Overview

On this episode of Build Your Network, Host Travis Chappell interviews Luke Weber, a former real estate appraiser who has used his valuation knowledge to flip hundreds of properties across the country from single-family homes to apartment buildings and wrote the book The Flipping Blueprint.

Topics Discussed:

• About Luke Weber
  • He’s most excited that so many markets are exploding and there’s a lot of opportunity for people.
  • There are always going to be deals out there.
• Talk about your abundance mentality and how that affects your ability to get deals.
  • His group operates under an abundance mentality.
  • As you give back, you get back.
• How did you begin as a real estate appraiser?
  • He used to run a travel company at 19-20 years old – it was miserable with 18 hour days.
  • He took a few months off, living on savings.
  • He took a data entry job for a real-estate appraisal company.
  • Quickly got licensed as an appraiser.
  • Started flipping houses before the market crashed.
  • 2009 was his most profitable year as an appraiser.
    • He was willing to work hard.
  • How important were the years leading up to the market crash?
    • You have to be aware of your surroundings no matter how you work.
    • He started working directly for the banks.
  • Do you believe that what you know or who you know is more important, and why?
    • It’s a tough question because they’re both important.
    • It starts with a base of knowledge.
    • When you have conversations with people who are at a higher level, they’ll pull you up.
  • Talk about the proactive things you do to build your network?
    • Network laterally too, they might be doing things that you’re not doing.
  • How has hosting networking events impacted your network and bottom line?
    • His typical event costs him $5,000.
    • Indirectly from these events, they end up getting 2-3 deals.
    • His average profit margin on his flip deals is in the $25-30k range.
    • He’s looking for strategic partners, private money lenders, contractors, deals, etc.
    • You can go out and create your own stage.
    • It’s okay to start small with 1-1 coffee meetups.

The Random Round:

• What profession other than your own do you think it would be fun to attempt?
  • Travel writer
• If you could sit on a park bench with anyone for an hour who would it be, and why?
  • His dad, he misses him.
• How do you like to consume content?
  • Paper books.
• What is a book you would recommend.
  • The Entrepreneur Roller Coaster by Darren Hardy
• Give us a glimpse of your morning routine?
  • Wake up and hang out with wife
  • Stretch and do push-ups
  • Wakes son up for school
  • Heads into the office and gets after it.
• What is your go-to pump up song?
  • Sports radio
  • Bohemian Rhapsody
• What is something that you are not very good at?
  • Listening
• What is one place where we can find you the most?
  • Find him on Facebook – Luke Weber or The Flipping Blueprint Group

Tweetable Quotes:

• As you give back, you get back.
• If your hand’s always closed to giving, it’s also closed to receiving.
• It’s important to network laterally.
• You can create your own stage, it throws your credibility through the roof.

Resources Mentioned:

Buildyournetwork.co – Podcast website

BYN.media/fb – Facebook Group

The Flipping Blueprint – Book by Luke Weber

The Entrepreneur Roller Coaster – Book  by Darren Hardy