58: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio | Bigger Pockets Podcast
For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more.
In This Show, We Cover:
Why it took Justin three attempts to get into real estate
How Justin overcame “Analysis Paralysis“
Making less than minimum wage on the first flip
The 5 documents you need to get from your contractors
How a contractor stole from Justin and his business
When it’s okay to make nothing on a flip
Building a business plan to help you succeed
Direct mail marketing to motivated sellers
Partnering with others when flipping houses
How Justin can flip three houses, at the same time, while working a full time job
Tackling HUGE rehabs as a newbie
And LOTS more!
Links from the Show
I’m a Lumberjack song…
How To NOT Make Less Than Minimum Wage on Your House Flips
BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief
BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons
Events and Happenings Forum
ListSource.com
BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
Today’s QuickTip: Diary of a New Construction Project
Download “BiggerPockets Presents: Diary of a New Construction Project“
The Book on Flipping Houses
The Book on Estimating Rehab Costs
Books Mentioned in the Show
The ABCs of Real Estate Investing by Ken McElroy
The Four Hour Workweek by Timothy Ferriss
Tweetable Topics
“The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!)
“A business plan shows you are serious about your business.” (Tweet This!)
“You never know when the next deal is going to happen – so never quit!” (Tweet This!)
Connect with Justin
Justin’s BiggerPockets Profile
Justin’s Blog: TheBostonInvestor.com
Justin’s Show: JS2Homes.com
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