114: Full-Time House Flipping with Jeremy Rubin

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.

Here’s what Travis and Jeremy discuss in this episode:

  • 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

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