Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!
In This Episode We Cover:How Will’s doing since the last time he was on the showThe famous 7 Figure FlipAll the details you want to hear about that flip!The 10 things you need to become a better flipperHow to know your marketThe importance of building a team before you buyThe members you need on your teamHow to find quality contractorsThe importance of negotiation as a real estate investorThe two numbers that you need in order to make an offerThe ins and outs of using leverageHow to build a reputation by taking care of your investorsThe importance of learning how to manage efficientlyHow to know where you can save (and where you shouldn’t) in flipping housesAnd SO much more!Links from the ShowDiary of a Seven Figure Spread (Forum Thread)BiggerPockets Flipping CalculatorBiggerPockets ForumsWill Barnard’s First BP Podcast InterviewBP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!The Occupants from Hell (Forum Thread)Books Mentioned in this ShowThe 10X Rule by Grant CardoneThe Book on Flipping Houses by J. ScottThe Book on Investing with No Money Down by Brandon TurnerA Million Bucks by 30 by Alan CoreyTrump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. RossRich Dad’s CASHFLOW Quadrant by Robert T. KiyosakiTweetable Topics:“You really need to get the boots on the ground to know your market.” (Tweet This!)“Trying to flip from afar is really asking for trouble.” (Tweet This!)“Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)“Listening to people negotiate is really helpful.” (Tweet This!)“There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)“You can’t be scared to fail because you’re going to fail.” (Tweet This!)Connect with WillWill’s BiggerPockets ProfileWill’s Company Website