March 8, 2016 in Home Staging
I have a guest post for you today from my friend Kelly Payne on staging your flip for a faster sale. Kelly and her husband Aaron are real estate investors in Tulsa, OK.
You may remember that Kelly was featured in my series “Successful Women In Real Estate Investing”.
Staging Her Flip; Her Favorite Part or the Most Frustrating Part of the Process?
For me, staging is the most intense and frustrating step in selling a house, but when it’s done, I end up saying it’s my favorite. Read the rest of this entry →
September 3, 2015 in Investing In Real Estate
The Initial Motivated Seller Call
You answer you phone when it rings….no matter what….right?
Answer your phone!
If you are serious about getting your next house to flip, you should be. Most people don’t want to be bothered with a phone outside of normal business hours.
Let them lose out on the deals.
Answer your phone and dramatically increase the odds of being one of the few (or, even better, the only one) that find out about a potential deal from a motivated seller.
If you put yourself in the shoes of a motivated seller looking to find someone to help them out of a problem, you will realize that you want to accomplish something. If you call someone from their advertising and it goes to voicemail, you won’t feel like you’ve accomplished anything….you’re still waiting. Read the rest of this entry →
April 14, 2014 in Podcasts
My guest today on my podcast “Let’s Talk Real Estate Investing” is Danny Johnson. Danny is someone that has built a very successful business flipping houses in San Antonio, TX. A lot of you probably know him from his popular blog FlippingJunkie. Danny and his wife Melissa have 5 children, and they have been investing in real estate for 10 years.
Danny got a corporate job in computer science when he graduated from college. Like a lot of other entrepreneurs, he quickly discovered he really didn’t like working for someone else. His dad was rehabbing houses at that time, and Danny saw how much his dad loved what he was doing. However, it was tough leaving his good paying job so he invested part-time for about 3 years.
We covered a lot of information in this podcast so grab a cup of coffee and get ready to learn. You can find a sampling of what we covered in the show in the “Show Notes” below.
- How Danny got started investing in real estate, and why his corporate job just wasn’t for him
- Starting out part time
- The importance of having the right mindset
- Mentors, accountability partners, and masterminds
- Investing in yourself through education Read the rest of this entry →
March 25, 2014 in Guest Posts, Investing In Real Estate
This is a guest post by fellow real estate investor and blogger Danny Johnson. As usual, he has done a knockout job of nailing this topic of “fix and flip”.
There is something very rewarding about taking a dilapidated hunk of crap house and turning it into one of the nicest houses on the street. Actually, there is also something that usually comes with it that makes it even more rewarding…PROFIT!
It's no wonder so many people want to start flipping houses.
On the face of it, flipping houses doesn't seem that complicated. There's only three steps, right?
- Buy a house that needs work at a discount
- Fix it up
- Sell it for a nice profit and the knowledge that you helped improve the neighborhood
I'm sure you know there is a lot more involved. If you've spent even just a little time learning the ins and outs of house flipping, you know that each of these steps can realistically be broken down into about 100 other steps. Don't worry I'm not going to attempt that here. Read the rest of this entry →