#45 with William Barnard: Building your Flipping Business & Working with Seven Figure Properties

Millennial Millionaire Real Estate Podcast

English - August 06, 2020 20:17 - 1 hour - 145 MB - ★★★★★ - 56 ratings
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Previous Episode: #44 with David Krulac: Scaling to 1000 Real Estate Transactions and Making 8 Figures Over the Course of His Career

Next Episode: #46 with Cory Binsfield: Buy and Hold BRRRR Investor and Scaling to 100 Units

In this episode, Jonathan Farber interviews William Barnard on his road from persisting to his first deal cofinanced by his parents to flipping seven figure properties in Los Angeles. Will is a high-end luxury flipper now moving into construction. In this episode, we jump into topics like: out-of-state investing pitfalls, building a team, investing remotely, starting off in flipping, and more!

Top Takeaways:

Mistakes to avoid when investing out-of-state - 14:30 - 18:40

Make a realistic appraisal of operating costs

Decide your real estate strategy before starting to make transactions

If you’re looking for income, go for cash flow

If you’re looking to build wealth and capital, go for appreciation

How to build a team and start investing remotely - 19:00 - 24:30

Everything starts with education - get to your market

As you do research you will come across the people that can help you

Remember to try to add value everywhere you go

Find the most time-effective investments for you

Getting started in flipping - 25:00 - 31:00