Posts Tagged ‘flipping’

BTM 70: Buy, Fix and Flip Your Way To Financial Freedom with Javier Hinojo

Javier Hinojo is the owner of IQ REI, a family-controlled real estate company that buys, manages, repairs, and sells homes in the Raleigh, Durham, and Chapel Hill, NC area. He has extensive experience working with foreclosed properties, land development, lease options, and land contracts. Javier offers the kind of business that prides itself on having a quick response rate, professional experience, and simplified solutions that make clients’ lives easier. Javier has been married for 19 years and have 5 children with 3 still living at home. He has always been an entrepreneur (owning a few businesses, been bankrupt twice, day trader Forex, and more). Javier started investing two years ago and completed over 28 fix and flips and is on track do to over 50 by next summer. He is looking forward to investing into rentals, multi-family, and development deals in the near future.

 

Today, Javier talks to us about his journey from joining the military to becoming an real estate entrepreneur. Growing up, Javier always had an entrepreneurial spirit as a child seeing his parents run a locksmith business. He shares his story of attending a weekend seminar with a friend which opened his eyes to the possibilities in real estate. He realized that the buy, fix and flip business model was the best way to get started (the market was great, quick cash, also knew that fix and flip is still a job and doesn’t provide not residual income). He believes that the longer you go without doing your first deal, the closer you get to never doing one. You’ll hear about the lessons learned and experience using a hard money lender to finance Javier’s first deal. He also shares why investing in a coach is never a waste of money when getting started. Lastly, we wrap up the episode with a funny story about the “Wear Pants No Hands” video when Javier was looking to expand his team and why it’s importance to work with people who can think outside the box.

 

Key Points From This Episode:

  • How Javier incorporated his family into his fix and flip real estate business
  • The story of how Javier got interested in real estate by attending a weekend seminar
  • The concept of fixing and flipping and how the process works in real estate
  • Breakdown of what a wholesaler is, the benefits and how you can get started doing this today
  • The story of how Javier got into his first deal with little to no money and made $17K profit
  • Why you must have the right mindset when deciding to become a real estate investor
  • Hard Money Lender Financing: how to analyze and the process of getting a lender for your deals
  • What deed-to-deed is when doing fix and flip deals in real estate
  • Story of how Javier learned about the importance of cash flow and the story of his lowest point of his life (house payment was due, no money in the bank, and asking his kids for their Christmas money to help pay the bills) and what he did next to change his life for the better
  • Why investing in mentorship and coaching is never a waste of money
  • How taxes work in fix and flip deals and why you have to be creative with your money as an entrepreneur
  • Javier shares his story of showing the “Wear Pants No Hands” video to find the right team members

 

Links Mentioned in Today’s Episode

Javier’s Website: http://www.iqrei.com/

Wear Pants No Hands Video

Download any 2 audio books for free when you try audible for 30 days.: https://beforethemillions.com/book  

Javier’s Favorite Lifestyle Design App: Trello: Keeps track of everything, from the big picture to the minute details. https://trello.com/

 

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BTM 35: 6-Figure House Flipper Explains Do’s and Don’ts Before You Buy with Matt Aitchison

Wait! Before you invest or even flip your first property, there are a few things you should know. On today’s episode we interview a millionaire a few times over but more importantly an expert at “6-Figure House Flips”.

Matt Aitchison, a millennial entrepreneur, 7-figure real estate investor, speaker and avid adventurist. He overcame criminal charges, committed to doing the extraordinary on a daily basis, and decided that entrepreneurship would be his vehicle of choice to unlock the life he’d always dreamed of.

Fast forward to today, He has started several 6 and 7 figure businesses, he’s traveling the world, he get to work with some of the brightest minds on the planet, and most importantly, we’ve been able to sit down with him for an interview and share with you some of his greatest tactics.

 

Topics discussed on today’s episode:
  • How to get into your first flip
  • The value of a mentor
  • The right way to win over a potential home seller
  • The transition from flipping to investing
Links mentioned on today’s episode:

Traction by Gino Wickman

www.tripit.com

1 Hour Coaching with Daray 

 

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BTM 14: How She Quit Her Job in 11 Months by Flipping and Wholesaling with Arianne Lemire

On today’s show we welcome Arianne Lemire. Ari is a real estate investor, entrepreneur and Realtor in the Florida panhandle. Ari runs a company, GH Houses specializing in fix and flip properties as well as wholesaling. Coming from the Philippines, Ari has been living in the US for the past 3 years and she’s been involved with real estate investing for the last 18 months.

Ari is an outstanding example of pure will in that she went from being being a Medical W2 worker to quitting her job in the span of 11 months. In this episode we get more into Ari’s story, she shares with us on how she got started in real estate, her journey to reaching her goals and we discuss her why.

 

Key Points From This Episode:

  • Ari tells us more about her background and what she’s currently focused on.
  • How Ari was able to save money to invest in real estate while paying off student loans.
  • Learn how Ari gained real estate education through online research and Bigger Pockets.
  • Find out why Ari went from rental properties to flipping houses.
  • Listen as Ari explains how she set goals for herself and only once she reached her goals did she decide to quit her job to go into investing full time.
  • Understand what Ari’s mindset was like for her to be able to quit her job in 11 months.
  • Discover how your why can be a strength and a weakness at times.
  • Ari tells us more about her current goal of being able to give $1 million a year to charity.
  • Hear how Ari wants to build a community for people with special needs.
  • The differences between fixing and flipping and wholesaling.
  • Find out why it’s important to choose one direction to focus on in the real estate market.
  • Ari explains the intricacies of her business, how they got started as a renovation company and how their focus has changed over time.
  • Chris’s role in the real estate developments as he is currently a full time software engineer.
  • Discover how Ari works with investors looking for more short-term ways to diversify.
  • Ari’s best deal to date with their second property they bought.
  • Hear about one of Ari’s more challenging deals where she still managed to come out on top.
  • Discover what lessons Ari has learned through dealing with challenges in the business.
  • Advice on getting started and entering the real estate game.
  • Letting go of your fear of failure so that your business can grow and expand.
  • Discover what sacrifices Ari had to make to get to where she is today.
  • Listen as Ari shares why people are stuck before the millions because they aren’t able to take responsibility and they don’t know their why.

 

Tweetables:

 

Links Mentioned in Today’s Episode:

Arianne Lemire

Bigger Pockets

Bill Allen

Robert Kiyosaki’s book, Rich Dad, Poor Dad

Scott Trench’s book, Set for Life

 

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