All Forum Posts by: Glenn Espinosa

Some people just have no common decency. Video tape your front lawn.

So, wait. What exactly does he want you to do?

Any number you get regarding rehab estimates via this forum should be taken with a grain of salt, especially since your original post left out WAY too many variables.

My guess is $40k - $70k but, again, that means nothing. Go out there and get bids, you're gonna have to do it sooner or later.

No way, is this real LOL

Don't make a business card. Unless you are someone that just oozes out value up front, these end up on my desk at the end of the day for a day or two and eventually in the trash.

With biz cards, your mileage may vary. Some investors I know are immediately turned off if you hand them an unsolicited biz card. Instead offer someone so much value that they BEG for your contact info at the end of the day. And then just write it on a napkin or something. Tell them you don't bother with biz cards because they're for people who like to pretend like they're taking the right steps but in actuality aren't - they'll understand.

Biz cards are overrated and every new wholesaler or investor has one. If someone wants to get in contact with you, they will find you. Remember I told you to look at what those people are doing and do the opposite.

There is no deal. Commissions alone is $21k. Subtract closing costs and the arbitrary -$10k+ because you're gonna spend more on rehab and sell for less and you're far in the red.

Move on.

There is no good resource on this stuff. You learn the most by getting out of your comfort zone and just doing. Seriously, you learn the most by getting out there, falling flat on your face, losing some money, and then having the guts to get back out there and apply what you just learned.

Anyway, coffee and lunch is overrated. Every newbie out there is at these meetings offering coffee and lunch, most get turned down. The ones who get a meeting will sit there and get a motivational pick me up by Mr. Experienced investor and then afterwards they are back at square one - "that was great but what do I do now?"

My advice, figure out a way that you can bring value to these guys and then they will really take you under their wing. Sit down and figure it out, it will take some brain power. You can start by figuring out everything all the other floundering wholesalers in your area are doing and do the opposite.

Here's some ideas, some probably horrible but if someone came up to me offering to do them, my ears would at least perk up:

- Put out bandit signs for them
- Handwrite letters for them
- Build them a website
- Put up craigslist ads
- Edit their blog posts
- Take pictures of their flips

The list goes on, the more work you do for Free the better...

Believe me, if you offer real value to these guys (lets face it a $15 coffee and lunch is not worth the time) they will open up their playbook, address book, and maybe checkbook for you in the future.

Just my 2 cents - mainly formed in the past 6 months from meetings with numerous new guys/gals, most who never act on my advice nor return the investment of my time as I had hoped.

Guys, I just wanted to share the best tool I've found to help with productivity.

The app is called SelfControl and its free for Mac users. Basically it allows you to list websites you want to block and then lets you set a time period for when you want the sites blocked. You can uninstall, delete, reboot your computer, reinstall software, etc. etc. You will NOT be able to access the blocked sites.

I've been allowing myself at most maybe 30 minutes of Facebook, blogs, news, sports, netflix, hulu, etc. for the past month and then I go straight into an 6 or 8 hr block period.

Seriously, it does wonders. You won't believe the amount of work you get done when you eliminate all the time sucks in your life.

Anyway, google the app name and try it out. I am in no way affiliated with them and for all I know its free.

Just wanted to share my little secret with the rest of BP nation.

(MODS please feel free to take this down or move it if I am violating any advertising policy)

Thanks for beating me to the punch J Scott and for being more eloquent, lol.

I was never a contractor but I might be able to add some insight.

One of the guys that has done work for me in the past recently flipped his first house. He did 75% of the work and contracted out the other 25% to his regular crew. In the end it took him 4 months to finish and the entire project from purchase to sale took about 6.5 months. He made about roughly $30k in profits from my estimates but that doesn't include how much he "paid" himself for doing the work. He came out pretty well but he wants to do more at the same time and realizes he can't continue to do the work himself if thats the case.

If you go at it and do all the work yourself, figure out how much your time is worth and if it is really saving you money. You may find that you make more as a contractor doing other people's jobs as opposed to your own.

Lastly, unless you truly enjoy doing the work, I think most flippers quickly realize early on that doing all the work themselves is not really building a scalable business that will make you wealthy but instead just another iteration of a J.O.B. that will keep you in the rat race.

Find a way to get out of the JOB so that your business works for you. This means that eventually you will need to put down the hammer and pick up the checkbook instead.