194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio | Bigger Pockets Podcast
Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!
In This Episode We Cover:
Recap on last time Justin was a guest
Why he was afraid to close that first deal
Why he shifted to higher-end rehabs
Market dips — and how he proactively takes advantage of them
What key metrics he looks at when evaluating a deal
The profit spreads Justin looks for
Tips for finding contractors from lower end to higher end
How many deals he does now
How much he makes on each wholesale deal
Tips for creating criteria for prospective properties
How Justin does driving for dollars
His hoarder house story
What you should know about zoning restrictions that affect rebuiling a house
How to track a direct mail list
His experience quitting his job
His most exciting deals
And SO much more!
Links from the Show
BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
BiggerPockets Webinar
BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio
BiggerPockets Facebook Profile
BiggerPockets Forums
Dave’s Twitter Account
Brandon’s Twitter Account
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
The New One Minute Manager by Ken Blanchard
Tweetable Topics:
“When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
“If there’s a deal, you will find the money.” (Tweet This!)
“It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)
Connect with Justin
Justin’s BiggerPockets Profile
Open Letter Marketing
Email Justin
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