Overview

On this episode of Build Your Network, Host Travis Chappell interviews Jeremy Rubin a full-time house flipper who taught himself how to wholesale and flip houses to create the life he always wanted.

Topics Discussed:

• About Jeremy Rubin
  • Currently flipping houses in California, Oregon, and Washington and has students all over the country.
  • Average profit per flip is over $37,000 dollars.
  • Recently spoke at IMG expo along with Gary Vee.
  • Just opened up a new office last week.
  • Scaling has been his number one focus and things have been lining up.
• Talk about your corporate life before flipping.
  • He always knew he wanted to own his own business but wasn’t sure what kind.
  • It took him hitting rock bottom at his corporate job to realize he had to figure something out.
  • The flipping and wholesaling idea didn’t come about until five years ago.
• What did your first flip look like?
  • He had some ideas and his training came from YouTube and podcasts.
  • He knew if he had a big enough spread, he’d be okay.
  • What is a wholesale deal?
    • When you’ve got an agreement that a seller will sell you a house at a certain rate.
    • You can assign your ability to buy it to someone else for a fee.
    • You collect the fee for connecting the seller to the buyer.
  • It took him almost a year to get his first deal
    • Once he figured out how to market and put out ads.
    • There was a big learning curve to figuring out the process.
  • What does teaching house flipping look like?
    • He shows people everything he wishes he could have gotten one place.
    • He wants to be the person he needed when he first started.
    • The teaching is over 8 courses and teaches you everything you need to know.
    • His first student to get a job the fastest made $10,000 on a wholesale deal 30 after he started marketing.
  • Do you think that getting financing or finding deals is the most difficult part?
    • Finding deals is the most difficult part.
  • How do you go about finding deals?
    • Connections with real estate agents.
    • Putting out Craig’s List or classified ads.
    • Facebook groups.
    • For Sale by Owner
    • Driving for dollars.
  • Paid Marketing
    • Direct mail still performs great
      • Yellow letters, postcards, etc.
      • You’re scaling up your marketing to a much larger pool of sellers.
      • What kind of a budget do you need to do a mailing campaign?
        • $500 a month for 6 months.
        • One wholesale deal helps you make that money back
      • The start will the free methods, you can even use hand-written letters
    • How many offers does it take you to solidify a deal?
      • 1 out of 15-20 will go through.
      • The industry average is 1 out of 30.
      • It depends on what you’re offering and how aggressive you are in your offers.
    • Do you believe that what you know or who you know is more important and why?
      • If you can access other people’s strengths and leverage what they do best, you’ll be successful.
      • There’s so much power in developing relationships
    • What is one of the ways you’ve been able to add more value to people than you ask of them?
      • He got into the education side of flipping because he knew that would add value.
      • There are a lot of other people who are looking for a way out of corporate, flipping can be it.

The Random Round:

• • • What profession other than your own do you think it would be fun to attempt?
      • Test driving sports and exotic cars
    • If you could sit on a park bench with anyone for an hour who would it be, and why?
      • Benjamin Franklin
      • To get his thoughts on current society, and his take on technology.
    • How do you like to consume content best, books, blogs, podcasts, or videos?
      • Audio and video – podcasts and YouTube
    • What’s a podcast you listen to a lot?
      • Bigger Pockets
      • House Flipping HQ
    • Give us a glimpse of your morning routine
      • Wake up and Workout
      • Dive into the day
    • What is your go-to pump up song?
      • Tiesto and Diplo – c’mon
    • What are you not very good at?
      • Answering questions on the spot
    • What is one place where we can find you online?
      • Jeremy Rubin on social media @thefriendlyflipper

Tweetable Quotes:

• Anything can be for sale if you make an offer on it.
• If you can access other people’s strengths and leverage what they do best, you’ll be successful.
• The best things in life happen outside your comfort zone.

Resources Mentioned:

Buildyournetwork.com– Podcast website

BYN.media/fb – Facebook Group

Friendly Flipper Academy

Bigger Pockets podcast

Lightspeed VT