One of the MOST important parts of your real estate career is knowing who to help and give your time to, and who not to. If you don't know this your career is in jeopardy! Learn what the difference between Prospects and Suspects and what is in between. And if you don't know this simple information you could be shooting yourself in the foot and have no idea you are killing deals before you get started. Or worse, giving deals away without knowing it either. So in this episode Bill & Pete cover some real important basics most don't think about. Listen to these obvious "universe secrets" and your real estate career with take off. Enjoy :-)
How many times have you told yourself you can't invest in real estate because you don't have money or experience? Bill & Pete break down the core elements of why most can't get past these problems. This episode has a LOT of conversation on how private money lenders think and how to ask them for funds and they agree to help you. If you feel your lack of money or experience is holding back your success, listen to this episode to get through it. Keeping things simple is a great way to operate a business. There is a lot of jewels in this episode on how to get money and experience quickly. BTW . . . sorry for the bad quality this week. We have it fixed.
He who waits is losses . . . in this episode Bill covers how waiting costs you money. Peter has a few deals he has lost because he is dragging his feet. But Bill digs in and finds out the real reason Pete is dragging his feet. You will be amazed how many of use are either running into these manifestations of are have run into them. Question is: how do you get through this state so that your success is complete? Most real estate investor's run into these barriers and end up killing their career because they don't push through it. So in this episode Bill & Pete help you shatter those barriers so your road is easier traveling. Listen to this episode so you can get out there making offers and start buying the houses.
Ever think if you do real estate investing you could get caught with a deal you will not know how to handle or lose BIG money? Or have friends or family tell you how much real estate investing is a scam. Listen to this show to help learn some of the pitfalls you could run into when getting started. By just hearing these potential failures will help you avoid the failure yourself. In fact there is an exact phenomenon of why this happens, and Bill covers this in this episode. And how you can overcome it quickly. So if you have some fear on doing real estate investing, this is a great show for you to listen to.
Which is a better deal . . . a pretty house, or an ugly house. Ever wonder which one makes more money. Or how to find one or the other. Is there a difference in how you find each of these deals? If you want to do less work and make more money in the real estate business then you have to listen to this show. It will rock your universe on how to get steady income in short order. Only because you can cut your work load dramatically if done correctly.
A lot of folks wonder how to get started in this business. In this episode Bill covers what you need to get started in this business. You will be surprised how simple it is to start if (and only if) you strip away all the BS most worry about when first starting out. The conversation in this episode you will hear some of the most important mind set tools you will need. Then Bill goes over some step-by-step action you could take after you hear this show to get results. So if you need help getting going, this show is for you. So take the time to listen.
Personality Marketing, what is it and why is it so important to your success? In this episode Bill & Pete talk about how to make your marketing POP and get people calling you. In this episode Bill talks about some of his theories on his successful marketing and why he has too many leads to work on when buying houses. And by accident the conversation turns to how to buy houses without risk and getting in trouble. Which most are concerned with. So this episode will help you TONS! In the end Bill tells how he has spent hundreds of thousands of dollars on marketing and tested alot of stuff. And on this show Bill reveals his best campaigns with the best results. So you can jump start your success.
The lost title. Here is where Bill and Pete go back to when they first got started and talked about how a new comer can get started in today's environment. Things always start off with finding the correct way to find motivated sellers. If you have sellers calling you instead of you chasing them you will be MUCH better off. And how this is a great way to fill your checkbook. Then Bill & Pete cover some basic myths you will have to overcome to make deals happen. Once you understand these basic principles you will start to crack open some amazing opportunities for you future.This is a great show to get you started in the flipping houses business.
In this episode Jessie (Bill's daughter) is a guest speaker. Jessie just went through a FHA 203K loan (A type of government loan). By the end of this show you will have a complete understanding the advantages & dis-advantages of this special type of loan the government uses for people like Jessie who want to buy an UGLY house and renovate it. Using this very special type of a loan. A Very good episode to listen to if you have no clue how you would find "hard money" or "private money" to do renovations! Jessie tells use her hands on experience while going through this process. This is an absolute MUST for anyone who thinks they can't get money to buy a house and flip it!!!
In this episode Bill & Pete go step by step on how you can get started in real estate investing. Bill starts the episode off by talking about his current situation on how he had to go to a building department and get out of trouble. Or, actually, not get out of trouble. This parrable is worth listening to for all of it's lessons. Then Pete brings up how the whole process is not just renovating the house. It is a lot more than that. Knowing what Bill & Pete cover in this episode is the fundamentals of how to be successful in the real estate business. Listen to this show for some HUGE secrets on how to handle each step of the process perfectly.
In this episode Bill, Pete, and Lisa cover what an amateur is, and what a professional is. Lisa brings up that amateurs can make money by buying one or two houses. Bill & Pete argue the point this is not really true! This ends up with pulling out a dictionary and looking for some clarification on what you should do. Do you need an elementary education, a high school education, or college education when it comes to real estate investing? In the end we actually figure out what an amateur and a pro. And which you should need to be to make BIG money. A very good show to listen to if you are trying to ramp up your real estate career to make consistent income and make it your sole income.
MMA (Mixed Martial Arts) or as we call it in real estate . . . Message Media & Audience (MMA). Once you fully understand this basic "rule" you will always be able to make money. The episode starts out by talking about CTN (Criteria, Terms, and Network - or your 'team'). Then the conversation turns into how the real estate economy is at the time of this recording. And what it might turn into. Then Bill covers when you should marketing start and stop while doing a deal, and on from there. At this point the conversation turns to the best way to find your "perfect" audience and what to say them. And, why this is so important in the buying house industry. We then creep into some good advice on how to make offers. Some stuff not covered before. As if in a college course learning to flip houses. A very good episode for beginners.
Okay, in this show Bill & Lisa cover some of the most popular Myths that keep folks from getting started. Once you get thru these in your own mind, you will lung forward in having success. Most of your barriers are between your ears and have to deal with that first. The practical examples that get covered in this show definitely make you think of the conversation you are having in your own mind when no one else is around. And, by the way, causing you to make decisions that are not always conducive to what you expect as a turn out - or end result. Get thru this in your life and you WILL start moving much faster. The way you want to. Take your time and listen while taking notes on this one!
WOW . . . I think this is one of the best shows we have done. Bill & Lisa cover in great detail how to raise the money to buy deals. Most think they don't have the available resources to buy real estate. But low & behold it is just the biggest myth in the industry. The description is not big because you just need to listen to this show!
You can't eat everything that looks appetizing is a special episode that covers how and why you should not buy every deal. In fact, some deals are best to pass on. And in this episode Bill covers how you can figure this out. What you will learn from this episode is how to weed out what doesn't fit your criteria. And not knowing how to do this may kill your career before you ever get started; and won't even know you did it. Then wonder why you didn't succeed. Then bitch about how bad the industry is, and you killed yourself. If you don't do the stuff on this episode, you may not make it. Bill covers some of the things he does when making these decisions and how he evaluates whether or not to do a deal. The amount of pragmatic information in this episode is more than normal. So enjoy.
In this episode Bill has his Acquisition Manager on the podcast (Plus Pete The Rookie). She has done about 20 deals and has a new perspective on how to get started. This episode covers a lot of practical things that happen when you first get started. And some of the things you have to avoid when first starting out. Then we cover how not to be so cautious you don't do deals. Or so worried about doing a bad deal - you never buy something! So Bill covers the four basic steps Bill uses to do every deal - to this day. These 4-steps, if followed, WILL get you deals bought. Bill and the guys go over this in great detail. And at the end of the podcast Bill completely discusses how to buy property without risk. And this is worth the time you will put into listening to this episode.
In this episode Bill reveals some of the worst ways to invest in real estate. The show starts off with talking about some of the details you should know when investing. Then the conversation moved onto dealing with people in this industry; and how Bill deals with information. This turned into a conversation about how to work on each deal. Bill covers how he deals with each transactions. Then Pete covers some of the things you want look at as a rookie. This turned the conversation into how you can do this business at first with no risk, or money. The conversation revealed so much extra's on real life examples of what Bill & Pete have run into with others. If you want to hear real live everyday activity that is happening this week, this episode is a great one to listen to. Very pragmatic and logical so you can really learn a lot.
Money now, money monthly, money later. In this episode Bill & Pete talk in great detail how to make the most money from every deal. Bill covers how he looks at deals, and vets out the best profit strategy when looking at the deals. While talking to Pete, Bill talks about how he pre-screens his calls so you are not on the phone all the time talking to "tire kickers." This turned into some of the language you should use when talking to sellers on the phone and making offers. As things progressed, Bill & Pete got into how Bill sells houses on auto pilot. Bill goes over the 7-deals he uses to make the most amount of profit from every deal he runs across. Then all of sudden Bill starts talking about how to invest WITH NO RISK or NO (or low) MONEY from you. Bill goes into detail with this exact point. This is actually how to own nothing, and control everything. Lot's of very good tips & tricks during this show. Worth listening to for sure!
What most don't realize in real estate, they are looking in the wrong place to find deals. In this episode we start off talking about a deal Pete did with owner financing, principle only payments. For ten years. At 66 cents on the dollar. In other words: Pete bought this property at a 34% discount. And we cover the whole deal in the beginning of the call. Then we went over some of the other deals Pete has done over the past ten months. Previously to that, Pete knew nothing about real estate investing. We moved onto what kind of seller do we need to find to get these deals. And, most of these sellers have pretty houses so you don't need a lot of money for repairs and run contractor's. Instead you will work on finding the buyer so you can cash out. Pete talked about the difference between talking to the right seller, and the wrong seller. The system we are talking about works. In actual fact, the only thing Bill spends all of his time doing is just keep folks on track to use the system. A lot of people fall of the tracks and needs Bill to get them back on track. And when they do, they get results. So if you want to get going in real estate investing. This is a great episode to listen to. Also, on this episode we start taking questions from liteners. And this has added a whole new level of training. So don't miss this one!
Dear boos . . . I quit! Isn't that what a lot of us want? We start the episode off with the three MAIN things you need to do every week. And if you don't do it, you WILL not be in the business. You will get kicked out like a whore in church (joke). Then Bill goes over how you can get a ton of research and development at your finger tips. And where this information came from. Then Bill covers how to find the hyper active areas of your town. In fact Bill goes over the following steps to get thru a deal. Step-by-step so you can get it. If you understand how these steps fully, you can make money buying and selling pretty houses. This is actually a HUGE business that does not need a lot of attention (like rehabs). Or any money. In fact most of the time we buy those houses with less than $100 out of pocket. If you want to fire your boss, this is a perfect episode to listen to.
Ever think you need to be stubborn to make it thru this business? In this episode we are going to cover how thick your skin has to be to make it. Here we let the cat out of the bag on why it is so hard to get started in this industry. And, you won't believe how much the card deck is stacked against you. Which means once you learn this, you can start making traction. Bill cover how to make $100K a year with real estate. And the different types of deals you will need to do. Then we will move on to all of the things you think you know. And whether or not they are correct pieces of information to hang onto. In fact most often the common data you have is totally false. And in this episode we cover the types of information you need to hang onto to actually make money. Then Bill covers how these days the selling client makes the offers. He does not make offers anymore. And we use one of Pete's deals to show how this works. By going over (in detail) the offers we gave the seller you can glean amazing information on how we do these deals. Totally over the shoulder type podcast. This also walked us into how to talk to private money lenders to fund your deals. In final Bill covers how you need more than mental information, and exactly what you do need to be successful.
Today we start the show out by talking about a deal Pete is working on. It is an owner finance deal that was awesome. No money down, money monthly, and money later. Great example of how to do it. Bill covers the offers Pete made to get the deal. Great lessons to learn how to do deal structuring. Bill & Pete then talk about all the math and how Pete will sell the property. Then we move into how to create deal flow, and when to work on it, and why? The conversation then turns to the BIGGEST difference between what we do and what a Realtor does. And you will be completely surprise on the answer. In fact, if you don't know this one fact you could go months or years fighting this battle and making less money. While talking about deal flow Bill slips and tells you the exact thing you need at a closing, otherwise the deal is BAD! Then he slips and let's you know his powerful negotiation tool. This one tool makes him hundreds of thousands of dollars. After we get through all of these jewels Bill gets into how he has a constant deal flow. And you will be surprised how simple it is. In fact, if you are not careful, you might miss it. It's that simple. Then Bill & Pete cover if you really have time to do this business. And you will be amazed how much time you have, if you just do this one drill Bill & Pete do. After this drill you will have NO excuse. TONS of practical information on this episode.
If you think you want to flip houses and have not done anything before in the flipping business, this podcast is for you. The best thing you can master in this business is deal hunting. In other words if you have motivated sellers calling you. And if you want to jump start your flipping career the best thing to do is to have sellers calling you. If you have sellers calling you - you will figure out how to make a deal. Once you have that pressure you will be in the business. So the best thing you can do is marketing. You will always be marketing for deals, money to do the deals, and buyers or occupants. Thing is you will want to put a team around you. And that (by the way) is not the first step. The correct way to do this is to find a deal or two that accepted your offer, then start talking to others about that deal. You will notice it is much easier to to find your team when you have deals. However, what deals do you want? And who do you want to help you with those deals? These are things you should figure out after you have a deal or two. Believe me when I say this is the best way to start. When Pete the Rookie started, this is how we got him started in just a few weeks time. And we offer you a beginners checklist to help you get started. We released it on this podcast for all of the listeners who support us while listening. Make sure you listen a few times to get all of the jewels out of this hour long podcast!
In this episode you will learn how to get time back in this business. If you don't want to wast a LOT of time talking to people who are not selling houses, this podcast is for you. Bill reveals his not told before formula on what to do. And when you do this magic formula - you get good leads to work with. But of course not every person responding to your marketing will be ready for your help. Plus this formula is a BIG reason why Bill's closing percentage on his offers are so high. So then you will need to start "weeding out" the suspects who steal your time. Well how do you do this? A lot of folks don't have a good closing ratio when making offers. So Bill goes over the 5-steps to a sale, and why you need to do them to buy houses. If you understand this you will actually need LESS leads because you will have more deals. It is truly amazing how this works. Then you will need to know what a GREAT deal looks like. And, how you will know what it looks like so you can move quickly and get that deal. Lastly, Bill talks about the words MOST of use to kill deals even before they start talking to the seller (or soon after you start talking). You will be amazed at how much this works against you when you use these words. Amazing podcast with TONS of great jewels to learn from.
So what steps do you take when you first start out flipping houses. In this episode you will get a clear view of how to purchase a house (whether you have done it before or not). Once you know the sequence you can rinse and repeat it as much as desired. Knowing these steps helps clear up a lot of confusions. In the middle of this podcast Bill slips and tells Pete his amazing steps to a sales cycle. And how he uses it to make deals. It sounds like pure theory but if you follow these steps you will buy houses. This leads to who you want on your success team and who you don't want on the team. This include how to deal with contractor's and why this is so important. In the middle of this podcast Bill explains why most investors lose deals before he even gets started (hint: it's what you call yourself on introduction). This is HUGE once you hear it. Then Bill covers why you never take a person off your list, and why it is so vital. Bill then covers why it is so important to be focused. Which starts from the first step and how you look for houses. The biggest success is the crowd you are speaking to on how well your results are. In the end Bill shows you how to follow his 4-step formula to get deals and how to deal with them one-by-one. Great episode to help getting the steps to success under control.
Learn to flip houses at: http://flippinghouses.club