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 BiggerPockets Podcast, 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!

In This Episode We Cover:

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

Diary of a Seven Figure Spread (Forum Thread)
BiggerPockets Flipping Calculator
BiggerPockets Forums
Will Barnard’s First BP Podcast Interview
BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!
The Occupants from Hell (Forum Thread)

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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130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard 01:14:03

BiggerPockets Real Estate Podcast

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