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
In this episode Bill & Pete cover how to hunt out deals. If you don't have people calling you to sell houses, you just have a hobby. The show starts off by talking about money and how cash flow rules, and how to get it. And it starts with getting deals come to you. In this episode Bill covers lots of theory and how you can get incoming calls and how to turn these into profit. This leads into some basic marketing laws you have to understand before real success can happen. Good news . . . once you understand this, you will have success. The market you promote to is vital to your success. So Bill goes over who these people are, and where to find them so you too can market to them and start getting calls in your area. Once you master this part of the industry you will never worry about income again. So make sure you listen to this episode a few times.
Learn to flip houses at: http://flippinghouses.club
In this episode Bill talks a lot about starting out and cutting the risk down so you don't lose on the deal. He goes over in great detail why this is. And why Rehab Retail is the hardest way to make money in this industry. And how to tell the difference between when to hold, and when to sell. There is actually an exact formula to make this decision. And Bill covers it in this episode. Then Bill slips and explains how to do some of the paperwork for a few different types of deals. This leads into a conversation on how to measure your time against the money you make. Real interesting conversation and an eye opener. And back to talking about terms and why it is so beneficial when it comes to profits. In final, Bill covers his magic formula to sell houses and all the success. Bill tells the whole system without holding back anything. If you can't sell the houses you are buying you WILL NOT collect checks. And if you don't collect checks you will not make money and stop doing this business. Bill knows the fastest way to get your confidence is for you to cash a BIG check. And this podcast shows you how to do that.
For more information how to learn real estate investing go to: http://flippinghouses.club
Ever feel like buying & selling houses is difficult and everyone else can do it except you? First thing with to get over is the "simple" things are the best things to learn. Most of us tend to hear the magic jewels of the industry and discredit them as I can do it better. Why re-invent the wheel when someone has done it before. Bill calls it being a "dumb ass." Or just do what others (mentors) that of done it before advice you do. However you have to be careful who you take advice from. What qualifies "good advice?" Results! That is the test. Make sure there is evidence and it seems logical to do. Bill goes over how to look at things and how to evaluate. Then he reveals his secret with his coaching clients. A lot of folks are in this business just for cash. Bill explains what he focuses on that makes the money role in. Mid way through the show Bill goes over the 4-steps that will get you a deal EVERY TIME! This simple formula is how Bill has bought over 100 properties. And Pete & Bill cover these steps so you can glean a HUGE education out of this one podcast. Fortunately knowing these 4-steps can either get you going, or enhance your business even if you are doing good. But it is too simple. So you may not take the advice!!
OMG! Bill let's the fur fly on this episode. The show starts off with Bill & Pete talking about some of the current deals they are working on the time of the recording. And Bill covers how HUD properties get bought (and reveals a few tricks). Just hearing what Bill & Pete are going through you can learn several lessons. Then Bill moves on and talks about how to deal with thoughts and to actually control them so you can win. The unconscious mind at work. After working with MANY coaching clients Bill says the hardest thing to get new folks to do is to locate MOTIVATED sellers to make offers to. And Bill goes over the 4-step system bill uses to buy a house guaranteed. These steps are amazing - only if you DO them. There is no B.S. in this episode.If you truly want practical advice on the real way to do this business this episode adds to the many day-to-day activities a busy investor does. It is really amazing today's society allows folks like you to find information like this and actually get results.
House Hacking. Have you ever done this? Bought property by deal hacking. This is not a derogatory term. It is actually a way to find and buy and sell houses if you have no money or time. It is actually a great way to get started with wealth building. This is something anyone can do anywhere in the world. It is actually too simple and that is why most people don't do it. Bill actually covers how he has used any one of his seven ways to make offers when looking for a personal property for you and your family. It is a great way to get started. If you are short on time and money this technique is an easy way for you to get started in this business.
So many gurus talk about wholesaling and making $10K. Bill says that is WAY to hard to do. In this episode Bill reveals how to find deals everywhere that can make you $10K within 30-days. And it is on over leveraged properties. Which means the sellers can't sell the property without coming to the closing with a chunk of cash. So this techniques is very strong because it has a built in motivation from the seller. Once you hear how simple this is you will want to go out and do a deal tomorrow. In fact this is a way to buy & sell houses without owning the house. You actually control the property with having the deed (or the risk). It is much better to control the property than to own it because at the end of the day you have very little risk if you don't own the property. It is truly magical. In this episode Bill & Pete go over this technique step-by-step so you can understand it and get going. As a side note Bill talks about why the banks are not is a big hurry to sell REO properties and why they give you a run around when trying to buy from them. Once you learn this you will realize the banks are stealing from the entire country and getting away with this nasty way to do business. Truly eye opening and a must know if you plan to buy properties from banks.
How do you make full time income on a part time schedule? Is there really a way to do this? Is it a scam? Here Bill goes into detail on how you should start in the real estate game. The reason you should listen to this episode is so you can learn how to use $10 as your down payment and get out $10K. Bill & Pete go over how you can help sellers all the way from 150% of its value or if they don't owe a dime. Doesn't matter. We have an offer for them and still make money. But what offer works best when you first start out. How to do create an "equity machine" so we can make money out of thin air? When you hear how Bill controls real estate without risk or never worrying about loosing. If you are new to this business you will want to listen to these un-talked about ways to become wealthy. And it is not the way you think it is. If you DO NOT know these strategies you are missing out on hundreds of thousands of dollars - NO B.S! Making money is one thing - building wealth is another. Here Bill & Pete help you do both (if you want). So make sure you have pen & paper while listening.
If you want more help, go here: http://flippinghouses.club
Why is it that some people are just successful, and some are not? Answer: It's knowing what to do. Do you know the exact steps from start to finish when flipping houses? Bill breaks the whole business down to 6-essential steps you need to go through to get your BIG check. Here are the steps:
1) Finding the time to do this business.
2) Locating the hottest and most motivated sellers in your area
3) Then you will need to handle the calls coming in, how do you do it?
4) Here you will need to make an offer, and get it accepted
5) Once they say yes, where do you get the money?
6) Got it bought, now how do you sell it, How?
This episode goes over each of these important steps and how you can apply them to your life. So listen a few times so you don't miss out on these never revealed information.
For more information go here: http://flippinghouses.club
Oh man goals are for losers. I bet that goes against everything you were taught, right? Ever notice you spend a lot of time on this "hitting your goals" thing? So why is it that goal and resolution oriented folks continually fail so much? And why shouldn't you do it yourself? Learn the most common reason goals drive you out of the "BIG" game and how to prevent this. Ever notice that goals & resolutions make you feel empty, useless, and perhaps spoils your energy and success? And that goal thinking people are in a continuous state of "Pre-Success"? Stop fighting discouragement at each turn. Listen to this episode and improve your life with these extraordinary methods talked about in this podcast. You will be amazed!
For more information go to: http://flippinghouses.club
Has anyone ever told you there is a "success formula"? In this podcast you will figure out success is not very difficult - if you know the correct things to get it. Bill starts off the podcast with getting down to offer making and why it is all math. You will learn when to use the math and some good strategy on how to present the offer. Bill drops some of the questions he uses to make hundreds of thousands of dollars. Any other "guru" would put this information behind a membership site and charge TONS of cash for this information. But here Bill & Pete let the fur fly and show you how you can do it. Then Bill goes over a live deal so the example is real to you. When using good tools making offers it is like clock work. Actually you can become a "Dealoligist" and walk sellers down the road to excepting an offer. Learn how to get the seller on the same page as you so when you make the offer you don't need a travel agency to put the two of you together. It is too simple. Which is why most won't use it. At end of the day Bill covers some of the most important things you can do in the business, and turn your business into success. Then at the very end of the show . . . Bill drops the Magic Formula for Success!
Find us at: http://flippinghouses.club
Most folks think there is some "secret" on how to make a bundle in real estate. Actually it is not that 'secret' after this episode. Bill goes into great detail how he saves over 15% of his material cost on renovations. This techniques has NEVER been revealed before by anyone. It is material cover in advance coaching. But Bill's tongue slipped and he has to tell you all right here. The best part is it was simple to do. Just being smart. And now you can do it too. Then Bill goes over how he uses math to buy his houses. It is unbelievable how this works in the presentation. Then Bill reveals the exact place how makes most of his money. These technique along is worth hundreds of thousands of dollars in your pocket. Deal structuring is a major part of buying houses . . . but only after you do what Bill & Pete talk about in this episode. Math is the way through any conversation. And it is teachable. Learn how so you too can make amazing offers.
For more information go to: http://flippinghouses.club
We are always talking about building a team. This would be folks you want around when doing business. Professionals who understand and know your business. Well in this episode we cover in great detail how to hire a Realtor so they work with you and not against you. You would think Realtors would be on your side so they would get their check. Unfortunately there are different "grades" of training. We kick things off with why someone would want to sell a house and how you can help. Once you know these simple "issues" or reasons it is a LOT easier to buy the property. After we get through the 'reasons' Bill then has a list of questions you should ask a Realtor before you hire him. And if you are not asking these questions it is guaranteed you are NOT hiring the right Realtor. Most Realtors don't want you to ask them. Only because most Realtor's will be embarrassed and know you are a professional when you spout these off. This is a MUST episode to listen to if you are just starting off.
For more information go to: http://flippinghouses.club
One of the worse things that can happen when flipping houses is you can get involved in a bad deal and loose money, right? In this episode Bill & Pete go into detail on the different aspects of a deal so you can understand some of the stumbling blocks you will hit when flipping houses. Bill goes into decision making and how you can make the correct decisions and why you would make bad decisions; and how you can do the correct things (always). Once you understand some of these simple concepts you will become the professional home buyer you will need to be when buying houses. Then Bill went over some deal structuring so you can see how you can see the blind spots and pit falls. Then once you start making offers Bill explains how you need to go through the steps and how to persist through the process. About mid-way though the podcast Bill drops the bomb on how you can buy and sell real estate "risk free" which means you just can't loose. He reveals how you can buy real estate for as little as $1 down, without risk! Once you get this formula there is no reason to NOT get started in this industry.
Find us at: http://flippinghouses.club
We seem to always talk about buying houses, how about selling them? Or, how about the seller you buy from? What are some of the barriers they have? We start off by talking about people's perception of a property. how it looks, how it feels, etc. Why is this? Bill covers this in detail. One of the things you need to know is - what is a dysfunctional house. And how you know it is dysfunctional. And why it stops your sale. Bill then goes over the main 14 ways a house doesn't sell. And why they are so important. After talking about it for a while you will realize that your sellers have these same problems. Which means now that you know it, can make much better offers. This episode is vital if you plan to sell any real estate anywhere!
On this episode we have guest speaker Michael Clallanan (former contractor turned flipper). First thing that gets covered is how to make good decisions and why this works so well. Then Bill does LIVE coaching with Michael on how to decide VS wanting. Here Bill goes over CTN (Criteria, Terms, Network) and how important this is for any successful professional real estate investor. Then Bill goes into "Be" "Do" "Have" and how it ties into your CTN. These two put together are AMAZING tools for your success. In fact, if not done your chances get drastically reduced! And why take this chance? We move on to cover how you can be certain you are a professional in the real estate profession whether you have done over 100 deals - or none. This all ties into how well you are able to present yourself when making offers nose to nose - toe to toe. And if this is your first offer you need to know how to handle yourself so it doesn't show as your first offer. And this episode you will know how to overcome this phenomena. At the end of the day (when done correctly) doing the things Bill talks about, you will be happy. Every time! This momentum is something that will build your passion and energy - every time! Remember, we are real estate guys, not professional sound guys. So please excuse the static.
In this episode you will get some of the most valuable part of the business. When making offers nose to nose - toe to toe you will need to build trust (fast). How do you do this. Do you let it just happen, or do you manufacture it? After doing over 3000 offers Bill has a system on how to do this. In this episode Bill reveals his little know secrets to getting sellers to trust him. Then Bill covers the exact questions he asks when someone calls him from his marketing efforts. These questions are all on one piece of paper. This way you can make smart decisions on who to go out to the house and make your presentation (or offers). Then Bill divulges some of the best sentences he has tested over and over again during his 3000 offers presented. In the example Bill & Pete use for roll playing Bill buys a $200K house for $240K and sells it for $240K and makes $84K. Listening to this show is worth just hearing this one thing. Lastly Bill covers the most important thing a seller wants from you and how you can deliver these couple of things so the seller stays stuck to you, not someone else. Doing these few things alone will increase your conversion rate from offers to buying property. Lastly, Bill covers how the seller actually makes the offer and Bill just decides whether or not to take the deal. All together backwards then the way most do it. In fact, it is so different that sellers LOVE it. It is the most comfortable way to buy houses from the seller. You must listen to this episode if you plan to make offers!