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In my early 20’s, I learned a secret.
That secret is that…
THERE ARE A TON OF DIFFERENT WAYS TO CREATE MASSIVE WEALTH.
The opportunities are truly endless.
It doesn’t matter if it is real estate, the stock market, entrepreneurship, playing the guitar… or anything else! You can make money and build wealth when done the right way.
So, what I love to do is interview different people, from different backgrounds, with different areas of expertise. And to talk about one of the great vehicles of creating wealth, real estate, I brought on my friend Justin Williams of House Flipping HQ. Justin is a real estate investor, and more specifically, an expert house-flipper.
In this episode we cover a LOT of details on real estate, so you will have to be sure to re-listen to the interview and also check out his resources that he put together here.
In This Podcast, You’ll Learn:
- The 4 parts of a house-flipping business.
- Different models to flip a home without investing your own money.
- Why you never really arrive at wealth.
- A way to make 12% per year backed by a hard asset.
- Why making money is much easier than learning how to make money.
- The process of learning how to become wealthy.
- Why you should fail forward fast.
- The great skill of delegation.
And much, much more!
Best Financial Advice Ever Received:
- Take action, and take smart action. Get educated as early as you can, and fail forward fast.
Contact Justin:
- HouseFlippingHQ.com/yo – get a free gift for YoPro Nation!
Justin is someone that has been through the evolution of learning how to be a successful real estate investor and house-flipper. Now, he is doing what I’m doing, and creating a resource that we wish was around when we started our journeys towards wealth.
Take advantage of the people that have come before you, and the ones that were in your position several years ago. And, most importantly, take action.
Justin and I talk about this, and it is the most important thing. Avoid paralysis by analysis, and information overload. The real learning comes from on-the-job-training. This is true for anybody in any business, and is so true for investing as well.
Action Items:
- Check out Justin’s resource that he put together for more details about our discussion by clicking HERE.
- Learn. Start. Repeat.
Did you enjoy this episode? Do you want to create the life of your dreams? Click below to subscribe to YoPro Wealth so that you can hear more great guests share how you can build massive wealth:
Whoa, this episode was packed. I really enjoyed the conversation.
What?? 8 to 10 house flips a month? Wow. Loved this entire episode, especially the info on private money lending! I’ve been looking for a good explanation of this! Thank you!
He is a machine, Paul, and has really created an amazing business.
I learned a ton myself, and really loved the way that he broke things down.
Thanks for commenting!
Thanks Paul!
You bet Paul! Glad you found it helpful!
I know you know this but I didn’t start out flipping 8-10 houses a month. It took me 7 months of really grinding it out before I closed my first deal. Then I had about 3 years of flipping about a house a month, then it was like a lightbulb went off. Not sure what happened but it just all started coming together and that’s when we put the systems and resources together to be able to flip on such a high volume.
Thanks for the breakdown. I think you just get to know your systems so well, you can make it super efficient after a while. When you know it, you can rock it for sure!
Thanks Paul! I just realized I didn’t do a very good job of accepting your compliment so THANK YOU for your kind words! I really appreciate it! and yes you CAN make it super efficient over time! Like I said in the podcast. Making money isn’t all that hard. It is learning how and putting together your systems. “Nail it then Scale it!” 😉
Wow! You two in the SAME Podcast…AMAZING!! This is a great episode so packed filled with information. As an Engineer, I am afraid that I often fall into the “Analysis by Paralysis”. It is a great reminder to pull myself and out and take ACTION. The best way to learn any new thing is to by just doing it!! Thanks again!
Celest, I totally resonate with the ‘analysis by paralysis’ being an engineer as well.
I always recognized that the difference between the super successful and the rest is that key – TAKE ACTION. Do it, and you’ll figure it out.
Great comment. Thanks for sharing!
Thanks Celest! Yes that is correct! I think the key is differentiating the actions that can harm you financially and the ones that you can take without any true risk. Then you educate yourself and minimize the parts which could have a risk, and learn how to keep that to a minimum. But the bottom line is that you can take a LOT of action in this or any business before you reach that point! Keep it going!
Thanks for having me on Austin! Had a great time!
You’re welcome back any time, @disqus_RE7ZuYtPIr:disqus! Such a great intro into real estate investing.
Justin Williams is the man! His insight on creating systems is truly priceless. He is an amazing entrepreneur and glad to know him personally. If you want to start Flipping Houses Justin is your man!
He def. is the man, @disqus_v2tM0MleqS:disqus.
We can all envy his use of great systems! He knows that you do so many tasks repeatedly, and if you can outsource some, you can focus on the good stuff that shows up in the bottom line! So important to do.
What a match made in heaven! @Austin_YoPro:disqus AND @disqus_RE7ZuYtPIr:disqus speeking truth and wealth into people’s lives? WINNER! What I love about Justin is that he takes action in spite of previous “failures.” He knows how to fail forward, how to engage the right stakeholders and how to respect the process, moving past the noise and clutter. What a great episode, gents. Nicely done!
Ah, you’re too kind, @amberhurdle:disqus. Exactly – any successful entrepreneur faces an obstacle (daily!?) and views it as merely a stepping stone to their next success. Justin is no different.
Great summary and thanks for the comment, Amber!
I will show you how i make $800 a day from Youtube and Blogger for free! j