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The Flip Empire Show

On The Flip Empire Show, Alex Pardo brings you strategies, interviews, and insights for smart real estate investors to help grow and scale your real estate investing business. The Flip Empire Show was created for YOU, the smart real estate investor and entrepreneur. If you're looking for ACTIONABLE and SIMPLIFIED advice, Alex Pardo has you covered with his Master Class Expert Interviews, as well as the Q and A shows. Learn from real estate's heavy hitters, as Alex Pardo puts them on the hot seat to reveal their best strategies for running a profitable, scalable, and automated real estate business. Get a fresh perspective from a Real Estate Investor, Entrepreneur, and Coach that has flipped well over 500 homes. We're dedicated to adding value to you and your business, and bringing you the best content to help you make more money, build your empire, and experience freedom through real estate investing. For more strategies, and recommended resources, check us out at www.FlipEmpire.com. Disclaimer: The author, publishers, contributors and creators of this material are not responsible in any manner for any potential or actual loss resulting in the use of the information presented. The content of this publication is for informational purposes. No promise or guarantee of income or results is implied or suggested.
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Now displaying: December, 2019
Dec 30, 2019

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:

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!

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Dec 26, 2019

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.

Subscribe To The Flip Empire Show, and Leave a Rating & Review!

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Dec 23, 2019

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.


Subscribe To 
The Flip Empire Show, and Leave a Rating & Review!

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Dec 19, 2019

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

Mikemichalowicz.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.

Subscribe To The Flip Empire Show, and Leave a Rating & Review!

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Dec 16, 2019

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.


Subscribe To 
The Flip Empire Show, and Leave a Rating & Review!

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Dec 12, 2019

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.

Subscribe To The Flip Empire Show, and Leave a Rating & Review!

Dec 9, 2019

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.


Subscribe To 
The Flip Empire Show, and Leave a Rating & Review!

Dec 5, 2019

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!

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Dec 2, 2019

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!

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