For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more.
In This Show, We Cover:Why it took Justin three attempts to get into real estateHow Justin overcame “Analysis Paralysis“Making less than minimum wage on the first flipThe 5 documents you need to get from your contractorsHow a contractor stole from Justin and his businessWhen it’s okay to make nothing on a flipBuilding a business plan to help you succeedDirect mail marketing to motivated sellersPartnering with others when flipping housesHow Justin can flip three houses, at the same time, while working a full time jobTackling HUGE rehabs as a newbieAnd LOTS more!Links from the ShowI’m a Lumberjack song…How To NOT Make Less Than Minimum Wage on Your House FlipsBP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy MoncriefBP Podcast 050: Getting Started and No Money Down House Flipping with Mike SimmonsEvents and Happenings ForumListSource.comBP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroyToday’s QuickTip: Diary of a New Construction ProjectDownload “BiggerPockets Presents: Diary of a New Construction Project“The Book on Flipping HousesThe Book on Estimating Rehab Costs Books Mentioned in the ShowThe ABCs of Real Estate Investing by Ken McElroyThe Four Hour Workweek by Timothy FerrissTweetable Topics“The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!)“A business plan shows you are serious about your business.” (Tweet This!)“You never know when the next deal is going to happen – so never quit!” (Tweet This!)Connect with JustinJustin’s BiggerPockets ProfileJustin’s Blog: TheBostonInvestor.comJustin’s Show: JS2Homes.com