#66 with Bill Allen: How to Flip 200 Homes a Year with Former Navy Pilot - Bill Allen
Millennial Millionaire Real Estate Podcast
English - September 04, 2020 15:53 - 1 hour - 161 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Bill Allen on his road from first dabbling in buy and hold rentals to finding his stride in high volume flipping. Bill is a Nashville, Tennessee based flipper and wholesaler turning nearly 200 deals a year with his team. In this episode, we get into topics like: breaking your barrier to real estate, how to scale to the size you want, growing your real estate business, and more!
Top Takeaways:
Pushing past failure and finding your feet - 13:15 - 17:00
Even after what may seem like an astronomical loss, success is still out there
All your sweat and effort is for naught if you give up
Keep perspective pm your long term goals, not just your first step
Don’t let your failures define your future
Scaling to the size of your goals - 30:00 - 36:00
Identify your goal and your why - mindset is crucial
Your goals can evolve along the way, but you have to set them first
Establishing your core values will help you make hiring decisions
Estimate the value of your time by your total income and the total time you worked
Identify what you’re spending your time on and write it all down
Anything that is worth less than your time should be outsourced
Growing your real estate business - 54:00 - 1:00:30
Flipping requires deals and money
Wholesaling requires leads and buyers
The easiest start is with one marketing channel
Establish a six month marketing budget
Once you’ve perfected the first channel, add another one
At a minimum, track how much money you make for each dollar you spend
How to bring value to Bill Allen:
Introductions to smarter people
More investment
Ways to expand impact
Speaking opportunities
Resources:
Book by Michael S. Hyatt: Free to Focus
Social Links:
biggerpockets.com/users/gte939h
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
FaceBook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA