44: Creating Systems to Flip Houses While Still Employed with Michael Woodward | Bigger Pockets Podcast
Trying to investing in real estate while holding a full time job is tough – but trying to flip houses can be even tougher. From dealing with contractors to finding money to getting the deals in the first place – flipping often feels like a full time job in itself. Luckily, today we talk with someone who is doing all those things while working a demanding day job – and finding great success at it. Michael Woodward sits down with us today to show us the systems he uses to balance both his house flipping with the rest of his life – all while maintaining a full time job. Whether you are a flipper, wholesaler, or Buy and Hold investor – you don’t want to miss this great interview on systemizing your business.
Read the transcript for episode 44 with Michael Woodward here.
In This Show, We Cover
Why Michael quit his job – but ended up going back into a full time job again
When’s the right time to quit your job?
Failure – when it’s necessary
Learning the tough lessons about doing your own work
One trick to help you find the very best contractors
What’s the “Ideal Flip?”
Why Michael fully furnishes all his properties
Dealing with troublesome neighbors
How Michael is funding his flips
Managing a flip while working a full time job
The List System that helps Michael know what comes next in a flip
The best place to buy appliances
and a lot more
Links from the Show
BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
Dropbox.com
8 Reasons Why Having A Day Job And Investing In Real Estate Is Awesome!
Books Mentioned in the Show
The Millionaire Real Estate Investor by Gary Keller
The 4 Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber
Tweetable Topics
The nice thing about BiggerPockets is the ability to share what we know. (Tweet This!)
If you’re going to go big you’re going to have to fail somewhere. (Tweet This!)
You can talk yourself into any deal. It doesn’t make it right. (Tweet This!)
The only way to invest in real estate while holding a job is to have systems. (Tweet This!)
Connect with Michael
Michael’s BiggerPockets Profile
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