David Dodge has 15 years experience in real estate but only found out about wholesaling five years ago! He wished he’d known about this niche sooner. It took him 10 years to acquire 10 properties and he did it the slow/traditional way. Over the last 14 months, he’s aggressively bought 45 houses using the BRRRR method. David breaks down this method and explains step-by-step how he was able to achieve this rapid growth.
Key Takeaways:
- Who is David and how did he get started in real estate?
- Wholesaling is a marketing business. Even if you’re not interested in it, you should still learn it because it will teach you the basics of getting directly to the seller!
- If you focus on learning marketing and sales, you will never starve.
- How has David been able to add 56 rentals to his portfolio?
- David only keeps the best for himself.
- David also uses the BRRRR strategy = Buy, Rehab, Renting, Refinancing, Repeat. He breaks down how he uses this strategy in real life.
- Of the 56 rentals he’s acquired, 45 of them were acquired in the last 12-14 months.
- Why does David not want to maximize his leverage?
- David uses private lenders to help with the purchase and rehab of the properties.
- Tip: Find a local bank, and develop a great relationship with your banker! Don’t deal with the big guys!
- Make sure your loan renews, not comes due! David explains the difference.
- David does a quick recap of his strategy. You need to be ‘all in’ on about 75% of what the house is appraised for.
- How much on average is David cash flowing on each house?
- You do not get taxed on creating wealth. You get taxed on income. David explains the difference.
- David uses a property manager. His primary focus is to acquire, get them ready for rent, and hand them off.
- What advice would David give to his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Facebook: Facebook.com/davidadodge
Instagram: Instagram.com/davidalandodge
Wholesaling 101 Course: FreeWholesaleCourse.com
The Ultimate Guide to Wholesaling Real Estate: Learn How to Buy Properties at a Discount, by David Dodge and Mike Slane
Tweetables:
“Keep the best, sell the rest.”
“You gotta go local. You gotta find a bank that’s local. I like banks that have anywhere from five to 15 branches.”
“I want to get 500 bank loans because I’m not the one paying the bank loans, the tenants are!”
Ask Alex A Question:
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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!
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Alex and his wife recently got back from a six-day event with Tony Robbins (Date with Destiny). It was life-changing, but despite this, there were some people complaining! Alex shares his thoughts on this and an interesting lesson he learned from it.
Key Takeaways:
- Alex shares some of the key lessons he learned at Tony Robbins Date with Destiny event!
- Tony always has you in a peak state, so there’s a lot of dancing and jumping around, but there is a method to the madness.
- This was a life-changing event for both Alex and his wife.
- If you try to please everyone, you are setting yourself up for failure.
- Date with Destiny was like a rock concert for personal development (but on steroids).
- Despite being at this event, there were people who were complaining!
- Express extreme gratitude to the people who are complaining.
- Monitor your thoughts. Do you focus on the good or focus on the bad?
- Don’t fall into the trap of trying to make things perfect.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Tony Robbins: Date with Destiny
Tweetables:
“You can have the life you want if you change your blueprint and don’t blame anything or anyone.”
“No matter what you do, you can’t please everyone.”
“Monitor your thoughts. What do you focus on?”
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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Juan Carlos Bernal is a serial entrepreneur, and has made a big impact on Alex’s life over the last 10 years. Juan Carlos is an executive coach and works with clients to overcome roadblocks (big and small), so they can experience massive breakthroughs. In today’s episode, Juan discusses how you can uncover your purpose, why we look for success in all the wrong places, and the importance of dealing with your negative emotions or fears in a healthy way.
Key Takeaways:
- Alex has known Juan Carlos for over a decade. Juan has been coaching Alex since they met, and he's helped him in his personal life and business.
- Juan Carlos is not an investor; he comes from the consulting world in the technology sector.
- Why do people not do the inner work they need to do to succeed?
- We look for success in the wrong places.
- We are taught all the wrong things. Fake it till you make it, etc. In reality, what makes us successful is our purpose.
- Authenticity is the new currency.
- How can we find our purpose?
- We don’t create our purpose; we have to find it. God sent us with a purpose already within us; we just need to uncover it. This takes time.
- If someone had to talk at your funeral, and they couldn’t lie about you, what would they say about you?
- We are enslaved by our needs and no matter how much you try, we will never fulfill it.
- When we release that need, that’s when things really start flowing and start happening for you.
- How can you let go? Where’s the fine line between focusing and letting go?
- How can we better deal with the negative emotions in our heads?
- Every emotion has a timeframe. When you repress it, it will be worse. When you give it what it needs, you will be set free from it.
- What advice would Juan Carlos give to his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Connect with Juan Carlos: Juancarlosbernal.com
Email Juan Carlos: JCBernal829@gmail.com
Tweetables:
“Don’t aim at success. The more you aim at it and make it a target, the more you will miss it.”
“I realize that it’s our purpose that makes us successful.”
“Everything that you’re afraid of — everything that’s preventing you, that invisible force — is an emotion.”
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 wants to challenge you to go through an exercise that has saved him nearly $5,000 in recurring monthly expenses. The book, Profit First, was a game changer for Alex’s business and on this week’s episode; he shows you why. Stop focusing on the top line, and place that focus on the bottom line!
Key Takeaways:
- The book, Profit First, has been revolutionary to how Alex runs his business.
- You should have five accounts in your business. Alex breaks down what each of these five accounts does.
- In the book, you go through an exercise where you print out your Profit & Loss statement (P&L), and determine if the expense contributes to profit, can be replaced with a cheaper alternative, or can be completely eliminated.
- Alex printed out his P&L from January 1st, 2019 till now and marked down all the unnecessary expenses or cheaper alternatives his business could use. It wasn’t a fun exercise, but he’s saved $4,700 in monthly recurring expenses.
- Eliminate the things that are not necessary for your business.
- Remember, bigger isn’t always better… BETTER IS BETTER!
- Don’t have a P&L? Print out your bank statements.
- Alex reads a couple of pages from the Profit First book.
- Alex’s challenge to you: How do you get 2X the results with half the effort?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz
Episode 370: Jason Nickel Shows You How to Crush SMS Marketing with Lead Sherpa
Tweetables:
“We’re focused on the wrong thing. We’re focused on the top line, not the bottom line.”
“I was able to shave about $4,700 in monthly expenses. Half of that was recurring.”
“Over the last six months, we’ve become more profitable, we’ve become more streamlined, and we’ve accomplished more with less.”
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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Jason Nickel is the Founder of LeadSherpa, a marketing platform specifically designed for text messages and phone blasts. It is compliant software to help you get more targeted leads (and better quality deals). Alex has been using their service for several months and has seen some great results come from it! Learn how LeadSherpa can elevate your marketing game and reduce your cost per lead / cost per deal in this week’s episode.
Key Takeaways:
- How did Jason first get started in real estate?
- Why is SMS marketing so profitable?.
- Pro TIP: Don’t go cheap on your data. It is your lifeblood.
- Why LeadSherpa compliant with U.S. regulations and standards…
- LeadSherpa is not a passive way to generate leads. You do need someone on your team monitoring the text messages coming in.
- What kinds of SMS messages does Jason recommend to use?
- Pro Tip: Don’t send the same message over and over, it will get you blocked!
- What type of results do Lead Sherpa users typically see?
- Jason lists some really cool features that lead Sherpa uses so that potential sellers do not get confused when different team members are texting back.
- Jason shares some of his best SMS marketing tips to use.
- Don’t exceed more than 160 characters in your texts.
- Never send links in your SMS messages!
- What’s one piece of advice that Jason wished he knew sooner?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Learn more about Lead Sherpa Here, and make sure to include "flipempire" in the "How did you hear about Sherpa?" section.
Tweetables:
“SMS marketing dropped my cost per lead and cost per deal by almost 90%. It took between $6 to 7k to get to one deal.”
“It has to be actively managed and managed by the right person. If you’ve got the wrong person doing it, lots of leads are going to slip through the cracks.”
“The key is to keep things short and sweet, and to the point. Ask questions and keep people engaged. Don’t exceed more than 160 characters.”
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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As the holidays come up, Alex spends some time reflecting on some of the advice that has made a big impact on his life. Through learning and reading from others, Alex walks you through the steps on how to create an action plan that actually works so that this time next year, you will be one step closer to creating a fantastic life with purpose.
Key Takeaways:
- Alex is looking through his old notes to remind himself about some of the important things he’s learned over the last few years.
- Today’s episode is about creating an action plan on how to take charge of your life and achieve what you want to achieve.
- Alex has five tips for you today on how to develop an action plan and make it REAL.
- First and foremost — you have to know what you want.
- Write down one main goal for every area in your life.
- Write down a due date on when you will achieve this.
- Think about the acronym SMART when planning out your goals. SMART = Specific, Measurable, Attainable, Relevant, Timely.
- Write down three action steps that you have to take INSTANTLY that will make progress towards your goals.
- Ask yourself these three questions: What do I need to learn? What do I need to believe? And what do I need to do to ensure I achieve my goals?
- Now, once you’re done with these four steps, get to work! Schedule the time so you don’t make excuses for yourself.
- The average person wants till January 1st. Do it now. You’re not an average person.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Episode 367: “How To Achieve ANYTHING You Want in Life”
Tweetables:
“When you have a plan that you can get behind — a plan that you can believe — it feeds your confidence and that confidence will give you the ability to take that first step into massive action.”
“A goal without a deadline, a goal without a plan is just a wish or a dream.”
“You set up your own environment for success.”
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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Mike Wagner is a self-storage real estate expert and has transformed his life through deliberate and purposeful action. As a Lifeonaire member, Mike shares why he decided that it was better to take a loss on his single-family rental portfolio in order to transition into a more stress-free self-storage portfolio. Mike has been in real estate since 2007 and purchased his first self-storage in 2011. He shares some of his storage numbers and where you can find some of these lucrative deals.
Key Takeaways:
- How did Mike get into real estate and why did he pick self-storage?
- When Mike decided to do self-storage units, he quit his day job to focus on it.
- Mike offers some advice for investors who want to take the leap and become an investor full-time.
- Mike ended up selling his single-family investment portfolio. He had about 30 properties under his belt at the time. He ended up losing money on some of the homes, but it freed him up much more mentally to keep focusing on what he does best.
- How does Mike justify taking a financial loss vs. keeping mental sanity?
- Don’t make decisions just purely on the numbers. There are other factors you can consider.
- How did Mike close on his first self-storage unit?
- In self-storage, you don’t have evictions, you have lien laws.
- Mike radically reduced his challenges when he went into self-storage compared to when he had single-family homes.
- Self-storage mortgage loans default less often than any other mortgage-backed asset.
- What type of cashflow can you expect from self-storage units?
- How does Mike find his properties?
- How many team members/employees does it take to run a self-storage unit?
- The biggest thing here about Mike’s journey is that he is a lifestyle guy. He has prioritized his life so that he makes money and it funds the kind of life that he wants.
- Mike has zero employees. He has six companies! How does he do it?
- Mike shares how Lifeonaire impacted his life. He has found his purpose.
- What’s one piece of advice that Mike would like to give his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Learn more about Investing in Self Storage: Thestoragerebellion.com
Refine your lifestyle: Lifeonaire.com
Tweetables:
“Practicality is often just a disguise for fear and I didn’t want to stay in the realm I had lived in for the first 30 years of my life. I wanted to forge my own paths and take the risk.”
“We were in the subsidized housing arena, so collections were a big hassle and the expenses were hard to control. We were spending half of every dollar that we collected on operating expenses.”
“In storage, our income-to-expense ratio is 30 to 33 cents on the dollar. There’s a margin there.”
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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As the year starts to wind down, it can be easy to set goals and have it fade away as the new year progresses. Alex doesn’t want that to happen to you. He wants you to achieve everything you want in your life, so in this week’s episode, he offers some advice on how you can manifest the life you want and bring action and meaning to these goals in a profound way.
Key Takeaways:
- Alex and his wife are in Palm Beach attending a Tony Robbin’s Date with Destiny!
- Christmas is just around the corner! Something special is coming up.
- Alex is looking back on old notes to remember any key takeaways he might have forgotten about.
- If you want to achieve anything in this life, you need to get super, super clear on what that is. That’s step one.
- Out of all the goals you want to achieve, which one is the most important one? Focus is key.
- The wealthy are always working on one specific goal, not five goals at the same time.
- People often like to work on the small things. Those take up time and don’t always get the ball rolling.
- Alex is a big believer in affirmations. Read your affirmation 5-10 times in the morning and at night.
- You need to visualize your goals as you say your affirmations.
- Create your vision board on your phone!
- Once you get to work, it’s just a snowball effect after that!
- Like the podcast? Feel free to reach out to Alex and let him know what you think!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Check out Tony Robbin's Date with Destiny Experience
Tweetables:
“Step one to get anything you want is to get clarity. So many people skip this foundational step.”
“What’s the first goal that’s going to have the greatest positive impact on your life?.”
“It’s not just enough to affirm it, you got to visualize, believe, and you actually have to feel it.”
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!
Ryan Pineda was a professional baseball athlete who started a real estate side hustle when he was on the road. After he retired from his career, his real estate business exploded. Through networking and building quality relationships, Ryan was able to acquire 50 houses within a year and grow his wealth. Today, he focuses primarily on his relationship with God and his family and makes sure his business is running smoothly without taking up too much of his time.
Key Takeaways:
- Ryan was playing baseball professionally when he first got started in real estate in 2010, but things really started to kick off in 2015.
- Ryan bought 50 homes in 2017 after getting access to private money.
- How was Ryan able to manage 20 deals a year while still playing baseball?
- How did Ryan find his private money lender?
- Relationships take time to build.
- Despite Ryan’s rapid success, it’s important not to compare yourself to him. We are all on our own journeys.
- Ryan shares how he determines what to pick/where to go when the world is filled with so many shiny objects.
- What are some of Ryan’s routines that set him up for success?
- Ryan works fewer hours now, but he is just as efficient as he was before. He prioritizes his family over money and his business.
- What impact has social media had on Ryan’s success?
- What are some of the best ways to leverage social media and provide value?
- Remember you can’t please everyone. Find your niche and double down on it!
- What is one piece of advice Ryan would give his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Connect with Ryan and all of his resources: https://futureflipper.com/
Instagram: @allstarinvestor
Tweetables:
“You want somebody to invest millions of dollars with you, you don’t just straight up ask them for millions of dollars. It’s got to happen organically.”
“Routine as an athlete is gold. You will not make it as an athlete if you do not have a routine.”
“Get over the fear. You are going to suck. That’s just what it is.”
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!
Happy Thanksgiving everyone! Alex is so grateful for everything he has in his life. Thank you for taking the time to listen to this podcast. In today’s episode, Alex is sharing an exercise he will be doing every morning and every night for the next 90 days.
Key Takeaways:
- Thank you so much for listening to this podcast!
- Alex is excited! He’s going to see Tony Robbins!
- Here is an exercise you can do every morning and every night that will have a profound impact on your life.
- The best investment we can make is in ourselves.
- Our ultimate goal in life is to find genuine happiness.
- Be committed to owning the first 15 minutes of your day, and ask yourself:
- What are you happy for?
- What makes you excited right now?
- What are you proud of in your life right now?
- What are you grateful for?
- What do you enjoy most about your life?
- What are you committed to?
- Who do you love?
- When you surround yourself with empowering emotions, that’s ultimately going to make you happy.
- To end your day, ask yourself these three questions: What have I been given today? What did I learn today? And how has today added to the quality of my life?
- Just like the gym, you don’t see your results overnight, but little-by-little you see the fruits of your labor over time.
- Start your day with these seven morning questions and end it with these three night questions and notice how you feel after! Do this for 30 days.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Tony Robbins: Date with Destiny
Tweetables:
“I truly believe in life, we need to be a funnel of quality information and good content.”
“Our thoughts affect our feelings and our feelings affect our actions and our actions reflect our results.”
“The snowball effect can be downward or upward. It’s a positive effect over a negative. Choose which one you want.”
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!
Rod Khleif is a passionate real estate investor who started when he was just 18 years old. On his third year as a real estate broker, he was able to earn six figures in his business and it was all because he took the time to work on his mindset and develop positive psychology for himself. Rod shares how you can develop a strong will to succeed no matter the hardships you are currently facing right now. There is nothing that you can’t do!
Key Takeaways:
- Rod comes from an immigrant family and they really struggled when he was growing up.
- When Rod got his broker’s licenses, he made six figures in his third year, but what had to change from year 1 to year 3 to make that happen?
- So many people have the knowledge but they don’t take action!!!
- Take some time when you’re energized to write down everything that you want and need in your life. Write it all out, no matter how crazy it might sound.
- What you have on your paper right now is just dreams. Now you gotta put a timeline on them to make them into goals.
- Use empowering words when you write all this down. Words will move you.
- Then take it one step further, write negative words to deter you from failing. Make it painful.
- This document is the fuel that will help you work your dream and encourage you to stay up late and work those nights until you’ve achieved it.
- Rod realized he wanted a corvette, so he went out and got a picture of it and put it in the visor of his car so that he would see it everyday. Within 2 years, he got that car.
- Visualize what you want, then take action!
- Strategies on overcoming our fears…
- Rod and his team have now fed over 70,000 children over the holidays over the last 20 years. Success is about giving back.
- The most successful people on the plant add the most value to others.
- Rod shares the one piece of advice he would share with you (and his younger self).
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Rod's Resources: Rodkhleif.com
Connect with Rod on Facebook: Facebook.com/RodKhleif
Join Rod's Multifamily Facebook Community: Facebook.com/groups/229962354193594
Tweetables:
“Mindset and psychology truly is 80-90% of your success.”
“Comfort zone is a warm place but not a damn freaking thing grows there. You gotta get uncomfortable to make it happen.”
“As human beings, we will overestimate what we can do in and massively underestimate what we can accomplish in 10 to 20 years.”
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!
In this week’s episode, Alex shares why you shouldn’t beat yourself up if you fail at something. Every failure has a teaching moment for you and even though it might sting right now, there is something even greater and more positive just around the corner. Failure has made Alex the man he is today and he is grateful for it!
Key Takeaways:
- Alex believes people are failing much more than they are succeeding, and that’s a good thing!
- Alex has been overwhelmed with his business too. It happens to everyone!
- About three-to-six months ago, Alex had to take a hard look at his business and figure out what he truly wanted to do.
- Alex shares a story about his daughter losing a game.
- There is really no such thing as failure. As long as you learn something, you didn't fail.
- One of Alex’s team members recently left. This was a great learning moment for Alex because he was able to look at the business in a different way.
- Alex challenged his team to accomplish more with less. Bigger isn't always better. Better is Better!
- Alex is grateful for his failures. He knows when it happens, something great is around the corner.
- When Alex was early in his career, he wrote in a journal what he did right and what he did wrong when he was working on his deals.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Tweetables:
“I have learned so much more from my failures and the challenges than I ever have from the wins.”
“At this point, I’ve been in the business for 13 years. I’ve had a lot of highs, a lot of success, I had a lot of lows, significantly more lows and failures than I have had highs. I truly believe that’s what’s made me the man I am today.”
“You only fail when you didn’t learn anything.”
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!
Dan Barrett is the Founder at AdWords Nerds, an online marketing agency for real estate investors. He got started in this career in a very unconventional way, through marketing to bands and musicians. However, with Dan’s diverse background as a musician, teacher, and web developer, he was able to see a big gap in the market when it came to marketing. Get some of Dan’s excellent marketing tips in this week’s episode!
Key Takeaways:
- How did Dan first get started in real estate?
- It’s very hard to find motivated sellers online. How can you break through this barrier?
- The truth is, the investing niche is super behind when it comes to their marketing game.
- Ad prices have gone up 10X to 25X since Dan has started.
- Dan pays someone to run his own ads because he simply doesn’t have time to do them!
- Not every real estate investor has to be pouring their resources into online marketing. It depends on whether it’s within your niche or not. Sometimes, a website is just good enough.
- What are Dan’s thoughts about Facebook ads?
- Facebook ads have huge limitations now for real estate investors.
- How can investors adapt to these new regulations?
- How can you brand yourself as the local expert?
- Dan shares his thoughts on how to market on YouTube.
- What type of content should you be putting out there?
- People want to work with people that are like them.
- Test, test, test your ads.
- What kind of budget should you have for ads?
- Remember to start small.
- What social media platform should you focus on?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Website: Schedule a free strategy session to increase your results (with Dan and his team)
Tweetables:
“Real estate investing is perpetually five years behind everyone (in terms of marketing) for whatever reason.”
“Now when you go to create a Facebook ad as an investor, there’s a checkbox if you’re in the housing category, and your targeting options are dramatically reduced.”
“What works best for content is selfie-videos, plain videos, not a lot of production, and quick. Aim for a minute to two minutes.”
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!
Are you feeling kind of down or unmotivated lately? Alex shares five tips on this week’s episode to help you get out of the slump you might be experiencing. Don’t lose sight of your goals, and remember, always be grateful for what you have because you are blessed! Feel free to reach out to Alex to share your thoughts!
Key Takeaways:
- Let Alex know how he can make an impact on your life! Feel free to email Alex at alex@flipempire.com, or leave Alex a voicemail here.
- Are you feeling uninspired or unmotivated lately?
- Alex has some steps for you to take to help you get out of this slump!
- First, change your environment up. Get out or modify your everyday routine so that you can be re-energized.
- Put your phone away and think. Write stuff down and just spend some time thinking!
- Do something for somebody else. Take the focus off of you.
- Be genuine when you give.
- Stay positive. Times might be challenging, but keep pushing through it.
- Do the hard work.
- No matter where you are in life, be grateful for what you have. You are blessed!
- We all go through adversity, but that’s the backbone of success.
- Stay positive, work, and trust you'll overcome all obstacles.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Email Alex: Alex@flipempire.com
Tweetables:
“If you’re struggling, if you’re going through some challenges, get outside of the everyday norm.”
“Give and don’t expect anything in return.”
“Be real, be authentic. Don’t be fake. Don’t try to be somebody else.”
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!
Ryan Kuhlman was recently elected President of the National Real Estate Investors Association. He is officially the youngest person to hold this position. Ryan started his career as a realtor before getting into investing, but he’s had some hardships along the way. When the 2008 market crash happened, he lost nearly everything to repossession. Now, he helps homeowners facing foreclosure sell their homes before they lose everything. Find out on today’s episode what Ryan has learned after being 25+ years in the business.
Key Takeaways:
- Ryan just got named the youngest President for the National Real Estate Investors Association
- Ryan really got hit hard when the 2007-2008 financial crash happened. Almost everything he owned got repossessed.
- Mistakes are important to your career success! Ryan shares some of the beginner mistakes he made as a wholesaler.
- What should you be looking for in a highly motivated seller?
- Why do most people stop making payments on their home?
- It can be hard to talk to a homeowner about the foreclosure process, but sometimes it’s important to be very honest with people experiencing financial stress.
- The longevity in this business is when you can talk to anybody at anytime, no matter the marketing method. Don’t get hung up on having the perfect system.
- Why do homeowners choose Ryan’s service over other competitors?
- Ryan shares his targeted-direct mail strategy.
- Handwrite your notes! That extra touch makes people see you’re a real person and not some ‘guy’ harassing them.
- Should you work/door knock on Sundays? Yes!!!
- Don’t find excuses, find reasons.
- What kind of lessons can we learn from the 2008 crash?
- Homeowners are going into default with their mortgages. There’s a cycle coming back.
- Ryan shares his strategy on how he plans to become more resistant when the next market crash happens.
- What advice would Ryan share to his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Connect with Ryan on LinkedIn, or at FlipCoach.
Tweetables:
“A wholesaler’s golden goose is your ability to market, your ability to establish relationships, and close deals.”
“As I was saying yes to all that work, I was saying no to the stuff that really made me happy, the stuff that made my life worth living.”
“The right eyeballs on the right content as much as possible. If you focus on that, any business will blow up because what you will end up with is a massive pool of people saying I want to work with you.”
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!
Alex continues his series on how to set yourself up for success and close more deals. In this week’s episode, Alex dives into what you need to know about scheduling appointments and shares some tips to keep in mind when your acquisition manager goes to meet the seller for the very first time.
Key Takeaways:
- As we go into the holidays, don’t slow down your marketing efforts… Double Down!
- In this episode, learn how you can differentiate yourself from the competition.
- Get your lead manager to introduce your acquisition manager.
- Alex breaks down what a scheduled appointment looks like.
- Scheduling physical appointments can be a bit slower, so if you know how to schedule and close deals over the phone, that’s going to be the quickest way to close deals.
- Alex has branded credibility package that helps his company stand out from the crowd.
- Make sure your acquisition manager is well-versed in their sales tools.
- Alex breaks down what his team does after the appointment.
- Get someone from your team to QC (Quality Control) your acquisitions manager by calling the seller post-appointment.
- Feel free to connect with Alex on social media (see link below)!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Episode 355: Strategies To Capitalize & Monetize On Every Lead
Tweetables:
“Often times, people are always asking, ‘Hey, what are you KPIs, what are you numbers?’ The truth is it doesn’t matter! There are some many variables at play that going off of someone else’s KPIs can be misguided”
“Don’t get overwhelmed on follow up sequences. Maybe this week focus on crafting 5 messages that speak to somebody that’s behind on taxes. Always aim to deliver value.”
“Make sure that you have somebody on your team that at least once or twice a week you’re doing some quality control.”
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!
Alex Jandick left his job as an acquisition manager 45 days ago because he knew it was time to take the leap and start his own business. He has been working with Alex in the ASCEND Mastermind and has already closed on a $50k deal after going to the moon and back to make sure the deal closed. On this week’s episode, Alex uses Alex J as a client case study to showcase what a little bit of focus and determination can do to your business within just a short period of time.
Key Takeaways:
- Alex received an amazing text message from Alex J! Since joining ASCEND, Alex J has just landed himself a $50,000 net deal!!!!
- Alex J had to overcome so many challenges to get this deal done!
- This was Alex J’s 19th deal.
- How did Alex J first get started in real estate?
- Alex J was working for someone else as an acquisition manager just 45 days ago. Why was it time for him to go start his own business…
- Without having confidence in yourself, it’s really hard to succeed . You got to have faith in yourself.
- What advice does Alex J have for those listening to this right now?
- Get yourself a coach ASAP!
- How did Alex J first discover this $50k deal?
- Get on the good side with your city. It took about 20 phone calls to the city to get this property cleared.
- Because Alex J did so much work on this property, he was able to renegotiate the deal so that he would have more of a spread.
- What were some of the biggest lessons Alex learned from getting this deal done?
- Alex J is really glad he took this leap and invested in himself. He and his wife were at a make it or break it point.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Tweetables:
“A wholesaler’s golden goose is your ability to market, your ability to establish relationships, and close deals.”
“As I was saying yes to all that work, I was saying no to the stuff that really made me happy, the stuff that made my life worth living.”
“The right eyeballs on the right content as much as possible. If you focus on that, any business will blow up because what you will end up with is a massive pool of people saying I want to work with you.”
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!
Alex continues his discussion from last week on how to get better quality leads. Alex dives into the follow up sequences, what you should look for in your KPIs, and why it’s important to not compare yourself to other people’s successes! Stay tuned to next week’s episode, which will dive into what you need to do before, during, and after the seller appointment.
Key Takeaways:
- What KPIs should you be tracking?
- Don’t pay attention to other people’s KPIs, there’s just too many variables.
- Generally you want to track: How many leads your marketing department is generating each week, how many leads it takes to get to appointments, how many appointments it takes you to get to a contract.
- FYI: You have existing deals in your CRM pipeline right now.
- Alex breaks down what a good follow up system looks like.
- Don’t get overwhelmed by all the different follow up sequences out there.
- Always aim to deliver value!
- Always have someone on your team to do some quality control (i.e. Lead Auditing). You need someone to listen to calls and appointments!
- Provide ongoing coaching and feedback to your team so that they’re always improving.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Episode 355: Strategies To Capitalize & Monetize On Every Lead
Tweetables:
“Often times, people are always asking, ‘Hey, what are you KPIs, what are you numbers?’ The truth is it doesn’t matter! There are some many variables at play that going off of someone else’s KPIs can be misguided”
“Don’t get overwhelmed on follow up sequences. Maybe this week focus on crafting 5 messages that speak to somebody that’s behind on taxes. Always aim to deliver value.”
“Make sure that you have somebody on your team that at least once or twice a week you’re doing some quality control.”
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!
This is John Martinez third guest appearance on the show! John has a sales training academy where he helps real estate investors get out of their shells and close more deals through the use of psychology, influence, and confidence. On this week’s episode, John shares how he only works about 3-5 hours a week on his core business and why he felt he had to cut back from all the things that weren’t making him happy. The truth is he was burnt out and he was saying no to a lot of the things he loved. Now, he has a three person team (including himself) and runs a six figure a month business. Find out more about John and his journey on today’s episode!
Key Takeaways:
- John has built up an amazing business where he doesn’t have to kill himself hustling and grinding!
- John works 3-5 hours a week on his core business. How does he do it?
- You have to have your niche. Focus is key.
- Leverage what you know and see how you can expand it without taking more on your plate.
- The life of an entrepreneur is marketing, sales, and automation.
- What can wholesalers do to get out of the grind and start living a life with more time freedom?
- How did John begin to structure his life in such a way where he now works on his business instead of in his business?
- When you feel stressed or angry, take a step back and figure out what is the root cause of that emotion.
- John has a three person team and they are generating 6 figures a month in revenue. Learn how to make more and work less…
- What kind of technology does John use?
- John breaks down his overhead, everything from what he spends on ads to the tools he uses (and more).
- Where do John’s leads come from?
- How can wholesalers apply content marketing to attract motivated sellers?
- If John were to start a real estate investing business from scratch, what would John do to get it up and running as quickly as possible?
- What’s one piece of advice John would like to share to those looking to create a lifestyle business?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Episode 78: John Martinez on How To Get More Contracts and Close More Deals (Part 1)
Episode 80: John Martinez On Crushing It At The Homeowners House (Part 2)
Do you want to convert more of your Leads into Contracts? Here is some of John's valuable training which my entire team has gone through!
Tweetables:
“A wholesaler’s golden goose is your ability to market, your ability to establish relationships, and close deals.”
“As I was saying yes to all that work, I was saying no to the stuff that really made me happy, the stuff that made my life worth living.”
“The right eyeballs on the right content as much as possible. If you focus on that, any business will blow up because what you will end up with is a massive pool of people saying I want to work with you.”
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!
Subscribe To The Flip Empire Show, and Leave a Rating & Review!
Alex discusses in this week’s episode how to maximize your opportunities when it comes to the leads that are already in your pipeline. Why spend so much in marketing dollars when you’re not leveraging it to the max? Alex has four suggestions on how you can do this so that you can stop being a one-trick pony!
Key Takeaways:
- Thank you so much for your feedback and for reaching out to Alex!
- More isn’t always more when it comes to your leads!
- Are you doing everything you can to maximize your lead potential?
- There are different angles you can use to turn your lead into a deal.
- Alex has four ways you can try: buy low & quick for cash, list the property, buy on terms, and do a novation agreement.
- Alex has been guilty of just being a one-trick pony and only trying to buy the house cheap.
- If you were a paid consultant to your own business, find the strengths, weaknesses, opportunities, and threats.
- Don’t have your calls go to an answering service or voicemail. They just don’t convert!
- Whoever answers the phone, make sure they don’t sound scripted!
- What is your business model?
- Always get your customer’s email address!
- Change your lead manager’s hours so that they call during times homeowners are home!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Tweetables:
“I guarantee you have existing opportunities in your CRM that you have yet to monetize.”
“You want to keep your marketing going, but make sure you’re not neglecting existing leads that you already paid hard-earned money for.”
“If I was coming in from the outside and I was looking at my business with a fresh set of eyes, where would I find the strengths, weakness, opportunities, and threats?”
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!
Alex was inspired by Pat Precourt’s recent talk about ‘The Code.’ It made Alex realize he had fallen off with his morning routine and he hasn't been as productive throughout the day. There are five steps to help you change your behavior and change your habits and Alex walks through each step with you, today!
Key Takeaways:
- Alex was really inspired by Pat Precourt’s talk about ‘The Code.’
- Alex is a huge fan of morning routines, but lately, he’s fallen off the wagon with it!
- Alex kept thinking that he ‘should’ get back on it, but always found an excuse not to! And he hated the feeling.
- Pat said something at the beginning of his talk, “If you really want to change, connect it to an emotional state.”
- What’s the net effect of a positive, successful day?
- Look at yourself in the mirror — you’re the only one to blame for your failure and your success.
- Alex shares five steps that will help you change your habits for the better.
- Step one: Awareness.
- Step two: Desire.
- Step three: Knowledge.
- Step four: Action.
- Step five: Perseverance.
- Change is not free!
- Alex is so proud to see so many breakthroughs happening in his ASCEND mastermind. Doors are open for a short period of time!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Connect with Pat
Tweetables:
“If you really want to change, connect it to an emotional state.”
“What is going to be the trigger that’s going to get you moving?”
“Focus on the emotion that creates the behavior so that you can allow change to occur.”
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!
Alex wants to help you set your business up for success before a market correction. The more complex your business is, the harder it’s going to be to recover if the market takes a turn for the worse. Is your business as simplified as it possibly can be? A bigger team doesn’t always mean a bigger revenue. It might be time to look at it and trim some of the fat.
Key Takeaways:
- Alex just hosted his first mastermind retreat in Miami with his ASCEND family, and it was a huge success!!
- How do you simplify your business? How do you accomplish more with less? And how do you lean out your business?
- Has you business become more complex over time?
- A bigger team doesn’t always mean you’ll have more revenue!
- Does your team bring in 3-5x what their compensation is?
- Alex knew there was a team member that wasn’t generating the results he was looking for and he held onto that person longer than he should have.
- Listen to your gut. It’s usually right!
- Alex shares an example about a tough deal he recently closed on.
- Remember, you get paid to solve problems!
- Enjoy this episode? Please make sure you're subscribed (and share it)!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Tweetables:
“We are heading into a period in the market where it’s going to shift and you have to analyse your business and put yourself in a position to prosper.”
“Is this business becoming more complex or is this as simplified as it can possibly be?”
“With every team member I have, are they bringing 3-5x what their compensation is?”
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!
Jim Huntzicker started his real estate career in 2005 as a way to spend more time with his young children. Fast forward to today, and he has closed nearly 500 deals and has rehabbed most of those. It was only until recently that Jim got out of the rehabbing business due to the changes in the market. On today’s episode, Jim explains how he was able to get into multifamily properties and even close on a deal that landed him a million dollars in profit!
Key Takeaways:
- What was Jim’s real estate journey like in 2005?
- How did Jim get into multifamily properties?
- Jim used to do rehabs up to 400k in repairs, but the market has changed too much.
- How did Jim close on a million dollar in profit property?
- How did Jim’s partner find the seller to this property?
- Why did the seller price the property so low?
- Jim explains why he chose to sell it vs. hold it.
- Why does Jim not like syndication deals?
- Jim set himself up for success by putting himself in a mastermind and taking action.
- After he closed on this million+ property, what did Jim do next to find his second big deal?
- What are some of the risks involved in multifamily properties?
- A lot of Jim’s research was network based. He learns best when he’s learning from other people.
- Want to connect and partner up with Jim? Click link below...
- How does Jim structure his partnership deals with other investors?
- What advice would Jim give to his younger self?
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Connect with Jim at Realestateinvestoracademy.com
Go here to partner with Jim on Multifamily Deals (nothing is for sale) - Jim's just looking to grow his network and partner with the right people.
Tweetables:
“The deals are hard to come by now. So there’s a right time and a wrong time. Right strategy, wrong market. I don’t think rehabbing is the right strategy until a year and a half ago”
“I had a contract to sell it for $2.3m, so I was able to show it to one of my lenders and they financed it 100% because we bought it so far under value and I could prove that.”
“There’s a lot more risk. You really have to do your homework and believe in yourself to pull the trigger.”
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!
Alex recently interviewed David Lecko, the CEO & Founder of DealMachine. It’s a product that Alex uses all the time in his business and in this episode, he dives into what he looks for in a property and how he uses Deal Machine to spot untapped properties in his market.
Key Takeaways:
- Alex answers some of your questions based on Episode 350 with David Lecko!
- The great thing about David’s service is that they have a training portal where you can train property finders to find the exact type of property you’re looking for.
- Alex shares his criteria for what he looks for.
- If you see old and busted up cars in the driveway, that’s a good sign that someone is looking to sell their house.
- Don’t just look for the vacant properties.
- Alex is looking to upgrade his membership plan with DealMachine to the enterprise level so he can add unlimited properties.
- Alex is working on a process right now to get in front of Uber and Lyft drivers.
- Alex just finished wrapping up his first Ascend mastermind retreat!
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let's Connect on Instagram: @alexpardo25
Episode 350: Why You Need To Use DealMachine Since Yesterday!
Tweetables:
“If you see a sign in the yard that says for sale or for rent, add those too, using the deal machine.”
“Sometimes when we drive around and we see a ramp, sometimes that indicates that it’s a wheelchair accessible property, we add those. Some cases those people might be looking to sell.”
“People are getting paid to drive around to pick people up and drop people off and I think those people would be the ones most open to getting paid an extra $12-20 bucks an hour.”
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!
David Lecko is the CEO & Founder of DealMachine, a driving-for-dollars software platform that makes it easy for you to get in front of motivated sellers. David created the platform out of his own frustrations when he was trying to get ahold of homeowners manually. Alex uses this service and cannot recommend it enough. Listen in to find out how DealMachine can help your business!
Key Takeaways:
- Alex’s cost per lead through other marketing channels is rising, DealMachine makes his job easier and more cost-effective.
- What are David’s thoughts about passive income?
- How did David first develop DealMachine?
- David is in the process of building his own rental portfolio.
- David followed the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) formula and it’s worked out great for him when it comes to building his portfolio.
- What are some of the benefits of DealMachine? How can it help you get more leads / deals / money?
- What’s the best way to find qualified property finders?
- David was able to add about 73 properties to deal machine in an hour-and-a-half (with photos).
- Don’t just add vacant properties, but target owner occupied homes as well.
- How accurate is the owner search?
- What other ways can you use DealMachine?
- David shares some client case studies and some of the successes his clients have seen.
- The more competitive the market gets, the more archaic the marketing becomes.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Deal Machine: Find off-market deals, automate direct mail campaigns, get in touch with the owner, and have your leads managed...in just 10 seconds
Rich Dad Poor Dad — Robert Kiyosaki and Sharon Lechter
Get the Cashflow Board Game
Tweetables:
“I was struggling with the follow-up process. I would drive, write down some address, and then go home. I realized I was totally wasting my time.”
“I didn’t start DealMachine with the intention of it being a business, but it’s awesome how it worked out that way.”
“If you can afford it, just pay one person hourly to find properties and they’re out there doing it 30-40 hours a week.”
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