This is part-two of a question Audrey asked last week. Be sure to go to episode 23 to catch up on how to hire a great acquisitions manager, and to find out when it's the right time to hire certain people depending on the stage of your business. Today, Alex furthers the conversation by going into detail on how he finds his talent and pre-screens them. It can become costly hiring the wrong person for your company, which is why you want to take precautions to make sure the person you hire is the right fit for the job at hand.
Ryan Paliukaitis has had a ton of success in the real estate industry, but admits he's had some big, big failures too. This episode highlights how real estate flipping can go incredibly wrong, but more importantly how you can avoid these pitfalls. Ryan opens up and talks about his lawsuit, going against the planning board due to zoning restrictions, and more. It's important to learn from the mistakes of others, so be sure to stick around until the end to find out what were some of Ryan's biggest takeaways after recovering from his mistakes.
Alex received a question from Audrey asking when it was a good time to hire an acquisitions manager. He breaks down the people he hired, and in what order, to help give the audience a better idea of how he structured his business during the first few years. Some business owners might be afraid of sharing or splitting the profits, but Alex argues that it's a necessary part of scaling and growing your business. You can't do it alone! You need a team of all-stars!
Michelle Murray is a straight shooter who started her co-wholesaling business in 2009. Michelle has found great success in posting consistently to Craigslist, and shares some tips on how you can crush it there. She also has this ability to answer tough questions from buyers with grace. At the end of the day, honesty is the best policy. Be upfront with your buyer and always approach your relationship from a long-term perspective to keep getting deal flow.
Alex shares quick tips on how he has remained productive over the years. It didn't start out that way though, Alex realized he would wake up with anxiety most mornings and this was because he had no structure, no plan or a to-do list of what he should do next. We need structure in our lives, especially when we're running our own businesses. Don't let procrastination or the feeling of 'what next' take over in your life.
Dolmar Cross has successfully implemented strategies where he can now run both his wholesaling and rehabbing real estate business virtually. How did he do it? He built the vision for his dream lifestyle first and then worked on the business to support his dream. He realized in the beginning that he could not automate his business overnight, so he broke down each piece and task the business needed and found ways that he could replace himself from it. Find out more about his story and how he does what he does in today's show.
Alex would like to retouch on a topic he discussed a couple of weeks back. People have since reached out to Alex, asking him how they can improve their deal flow. But one of the things Alex has noticed the most, is that there is a lack of consistency in how many offers they're sending out. Alex believes people tend to get caught up in the technical aspects of their business and do not follow up with tasks that really matter – like sending out offers.
Justin Wilmot is a real estate investor first, and a real estate educator second. On today's expert interview, Justin discusses how you can build strong relationships with your cash buyers. Despite having thousands of cash buyers on a list, Alex only personally deals with about 15-20 people consistently, and Justin is also in the same boat. You need to develop strong relationships with these people, and that means you have to stop spinning your wheels and pick up the phone! Listen in for more to learn how.
Alex wants to stress the importance of creating systems in your business. When you have good systems in place, anybody can take a look at your business and fit right in. Alex talks on how you can put effective systems in your business and why you should always document the process and make sure it is still up-to-date three months later. Systems help make sure you're on the same page with your team and it also gives you a way to take yourself out of the picture.
David Corbaley is a firm believer that without a marketing strategy, no matter what industry you're in, your business is destined to fail. On this episode, David breaks down the different ways you can expand your marketing strategy without much hassle. There are many different promotional methods you can use for the real estate market and they are often times free. So, stop wasting money today and listen in to David's wise words.
In this quick episode, Alex discusses the importance of a morning routine and why getting up on the right foot each and every morning sets you up for success. To give you an example, Alex also talks about what is currently working for him and reminds the audience to keep testing the routine out until you've perfected what works for you.
Rob Swanson has been actively wholesaling real estate for almost 20 years. He loves to teach new and experienced real estate investors how easy it is to get into the wholesaling business and scale it to the next level. This episode, Rob talks about his strategy, the entrepreneur's trap, and cautions new investors to really take a step back and be aware of the risks they are making.
Alex's entire real estate team works virtually, so how does he do it? Alex does a quick breakdown on how he manages his team virtually by having a weekly team huddle. He also talks on the importance of having a strong team and breaks down who he hired and why when he was growing his business.
Trevor Mauch joins us today to talk about the best way to market your business from an SEO perspective. Trevor does a great job breaking down the tips and tricks you need to follow step by step. The benefit to working on an SEO strategy is that your ROI will only continue to climb once you've put in the legwork and persistence, so it can turn into a highly affordable marketing tool.
Alex discusses why you should always give your seller a different set of options and offers, when looking to purchase their home. He normally gives his sellers three options - a low cash offer, a owner fiance or lease offer, or a retail listing. By setting the seller up with these different options, they're more likely to agree to doing the deal with you and use you as their provider. However, if they're still unwilling to do a creative finance deal with you, do not throw that lead away! Alex explains how you can continue to put that lead to good use.
Erik Stark joins us again on The Flip Empire show to continue his discussion on how he structures owner finance deals. Erik and his business partner, Steve Mills, have sold over 400+ properties in the last 11 years, so Erik definitely has a lot of qualified experience and advice up his sleeves. Tune in to discover why Erik likes interest only deals and why he would rather have a big payday over a fixed monthly income.
Today's Q&A session briefly dives into how to successfully build a good relationship with the seller. Alex believes going straight in to talk about the property is a huge no-no and he would rather ease back and get to know the seller better, their purpose, and why they're selling the property themselves. When you take that extra step to understand the seller's needs and who they are as a person, it really does go a long way.
Erik Stark, full-time entrepreneur and real estate investor, has bought and sold over 400+ properties with his business partner, Steve Mills. Erik has trained with, learned from, shared stages and coached for the biggest names in the personal development and real estate niche. Today, he sits down with Alex and goes into great detail on how he structures his deal flow. No way could Erik share all these golden nuggets in one sitting, so come back next week for part two of the interview.
What is the difference between deep vs. wide marketing tactics. Alex is a firm believer of being a big fish in a small pond so that you can capitalize on deals quicker, and get those houses off the market faster. Find out what 'Go Deep' marketing is and how you can come out a winner.
Antonio Edwards is our guest expert on today’s show. Antonio's story is nothing short of amazing. By the time he graduated from high school, he already had a one-year-old son he had to support. Antonio was working several dead-end jobs and wearing himself thin before he discovered real estate investing. The first piece of advice he offers listeners on today's show is to have some form of mentor or coach to help you through this business. In this line of work, the only way for you to really learn the trade is to be hands-on and make mistakes.
Alex does a quick Q&A session detailing the process to find and attract eager cash buyers. Through this process, Alex is often able to find a buyer within 24 hours and he details the sales process involved in finding these people. Tune in for more!
Alex introduces two fellow wholesalers and rehabbers on the show, Gene Schroeder and Angelo D'Alessandro from Bank On It. Both Gene and Angelo have been flipping houses since 1997 and have sold well over 1,000 properties since. The Flipping Guys share their knowledge on what makes a successful real estate wholesaler, all the way from tips on finding the right partners to sharing a property case study.
Why is Alex and his team consistently able to get deals every single month? In this quick Q&A session, you'll find out the three things Alex does to keep his marketing campaign on point and generate quality leads that help him earn a great income month after month.
For Thursday's Q&A session, Alex discusses various ways you can get your marketing to stand out. He talks about some of the strategies he personally uses to get leads and also talks on why the follow up process is responsible for almost 70-80% of his deals. Listen in for more!
Today's expert interview on The Flip Empire Show features Cris Chico. Cris was the first person to develop and perfect the concept of virtual real estate investing – the ability to do deals from anywhere in the world with just your laptop. Cris offers some advice on how you can stand out from the crowd and tells it like it is. Many new real estate investors are often looking for that one 'secret tip' to succeed, but Cris mentions that it is often a combination of things that takes your career to the next level.
Welcome to The Flip Empire Show. This is an introductory episode to who Alex Pardo is and his experience in the real estate market. Learn his story and familiarize yourself with the format of the show. Alex will air one expert interview every Monday and then feature a deep dive session on some of your questions every Thursday.