#32: Luxury House Flipping, Finding Deals, and Discovering Your Niche with Will Barnard
Published August 22, 2013
70 min
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    Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview. Read the transcript to episode 32 with Will Barnard here. In This Show, We CoverWorking with family when starting outThe infamous occupant from hell…The transition from low-end flipping to high-end flippingWhere Will believes the market is goingWhen the 70% rule applies – and when it doesn’tHow to find comparable sales for unique homesWhen to use architects and interior designersThe crazy story of the “Seven Figure Spread” flipWorking with Real Estate AgentsAnd more!Links from the ShowForum thread about the recent Gmail changes Will’s Occupant from Hell Story on the BiggerPockets ForumsThe House Flipping Calculator on BiggerPocketsDocuSign Ink AppEchoSignHow to Negotiate: 7 Real Estate Negotiation Tips by J ScottBooks Mentioned in the ShowTrump Style Negotiation by George RossReal Estate Finance and Investment Manual by Jack CummingsTweetable Topics:“Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!)“Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!)“Everything you do in real estate- it’s all about the negotiation.” (Tweet This!)“There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!)“Experience is the Best Educator.” (Tweet This!)Connect with WillWill’s BiggerPockets AccountWill’s Website: www.BarnardEnterprises.com
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