7 Figure Flipping

I had an interesting conversation the other day…   I was talking with one of our 7 Figure Altitude members.   She’s a successful real estate investor, and she’s been doing well for a while.   But this year, she ran into some rough patches.   And as we talked, she said to me, “I wish I was like you… everything YOU touch turns to gold.”   It caught me off guard.   Yes,...

We’re coming up on the end of the year… Less than 2 weeks left. And that means you’ve got less than 2 weeks to work on your tax strategy for 2019. As real estate investors, we face some unique tax considerations. Taxes can be your biggest expense. But there are a lot of ways to reduce and defer your taxes for the year. And getting this right could be the difference between taking home a healthy pr...

4 years ago, we started the original 7 Figure Flipping mastermind group. (Which is now called 7 Figure Altitude). One of the first members of the group was a retired NYPD officer named Joe Cordes. Joe got into real estate investing at the young age of 23. He bought a rental with his brother, fixed it up, and held it for a while. But then he stopped. He didn’t do another real estate deal for 25 yea...

If you’re working on your first flip…   And you have a full-time job…   …then this is for you.   (Actually, there are some big takeaways here for EVERYONE, no matter your experience level.)   For the past month or so, I’ve been interviewing some of our 7 Figure Runway and 7 Figure Altitude members, asking them to share their stories, their struggles, and their success.   I...

Yesterday, I went LIVE on Facebook to share some big news. In case you missed it, you can check out the replay here on the podcast! Here's what's up... I've been part of the 7 Figure Flipping community for years, first as a podcast listener, then as a subscriber, as a member of the 7 Figure Altitude mentoring group, and now as the owner and CEO of the 7 Figure Flipping company. It's been an awesom...

Ryleigh isn’t your average 13-year-old. She and her dad Nate are building a real estate investing empire one deal at a time… ...and over the past year, they’ve really started ramping it up. They did 1 deal in 2018. This year, they’ve done 8 deals… …and each one has been a bit different from the rest. So how does this father-and-daughter team operate this business together? And what were those 8 de...

If you want to grow your house flipping or wholesaling business… …you’re going to have to make a transition. At some point in your journey, you’re going to have to stop being the guy or gal who “does all the work” and start becoming the “visionary leader” of your business. As entrepreneurs, we know how to hustle. Most of us got into flipping and wholesaling because we’re hard workers. We’re d...

Hope you had a great Thanksgiving! For me, spending time with loved ones, eating great food, relaxing and enjoying the company of friends and family is what it’s all about… …and I’m thankful my real estate investing business has given me the freedom to be present for these experiences. But that wasn’t always the case. When I first started flipping houses, I had to give up a lot of my free time. I...

Chad and Ashly Whitaker started out buying rentals. But they quickly ran out of money and got “stuck” waiting for their income to slowly grow over the long term. They wanted to generate faster returns… So this past May, they started their first flip. They sold that house in July… and they now have their next couple projects underway. They’re been moving fast to ramp up their business while balanci...

Listen to This Episode If you’re new to house flipping and wholesaling, keep this in mind… Imperfect action is better than doing nothing. It’s good to learn everything you can… It’s good to be prepared… But at some point, you HAVE to take action. You have to take the first step.  Then the next step.  And the next. The pieces aren’t going to click into place until you start actually DOING something...

Listen to This Episode I want you to imagine something for a moment… You find a house on the MLS that you want to buy. You call up the listing agent and say you’d like to make an offer. The agent says, “Sure! Go ahead and fax me the offer.” What’s the first thought that would go through your mind? Probably something like  What year is it?! Larry and Janet French had this exact conversation wi...

Listen to This Episode I’ve never seen someone do this before. Brent Meeks came to Flip Hacking LIVE just a few weeks ago. And since then, he’s been working on his real estate investing business like crazy… Hiring a full team… Mapping out processes… Setting up CRM and lead intake systems… Developing a 12-month marketing plan… …and more. He’s been flipping houses for a couple years. And he’s been d...

Listen to This Episode The other day, one of our 7 Figure Runway members asked toget on a call with me. He had some questions and wanted to talk through somenext steps. I told him we could definitely get on a call… …but it would be even better to do it as a podcast episode,so everyone can learn and benefit. So that’s what we’re doing! In today’s episode, I’m hanging out with Yhlas Kuliev anddiggin...

Listen to This Episode Growth can be scary. I hear from real estate investors all the time who want to keep their businesses “small” because they think it’s easier that way. They think they’ll make more money if they do all the work on their own. I used to believe this. When I got into flipping houses, it was a side gig. I was a “solopreneur.” I did all the work myself. I was able to flip 1 o...

Listen to This Episode At Flip Hacking LIVE, we talked about “core values.” Your core values come from the people who have shaped your character throughout your life. A few years ago, I did an exercise where I wrote down the top 3 people who have molded me into who I am today… One of them was my dad, who I brought on the podcast a few days ago. Another was Andy McFarland, one of my biggest mentors...

Listen to This Episode We learn more from failure than we do from success. So today, let’s talk about a couple times where things went WRONG… Over the past 2 weeks, I’ve been sharing a lot about building your team, working with a COO (Chief Operating Officer) to grow your real estate investing business, and how to be an effective leader. Not everyone is ready for this level of growth yet… …but if...

Listen to This Episode If you’ve been listening to the 7 Figure Flipping podcast, you know I’ve been talking a lot about leadership lately. I brought on Jocko Willink, leadership expert and retired Navy SEAL officer. I brought on Dan Coleman, our EOS implementer. I brought on Nate Johnson, my Chief Operating Officer who leads my team. Today, I’m bringing on someone very special… This person has sh...

Listen to This Episode Listen up, house flippers and wholesalers… Who you have on your team matters. As you start growing your business, your “people” will matter more than anything else. In 2017, my company did about 200 deals. In 2018, we did about 200 deals again… …but we made an extra $1,000,000 from those deals. That’s a HUGE difference. So where did that additional million dollars come from...

Listen to This Episode You can’t grow your business until you break through the “ceiling.” What’s the “ceiling?” The “ceiling” is the upper limit of what’s possible with the systems, processes, and strategies you’re using right now. Doesn’t matter if you’re new to real estate investing or if you’re doing 100 deals per year… …there is ALWAYS a ceiling. And your next level of growth is always on the...

Listen to This Episode A lot of house flippers and wholesalers do all the work themselves. They answer the phone calls, they meet with the sellers, they make the repairs, they find buyers, they handle escrow and utilities and so on. And that’s okay… some investors like it that way. But if you’re a solopreneur, your business will never grow beyond you. For most flippers and wholesalers, that means...

Listen to This Episode I want you to know something. You owe it to yourself and the world to work hard and be successful at whatever you do. I wholesale and flip houses. I run mentoring groups to help others do the same. Why?  Because I know that the more we push ourselves to succeed in this business, the more opportunities we each have to make an impact on the world. That’s what this bu...

Listen to This Episode I’ve got something special for you today. We recently held our annual event, Flip Hacking LIVE, in San Diego.  It was awesome. But I want to make next year’s event 10X more awesome. So I asked everyone who attended the Flip Hacking LIVE 2 weeks ago to send me their thoughts on what they liked and didn’t like about the event. To make it more fun, I said I would pick 1 person...

Listen to This Episode Val Brega is my lead intake manager. When a seller calls in wanting to sell us their house, Val’s lead intake team takes the call, screens the prospect, and sets up the appointment for our acquisitions team. Pretty straightforward, right? Here’s the thing, though… Lead intake is where your marketing dollars turn into potential revenue. If something is “off” with your lead in...

Listen to This Episode You’ve got to get houses under contract. Doesn’t matter if you’re flipping or wholesaling… Contracts are the lifeblood of this business. You make your money (or lose it) when that contract is signed. Everything after that is just exit strategies (rehab and flip, wholesale, wholetail, hold as a rental… lots of ways to make money once the contract is signed). So what does it t...

Listen to This Episode One of the hardest things about an event like Flip Hacking LIVE… …is getting back to “real life” afterward. Let’s face it… we all struggle with taking action. You can learn all the best deal sources, marketing tactics, funding secrets, and growth strategies… …but if you never APPLY what you’ve learned, you won’t get anywhere. Want to know what usually happens after most real...