Alex offers creative ways you can make money off of the current leads you already generate, to put that ‘extra’ money into your marketing budget. There are a ton of free solutions to generate leads, but it’s time to start working smarter, not harder.
Key Takeaways:
- Alex is nearing his 100th episode!
- Thank you for giving us feedback!
- How do you scale up your marketing when you don’t have the budget?
- There are lot of free options, but how can you work smarter, instead of harder?
- If you currently have leads, but they’re retail, you can send them to an aggressive real estate agent.
- Connect with agents, and let them know you’re selling pre-packed leads.
- Alex recently sold 10 leads for $500. Yes, not a lot of money, but you can use that towards your marketing budget!
- You don’t have to have the leads already in your system. Let them know you’ll send them leads, ‘as they come.’
- Network and get in touch with service providers who could use these leads. Roofers, plumbers, etc!
- Partner with other wholesalers in the area!
Mentioned in This Episode:
Flip Empire Private Facebook Group
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Brian Trippe is based out of Birmingham, Alabama. When Brian was 28 years old, he was still living in his dad’s basement and was lazy! All he did was play video games, but shortly after, he got married, and knew he had to get a ‘real’ job. Brian stumbled into real estate, but he worked his butt off, and on his first deal he earned $10,000 net. Since then, he’s been hooked! If you want to take real estate seriously, you have to get off that couch!
Key Takeaways:
- How did Brian end up getting into real estate?
- Brian took a very, very expensive real estate course and ended up making $10,000 on his first deal.
- What advice would Brian have for those who are struggling to take action?
- Book smarts is a plus, but you learn the most from actually taking action.
- Brian spends a lot of money on real estate education, BUT he takes that info into practice.
- When you go into real estate investing, really focus on your end-game.
- You want to generate enough capital so you can go out and purchase your own assets.
- Brian talks about his real estate portfolio. He’s currently doing $10,000 net on his properties.
- Brian is closing 2-3 deals a month right now. What does his office look like?
- Surround yourself with great people you can trust. It’ll help you with a ton of headaches.
- How does Brian get ‘free’ lists?
- What advice would Brian give his 20-year-old self?
- So many people know the kind of work they have to put in, but they’re just not willing to do it.
- People do not change. The only way they do, though, is to go through tragedy or an awakening of some sort.
- Make today the day where you’re going to change, where you’re going to put in the work.
Mentioned in This Episode:
Flip Empire Private Facebook Group
Alareia.com
Email Brian: Info@Alareia.com
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Alex discusses why it’s so easy to slip out of the ‘hustle’ mode when things are going well in the business. No one is immune to this! Alex has even done this himself. Business was going great, but because the real estate market has its ups and downs, Alex quickly saw that when he got complacent in his work, it began to also hurt the business.
Key Takeaways:
- Alex and his wife are getting ready to have their second child!
- When you’ve hit your stride in this market, it can be very easy to slack off, or even get complacent.
- Alex has been guilty in the past of doing this!
- The real estate industry is not immune to having some ups and downs.
- When things are going well for you, don’t slack off. You need to keep pressing forward!
- A couple of months ago, Alex had two sellers back out for almost no reason at all.
- Was Alex’s mindset just in a bad place?
Mentioned in This Episode:
Join our Facebook discussions via Flip Empire Private Facebook Group
Rob Swanson is a second-time return guest on the Flip Empire show. This week, Rob discusses how you can structure your deals in such a way, where you’re making not just short term cash flow, but mid- and long-term cash flow. Sometimes it does take a little of out-of-the-box thinking, but your future you will thank you for it!
Key Takeaways:
- Sometimes real estate investors get a little bit blinded towards achieving financial freedom.
- Did you know Rob loves to bake pies? Creative deal structuring is like baking a pie.
- The wholesaler who gets good creative deal structures will not only build short term cash, but also mid- and long-term cash flow.
- How do you build residual income while still wholesaling?
- Rob shares a quick example of how he was able to structure a deal that builds long-term cash flow.
- What is seller financing?
- Alex and Rob do some quick math on how much you’ll need to pay a seller.
- When Rob meets with a seller, he will often have two or three different options for them to choose from.
- Basically, Rob makes the seller into a bank. Instead of paying Wells Fargo once a month, the seller gets paid.
- Alex and Rob walk through another scenario. What happens when the seller wants more than initially offered?
- What kind of homeowners are more open to doing deals like this?
- You’re leaving so much money on the table, long term, if you’re not thinking about structuring your deals in this way.
- Not sure if you quite understood how to setup these deals just yet? Don’t worry, you can listen this show again, and sign up to Rob’s Freedom Blueprint waiting list.
Mentioned in This Episode:
[Brand New] Simple 3 Step System Get's Motivated Seller Leads In Under 9 Minutes (Step-by-Step)
Rob Swanson’s Freedom Blueprint
Episode 14: Rob Swanson — Painting the Bigger Picture for Your Real Estate Business
Tweetables:
“Who in your town has the nicest buildings? The bank.”
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Alex discusses the importance of scaling down; yes, DOWN, and not up. Over the last few months, Alex reduced his team from 8 to 5. By simplifying the process, and getting more focused, Alex has seen his sales increase! People often talk about the importance of scaling up (including Alex), but there’s a lot of power to taking a step back and scaling down, too.
Key Takeaways:
- Scaling your business is important, especially if you want to gain more time and financial freedom.
- When you can make your business into something that’s greater than you, that’s where the magics happens.
- Alex admits he made a rookie mistake right after the holidays in November.
- Because Alex took his foot off the gas on the marketing side of things, the year had a slow start.
- So, you know about scaling up, but sometimes you also need to scale down. Alex explains further.
- More isn’t always better.
Mentioned in This Episode:
Join our Facebook discussions via Flip Empire Private Facebook Group
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Don Costa has been in real estate since 2003, and he started with nothing. To give you an idea, he used quarters to fill up his gas tank just to take his children to daycare. When he got involved in real estate, Don made an active effort to reach out to everyone in his industry. Fast forward to today, Don has a successful real estate business and podcast. Do not underestimate the value of your network!
Key Takeaways:
- Thank you for submitting your questions to the Ask Alex app!
- This episode is jam-packed, but don’t get overwhelmed! Pick one or two tips from Don and take action on it.
- How did Don get started in this business?
- Don’t let your current situation stop you from achieving your goals.
- Don made an active effort to build relationships with the right people.
- You’re in the business of people, which means you can’t be afraid to go out there and talk to them!
- How does Don go out there and network? Does he have a process?
- Any opportunity you have to connect with someone else, you gotta take it!
- Don’t have any money? That’s an excuse! Don didn’t either.
- What’s Don’s business process like? How does he process leads?
- What is ‘subject to’ about?
- Check with an attorney when you’re doing ‘subject to’ deals.
- What’s one piece of advice Don would give his 25-year-old self?
Mentioned in This Episode:
Join our Facebook discussions via Flip Empire Private Facebook Group
Connect with Don at Fliptalk.com
Email Don at Don@Fliptalk.com
Check out Don's "Subject-To" Language Here
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Alex recently spoke at a mastermind meeting. In his keynote talk, he discussed some of the failures he had to go through, in order to succeed in the business. Alex believes it’s very important to be as transparent as possible, and to not only talk about the good times, but the bad times, too. Today’s real estate market is changing, which means you have to keep on your toes if you want to stay relevant.
Key Takeaways:
- Be to sure to check out Part 2 of Peter Aquart’s master class! It’s all about passive investing.
- Alex recently had the opportunity to speak at a mastermind event.
- In this keynote talk, Alex discussed some of the mistakes he’s made in the past.
- When you go to the events, people always talk about the big checks, but never talk about their setbacks.
- Ever since Alex started this podcast, he’s been able to have a deeper connection with you, the listener! Thank you for reaching out and asking your questions!
- The landscape of the market is changing. Unfortunately, response rates are down in direct-mail marketing.
- How can you be proactive, and reach out to your list more effectively?
- Don’t get comfortable!
- The 80/20 rule really does apply in situations like this.
Mentioned in This Episode:
Join our Facebook discussions via Flip Empire Private Facebook Group
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
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Peter Aquart is the COO of American Wealth Builders. Be sure to check out last week’s episode before listening to this one! This week’s master class focuses on the passive side of the business. How do you put your money to work, and how do you build an effective passive income? Get your answer to these questions and more with Peter!
Key Takeaways:
- How do you grow your wealth while you sleep?
- Most people look at their bottom line numbers, but never factor in their time component.
- What is turnkey investing?
- How do you take your time and energy, and multiply it?
- Who is Peter’s typical client?
- Peter offers a very hands-off experience for their clients, when it comes to real estate investing.
- What kind of returns do clients tend to get?
- Time is money! More people are willing to give up their time instead of a little bit of their ROI.
- How does Peter get such great deals?
- Remember, you’re dealing with a lot of variables on a property.
- What happens if you want to get into a turnkey business, but don’t have the capital?
- Peter and his company aren’t here just to sell you a property. He’s here to create wealth with you.
- What types of property does Peter usually look for?
- Over the last 10 years, Peter has seen a 30% increase in rentals. However, there was only a 11% increase in supply.
- How does Peter replace tenants/fill in the occupancy?
- How does Peter oversee the inspection process?
- Alex was impressed by Peter’s inspection report.
- Have some additional questions for Peter? Go to www.flipempire.com/turnkey.
Mentioned in This Episode:
***Find out how you can earn 10-12% on your money through American Wealth Builders Turnkey Program
Episode 76: Mark Evans DM on Finding Your Unique Ability, Building a Team, Growing and Scaling
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
Subscribe To The Flip Empire Show, and Leave a Rating & Review!