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Updated almost 8 years ago, 01/11/2017

User Stats

32
Posts
1
Votes
Rav Ram
  • Developer
  • Los Angeles, CA
1
Votes |
32
Posts

House Flipping Secrets - Why Some Investors Succeed & Others Fail

Rav Ram
  • Developer
  • Los Angeles, CA
Posted

2 Replies

  • 01/10/17 06:03PM
  • Veterans Memorial Park 4117 Overland Ave, Culver City, CA (Rotunda Room)
  • Free

Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. There may be pitching of products, services or properties at this event!

House Flipping Secrets - Why Some Investors Succeed and Others Fail...

With special Guest Speaker

Justin Williams, Real Estate Investor: When I first started trying to flip houses more than 8 years ago, I felt overwhelmed by everything I needed to learn. My guess is that you’re feeling the same way right now. It doesn’t help that most “guru” courses and seminars barely scratch the surface and don’t give you the hard truths you need to learn in order to take real action.

I’ve been there. I’ve felt that frustration. It propelled me to create a business system that now flips around 100 houses a year with minimal involvement from myself. And it compelled me to create this website and these educational resources for others who are trying to learn to flip.

I don’t claim to know everything. But after flipping over 500 houses, I’ve learned a lot, and I learned it all the hard way.

On January 10th 2016, come hear Justin Williams talk about House Flipping Secrets - Why Some Investors Succeed and Others Fail...


Why is it that some investors are able to easily get several deals a month when others who have been in the business just as long or longer can't seem to find ANY deals?


Why are some investors making a 6 or 7 figure income while other investors who are working just as hard or harder are just getting by?


Why is it that some investors have freedom and are in control of their life and are able to spend more time with family and doing the things they love while others are stressed out, running ragged and can barely come up for air even though they seem to be doing all of the right things?


Given the nature of the world in which we live and the available technology we have at our fingertips it has never been easier to create massive wealth through Real Estate in a relatively short period of time.


Yet there are so many investors both new and seasoned who give up on their dream of creating a live of financial freedom and abundance through real estate because they just get stuck and aren't sure what they are doing wrong. And who can blame them. With all of the smoke out there and mis information being taught by so called Guru's who aren't even in the business anymore or "Creative Finance Geniuses" who are harder to understand than a 500 page legislation bill it is no wonder so many investors are struggling.

However statistically we know that more millionaires are made through real estate than all other industries combined. Think about that for a minute. More wealth is created through real estate than ALL other industries combined. Hundreds of thousands of real estate investing transactions are being done each and every year. Investors are having large amounts of success in every market in the US regardless of the market location or market conditions.

When you look at the numbers you will find that a small percentage of investors are the ones doing a large percentage of the deals and are getting deals on a weekly and in some cases daily basis. Getting more deals than they know what to do with, while the rest are working even harder and fighting over the scraps.

So what's the difference? Why are some investors able to buy all of the discounted houses they want and are making money hand over fist when some struggle just to get by?

HINT : It has nothing to do with...Intelligence, education, looks, or personality. It also doesn't have anything to do with where they live, how much money they have access to or their ability to rehab a house.

It's something completely different, and while with all of the smoke and noise there is out there at first it might seem complicated it is actually quite simple once you are able to cut through all of the clutter. It's cutting through the clutter that is the hard part.

It took me years to figure these things out, but once I did it changed everything for me.

The year was 2010. My wife was pregnant with our 3rd child and although we had done ok in previous years that year was a struggle and we were trying to figure out how we could get a loan or open up a new credit card to help pay the bills for that month. It had been several months since I got my last deal and if I didn't get one soon I didn't know what I would do. I would go to real estate investment clubs and would hear other investors saying there weren't any deals. I had been hearing this for years and learned to ignore it but I knew I wasn't getting any deals so maybe it was true this time...Maybe there really weren't any deals...Maybe there wasn't any money to be made in real estate anymore? Could it be?...

Finally I got a deal and it kept us going for a little bit but I knew we couldn't go on living like this for long.

Then one day I was reading one of my favorite business books the E-myth and it hit me! I was going about this business all the wrong way. I was spending most of my time looking for deals. This was taking all of my time and when I actually had a deal I would stop looking for deals and would focus on the house. It seems obvious now but at the time it was a huge eye opener for me.

I shouldn't be looking for or trying to find these deals at all. This was taking all of my time and didn't allow me to actually work on growing my business. I needed to have a system that would bring these deals to me! In fact I needed to have a system for everything. A system that didn't include my involvement...
So that is what I set out do do

Now I wish I could say it was easy but it wasn't. I did a lot of things wrong and I did a lot of things right but it finally worked and in 2011 we did 60 deals which was more than we had done the previous 4 years combined and in 2012 we did 120 deals and made our first 7 figure income.

I had finally figured it out and would never have to worry about how to find deals again.

Since that time I have worked with and coached a lot of investors. I have seen investors really struggle and I have seen investors dominate their market.
In fact if you ask my wife and some of my closets friends and colleagues they might tell you I am borderline obsessed with the topic of "Why Some Investors Succeed in a BIG Way While Others Flat Out Fail" and the truth is they are wrong. I crossed that line of obsession long ago.

It just really fascinates me that you can take 2 people in the same market who are similar in so many ways, work just as hard and yet one will dominate, make all the money they want, live the life of their dreams and the other while they seem to be doing everything right just doesn't get any traction.

The truth is that before I discovered these things in these investors. The ones that seem go get all of the deals I really didn't think there were any secrets in this business. You know fellow investors helping each other out, it's just what you do right? But then one day as I was talking to my friend I realized he was doing this one little thing that changed EVERYTHING for his business, and it was something he never told me about and since then I've been doing it and it's changed my business. I've since then noticed this same pattern with other high achieving real estate investors. They may share generalities with you but they all have their secrets. In fact most of the high end mastermind groups will only allow one person per market in their group because if they allow more then the people in the group won't share their secrets.

As I have studied these secrets I have narrowed it down to 12 things. Every investor who is making a high 6 or 7 figure income in this business is doing enough of these things well enough. Those who aren't doing enough of these things well enough are guaranteed to fail. It really has nothing to do with anything else but whether or not you are doing these 12 things. Do them or at least most of them and you WILL succeed. Don't and you WILL fail. It's really that simple, and it has nothing to do with what you might think.

When Ravash and Justin reached out to me to see if I would speak at their investment club I was reluctant. I really don't speak at many investment clubs these days, but we have bought some houses from these guys recently and made a lot of money from them and after a little bit of back and forth they convinced me but this really isn't something I do very often, but when I commit I commit and at this meeting I will be sharing all of these secrets. All I ask is that you don't share this information with everyone and let's just keep it to ourselves. If you are good with that then I'll spill the beans. Deal? ok I'll see you there. This is one event that you DO NOT want to miss.

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