Our guest in today’s episode of the Real Estate Jam Podcast is the extraordinary house flipper, Facebook group owner, and author of The Flipping Blueprint and The Wholesaling Blueprint, Luke Weber! He gives his tips for your success in your real estate journey. From finding leads, and building your portfolio, to acting on the advice given to you, you’re guaranteed to learn something new.
The points below are from the 37th episode of The Real Estate JAM, where we talked about tips for success!
Tune in to the full episode on YouTube, Spotify, or Apple Podcasts.
The Agent-Investor Conundrum
Should you get a license? Are you ready to do business as not just a realtor but also an investor? Is it worth the risk and all the work needed? Do people understand what this entails and how they should be paying themselves when they are both the agent and the investor? How do you keep your windows open to find leads from all the opportunities that come your way?
In this episode, we will discuss all this and more.
You Will Make Mistakes
There’s no point in playing it safe or thinking that difficult situations will never happen to you. That’s because you do low-end rentals, you only flip houses, or you only deal with high-end rentals. Mistakes made in real estate make you a stronger businessperson. Don’t quit from one downfall!
Want to learn more? You can listen to the full episode on YouTube, Spotify, or Apple Podcasts.
Outline of the Episode:
- [00:48] Today’s guest is an extraordinary house flipper, Facebook group owner, and author of The Flipping Blueprint and The Wholesaling Blueprint, Luke Weber!
- [04:32] Before you get your license, you need to decide if you are investing as a one-off or if you are in it for the long haul. Remember, you, as a realtor, still need to get paid. As a flipper, you still need to get paid. Don’t combine those two because it’s two jobs.
- [10:23] How can you find leads for flipping houses? It depends on where you are looking, but the one thing that you need to remember is that the more connections and networking that you do, the more chances you have for deals.
- [12:54] As a buyer, it’s a continual thing whether you are new or experienced. You need to market yourself to people, and you need to let them know that you are out there and that you are buying. Networking is key.
- [17:21] Any real estate products, high-end or low-end rentals, and flips have their problems. You learn stuff as you encounter these different situations. Never think that it won’t happen to you.
- [24:24] What can you do when someone asks you for proof of funds when you want to flip a house? Here are some options: provide proof of funds, handle things with confidence to show that you are who you are, or simply decline and say that you’re not okay sharing bank information.
- [27:37] Building a relationship is important. If a seller feels comfortable with you, they wouldn’t even ask for proof of funds. Remember to build a relationship with your sellers, not just your buyers.
- [30:28] If someone keeps asking for advice, but they don’t do what they’re told to do, don’t entertain that person anymore. If they say they don’t have time, don’t believe them because someone who wants to take action will find a way to make things happen.
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- Email: jd@shorefront-investments.comor info@shorefront-investments.com
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