The Science of Flipping - Episode 26: It's a process over time, keep working | Real Estate Investing Podcast

Episode Date: February 28, 2014

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Welcome to another podcast of Science of Flipping. I'm your host, Justin Colby, and I welcome you guys today. For those who are your first-time viewers or listeners, I'm here at our home office at Phoenix Wealth Builders. Actually, this is my first time using Google Hangouts. I know this is going to end up going live on YouTube and you're going to be able to see me and watch me. So welcome to all of you who are going to be watching me live.

Today is actually a Sunday and I'm in the office and we have a lot of work going on. We have a lot of deal flow here in Phoenix and we're very excited about that. We've really upped our marketing and really gone after a large amount of deals this year. So very excited. I figured today was a Sunday. And the main reason why I felt the need to give you this podcast is for all of my dedicated listeners. I know this podcast is all about striving to create a fix and flip business so that

you no longer have to be swinging the hammer, so to speak. You no longer have to be doing all the work yourself, so that a lot of the work you can do from the comfort of your own couch or while you're on vacation and building the systems in your business so that when you're up and rockin' and rollin' and you're doing 5, 10, 15, 20 deals a year, you don't feel like you're doing it all yourself. So today's podcast really hit me today because I went to church this morning and I heard a message that was really profound regarding life. And I took that and I actually thought, you know,

this would be great for my listeners to hear. And the message very simply is, it's a process that happens over time and you have to keep working at it. Now, obviously, that was in a certain realm in church that we're speaking about, but really I brought that into our business life and here for the Science of Flipping, I wanted to give that idea to you guys around business. You see, Eddie and I, my business partner, we didn't always start out or we didn't start out as successful as we are today. We knew as long as we hang in there and had our determination and we decided to keep driving forward and never giving up, our success would come.

I really believe that for all of you out there who maybe have had a certain amount of success or maybe for you that have just started, always have in your mind that this is going to be a process. It took us nine months to get our first deal done and now we're doing nine deals a month. So the difference is obviously seven years of work but also we understood it was going to be a process over time and we had to keep working at it. And our success has grown each and every year.

So understand, if you're just out there, just getting started and you want to be flipping two to five homes this year and you haven't got your first deal, don't worry, you will. If you're flipping 10 homes and you want to figure out how to get to 20 homes a year, you're going to get there as want to figure out how to get to 20 homes a year, you're going to get there as well because it's just a process. Now, a lot of people have been emailing me a lot of different questions, and I'm happy to answer all those questions. In fact, if you do want to hear more from me or ask me certain questions, feel free to email me at info at thescienceofflipping.com. Again, it's info at thescienceofflipping.com.

I'm happy to speak with you one-on-one. I'm happy to help you out and even bring my team with me to see if we can help you reach your goals. But again, today's quick tip is more motivational because too often do I see a bunch of my students who give up after a year. We got two deals done in our first year, two. I think we made 14 or 15 grand total.

Don't give up. Keep putting the processes and systems in place. Keep listening to my podcast. Get over to the website, thescienceofflipping.com. Get the free e-book. There's a free e-book, The 15 Most Costly Mistakes You Can Make in Today's Real Estate Market. It's free. Get that. Don't make the same mistakes we made. Right, guys? Listen, I thank you for being here. This is another great quick tip for the science of flipping. I've been your host, Justin Colby. Again, if you have more questions, you want to hear more from me or work with my

team, go ahead and email my assistant at info at the science of flipping. I'll talk to you guys soon. Bye.