cover of episode 130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard

130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard

Publish Date: 2015/7/9
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a>, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!</p><p>In This Episode We Cover:</p><ul>
  • How Will’s doing since the last time he was on the show
  • The famous 7 Figure Flip
  • All the details you want to hear about that flip!
  • The 10 things you need to become a better flipper
  • How to know your market
  • The importance of building a team before you buy
  • The members you need on your team
  • How to find quality contractors
  • The importance of negotiation as a real estate investor
  • The two numbers that you need in order to make an offer
  • The ins and outs of using leverage
  • How to build a reputation by taking care of your investors
  • The importance of learning how to manage efficiently
  • How to know where you can save (and where you shouldn’t) in flipping houses
  • And SO much more!

    • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “You really need to get the boots on the ground to know your market.” (Tweet This!)
    • “Trying to flip from afar is really asking for trouble.” (Tweet This!)
    • “Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
    • “Listening to people negotiate is really helpful.” (Tweet This!)
    • “There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
    • “You can’t be scared to fail because you’re going to fail.” (Tweet This!)

    Connect with Will

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