The Flip Factor Podcast: Recent Episodes
Michael Green
Expert real estate investor Michael Green talks with some of the leading experts in house flipping to get the details on what it takes to create and scale a house flipping business in today's market.
In this episode I breakdown how “bad spending habits” are running your business into the ground! If you want to succeed in House Flipping, especially with the current market changes, you need to make the SHIFT to cost cutting and strategic spending.
If you’re looking for smart ways to cut costs and increase profits, here’s what we’re talking about at this week's training:
- How to track your budget like a hawk so you can cut spending to the bone
- And my simple weekly routine for keeping my flips on budget
Michael “More Profits/Less Work” Green
P.S. Whenever you are ready...here are 3 more ways I can help you build a profitable flipping business:
- Get my free Covid-19 House Flipping Action Plan
- Learn how to hire contractors so you can finish flips fast and below budget without the headaches. It’s all here on our FREE Cracking the Contractor Code Webinar
- Want my personal help on how to increase your profits on every flip? Click here to schedule a free “Laser Coaching” call. Whether we end up working together or not, you’ll walk away from this call with a step-by-step plan on how to build a profitable flipping business.
In this episode, I discuss the current state of the market with leading real estate experts Roger Blankenship, Steven Pesavento, and Dan Krynzel and what shifts they are making to thrive in this new market.
There's a LOT of misinformation going around about what’s really happening in the market right now.
We share our unfiltered thoughts on how COVID-19 is affecting the real estate market NOW...
...And what to expect in the next few months.
This is what's really happening on the streets and not what some news sources might lead us to believe.
You will be shocked at some of the strategies that are shared on this panel.
It ain’t all doom and gloom BUT there are some major shifts you will need to make if you want your business to thrive in this new market.
Michael “More Profits/Less Work” Green
P.S. - Whenever you are ready...here are 2 more ways I can help you build a profitable flipping business:
- Learn how to hire contractors so you can finish flips fast and below budget without the headaches on our FREE Cracking the Contractor Code Webinar
- Want my personal help on how to increase your profits on every flip? Click here to schedule a free “Laser Coaching” call.
Let's keep Cracking the Contractor Code.
Savvy house flippers are using my “trifecta” system to hack and optimize their layout of their flips.
And you can also use it to start multiplying your profits today!
And trust me it’s not what you think.
In this week’s episode of The Flip Factor Podcast, we talk about my top Design hacks for layout that will give your flip an EDGE over your competition and bring you more profits.
Here's what you will learn:
- How to create a design that will make your house stand out?
- Should you invest time and money into design?
- I’ll breakdown the “trifecta” of laying out a flip that sell fast
- How to redesign obsolete layouts and turn them into beautiful flowing goldmines
And finally, I’ll show you how being knowledgeable and skilled in design layout can help you reach your goals and become financially independent while loving every minute..
-Michael “More Profits/Less Work” Green
Dig this episode? Wait until you hear these… Episode 41 - How to Stop Going Over budget by Firing Your GC... Episode 7 - Estimating Repairs for Flips... Episode 18 - The Secret to Developing Real, Authentic Confidence... Whenever you are ready...here are 2 more ways I can help you build a profitable flipping business:
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Learn how to hire contractors so you can finish flips fast and below budget without the headaches on our FREE Cracking the Contractor Code Webinar
-
Want my personal help on how to increase your profits on every flip? Click here to schedule a free “Laser Coaching” call. Whether we end up working together or not, you’ll walk away from this call with a step-by-step plan on how to build a profitable flipping business.
I know you’re thinking flipping and renovations are easy from the hundreds of hours you’ve invested watching reality shows.
In this week’s episode, invest A FEW minutes of your time and listen as I share with you my personal lessons in Construction...
...and what the timeline of each project in a house flip should be, based on my years of experience and thousands of flips complete.
We’re going to talk about:
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How to use standardize pricing to speed up you flips
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How long should each project should take
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How many people should work on each project to finish quick and under budget
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How to communicate with a Contractor to motivate so they work hard and keep deadlines
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How to avoid the overall inefficiencies that will slow your flip down big time
In this episode, I walk you through how to know when your flip is 100% ready to be put on the market so you can beat your competition.
Personally, I get more hyped up at the beginning of a flip. I get so excited when I find a “turd” house that I know I’m going to transform into a masterpiece and get rewarded with money for my efforts.
Then I fizzle out when I’m close to the end, because I just want to sell the house and move on to the next one.
This is a big mistake that has cost me millions of dollars over the 11 years I have been flipping.
The end of the flip is when most flippers get lazy and that's what makes it an opportunity to multiply profits.
That's why in this week’s episode on the Flip Factor Podcast, I talk with Delante Desouza about the Final Inspection Checklist I use to make my flips stand out and sell for top dollar.
I’ll discuss what your mindset should be going into the final walkthrough of the house.
More importantly, I share what the buyer is thinking based on over 1000+ of flips I’ve completed throughout my career.
With these tools and systems, you can deliver what the buyers’ are expecting, and in return, make more profits than most of your house flipping competitors.
I’ll talk about:
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How to do a simple inspection that will ensure your house is in the high profit ozone.
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What corners contractors cut and how to fix them
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Major defects that scare off buyers and cause your property to sit on the market
Learn how to power-up your profits by power shopping fast and smart. In construction, there are timelines we need to follow to finish the project quickly and efficiently. Purchasing construction materials need to be systematic and organized. And sometimes when in a rush, we buy the most readily available materials and forget that a quick search on the internet or a quick phone call to a supplier. Taking a minute to do can save us thousands of dollars on each flip!
In this week’s episode, I talk to my partner-in-savings Delante Desouza on how to power shop for profits.
We will discuss:
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Which products do you spend time power shopping?
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Cheap VS Frugal
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Maximizing the internet & phone
I have had my share of struggles with a General Contractor (GC) calling all the shots which turns out more often than not… BAD for me. So today we’re going to talk about:
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Why you need to order your own materials versus depending on your GC
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How to order materials effectively in a timely manner
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Why you need my Standardized Price Matrix
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To buy in bulk or NOT to buy in bulk
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Power shopping VS Veteran Vendors
In this week’s episode, I continue talking with Delante Desouza about Contractors.
We discuss the step-by-step process on HOW TO pay your Contractor, so you don’t get ripped off.
This is a process I use everyday in my business and is based on 10+ years of flipping experience.
I’ll also share personal experiences, payment strategies and troubleshooting solutions with your Contractor.
While you can’t predict every problem that may arise in your Flip it’s important to be prepared and avoid getting blindsided by contractor problems.
You can lose time and worse… money... if you don’t have a system in place to navigate the minefields.
In this week’s episode, I talk with Delante Desouza about how to manage and stack contractors to meet your deadline
We'll go over:
How to “stack” multiple contractors to finish fast and below budget
How to "Pre-screen" your contractor to know if they will finish on time
How to communicate with your contractor effectively
This week’s episode takes me back to a dark time… Back when I was just starting out in the house flipping business and was dealing with headache Contractors who don’t deliver.
Don’t miss this important topic in our Contractor series where we discuss:
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Tell-tale signs of an Ineffective Contractor
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Changing that mindset of settling for a “good enough” Contractor
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How to FIRE your Contractor before they suck your profits dry.
In this episode, I talk with Delante Desouza about my standardized pricing.
We'll go over:
The differences between General Contractor (GC) vs a Sub-contractor
How to build your own Standardized Price Matrix
How to find, hire and negotiate with Contractors
In this episode, I talk with Delante Desouza about the 3 critical documents you need when dealing with contractors.
We'll go over:
Why contracts aren't as "safe" as you may think
How to protect your business using 3 simple documents
In this episode, I talk with Delante Desouza about how to stop going over budget on your flips by firing your GC.
We'll go over:
How GCs cause house flippers to go over budget
Why you need to manage projects yourself vs. hiring a GC
In this episode, I talk with Delante Desouza about how to design on a dime in house flipping.
We'll go over:
Why you need to start designing on a tighter budget
Where you can save money on your house flip designs
In this episode, I talk with Delante Desouza about my 3 steps to transforming into the leader that rockstar contractors follow.
We'll go over:
What you need to know - your numbers
How to have abundance with contractors
Why knowing your standardized labor hours is important
In this episode, I talk with Delante Desouza about my post-flip analysis system I use to get maximum results on every house flip.
We'll go over:
What is a post flip analysis
What you should be looking for with every flip
What you can do to start improving your house flipping results today
In this episode, I talk with Delante Desouza about how to stop change orders on your flips.
We'll go over:
Why change orders happen
How to prevent change orders from ever occurring
What to do when you're in the midst of a change order
In this episode, I talk with Delante Desouza about how to find and hire rockstar contractors.
We'll go over:
Best ways to find contractors
How to filter our great contractors from bad ones
How to create long-lasting relationships with great contractors
In this episode, I talk with mastermind student Nick Blackburn on his journey of getting his first deal with no money.
We'll go over:
How Nick got started in house flipping
The details on how he got his first deal
One tip for aspiring house flippers who don't have enough money to do their first renovation
In this episode, I talk with mastermind student Nicki Hubers Hall on her journey of getting her first deal while being a mom, realtor, and restaurant owner.
We'll go over:
How Nicki got started in house flipping
The details on how she got her first deal
One tip for aspiring house flippers who feel they don't have enough time to get into the business
In this episode, I talk with Chris Krimitsos, Speaker, Chief Creative Officer of Podfest Multimedia Expo, and Author of his new book "Start Ugly: A Timeless Tale About Innovation & Change"
We'll go over:
What is starting ugly and how does it apply to house flipping?
The process of starting ugly
One tip for aspiring house flippers suffering from analysis paralysis to help them take action and get results
In this episode, I talk with Steven Pesavento about The Importance of Mindset in House Flipping.
We'll go over:
3 mindset shifts that investors could make to start making more profits and winning more deals in their flipping business
Some of the ways Steven's used his mindset to improve his life and business
Why mindset is so important in house flipping
In this episode, I talk with Louis Di Bianco about The Power of Stories and How They can Enrich your Life and Business.
We'll go over:
Common stories we tell ourselves that hold us back
The power of story and why it's significant
How you can use stories to transform your house flipping business
In this episode, I talk with Delante Desouza about How much money you need to flip houses.
We'll go over:
The exact breakdown of how much money you need to flip a house
How to find money to flip a house
Common misconceptions about the "No Money Needed" mindset in house flipping
In this episode, I talk with Delante Desouza about How to achieve Complete freedom flipping 1-2 houses each month.
We'll go over:
The common myths new flippers say about flipping 1-2 houses each month
The top 5 systems needed to flip 1-2 houses each month
The numbers of a business that consistently flips just 1 house a month
In this episode, I talk with Delante Desouza about How to Become a Highly Profitable House Flipper.
We'll go over:
What all high profit house flippers have in common
The top 3 systems every high profit house flipper uses
How to know if your house flipping systems are outdated?
In this episode, I talk with Delante Desouza about how to overcome fear when negotiating with a seller.
We'll go over:
Top objections you'll hear from a seller and how to overcome them
How to find and win high profit flips in any market without a huge marketing budget
How to consistently find high profit flips whenever you need them
In this episode, I talk with Delante Desouza about why YouTube is making you lose money flipping houses.
We'll go over:
What some of the downsides to learning to flip houses onYouTube are
The spreading epidemic of YouTube house flipping "gurus" and why they may put you out of business
The remedy to learning to flip houses on theYouTube
In this episode, I talk with Delante Desouza about my simple two step system that I use to find all of my high profit flips.
We'll go over:
What 99% of investors are doing WRONG when trying to find deals
How to find and win high profit flips in any market without a huge marketing budget
How to consistently find high profit flips whenever you need them
In this episode, I talk with Ola Dantis on his journey to financial freedom through real estate and investing in multi-family properties.
We'll go over:
How Ola got started in multi-family investing with his first duplex
How to start financing multi-family investments through syndication deals
Ola's #1 to success in real estate
In this episode, I talk with Delante Desouza on the common house flipping myth that's worse than crack cocaine.
We'll go over:
What 99% of investors are doing WRONG when setting seller appointments and looking at the MLS
Why 80/20 Prospecting will revolutionize your business
How you can start closing more deals with less work TODAY
In this episode, I talk with Glory Fontah on how she went from struggling to find deals to finding 2 deals in 5 months using some simple HP5 strategies.
We'll go over:
Why traditional "house flipping gurus" will be the death of your flipping business
How to properly deal with the ebb and flow of house flipping
How to get started house flipping with no money or previous experience
In this episode, I talk with Delante Desouza on how Don from Wendy's completely transformed my house flipping business.
We'll go over:
Fatal mistakes investors make when trying to buy flips.
How overdelivering and exceeding expectations can transform your house flipping business.
What you can do TODAY to start making a positive impact on motivated sellers.
In this episode, I talk with New Jersey flipper Ray Masciangelo on Flipping Less Houses and Making More Money
We'll go over:
The #1 hack to making more money on each of your flips.
The best tips for new investors to BREAK into the game!
How "Scaling down to Profit Up" transformed his house flipping business
In this episode, I talk with Delante on the biggest threat to house flipping that we've seen yet.
We'll go over:
What is the biggest threat to house flipping?
What’re you should be doing differently to offset this threat?
One thing you can do TODAY to future-proof your house flipping business
In this episode, I talk with Delante Desouza on The Secret to Developing Real, Authentic Confidence When Talking to Motivated Sellers
We'll go over:
Why does confidence matter when dealing with motivated sellers?
What’s wrong with using tried-and-true sales tactics when dealing with motivated sellers? Do they not work anymore?
The BIG secret on creating confidence when talking to motivated sellers and inspire sellers to be confident in you!
In this episode, I talk with Delante Desouza on the new rules of house flipping that EVERY investor should know and follow.
We'll go over:
What is "caveman flipping"?
What are the new rules of house flipping?
In this episode, I talk with Delante Desouza on why goal-setting is a horrible house flipping strategy if you want to be successful in the business.
We'll go over:
What are the dangers of goal setting in house flipping?
What should house flippers do instead of set goals?
In this episode, I talk with my student Robert on how he made $75,000 on a deal he bought from a wholesaler by going above and beyond on his design scheme, layout, and positioning of his deal.
We'll go over:
Implementing "sizzle" features in your flips to SWMO (Sell With Multiple Offers)
How to create a competitive buying environment when selling your deal
In this episode, I talk with Matt Derby, who scaled his business from 0 rentals to 15 in only 5 months.
We cover:
- The BEST strategy for acquiring rentals
- The importance of creating a buying criteria when looking for rentals to purchase
- Foolproof ways to lock down financing for growing your rental portfolio
In this episode, I sit down with Delante Desouza as we share some of the magic numbers that all successful house flippers use to determine how effecient their house flipping business is.
In our conversation, we discuss:
- Why 99% of house flippers out there are "Caveman Flipping"
- How to determine if you're running a High Performance House Flipping Business
- One secret you can use to "trim the fat" and start operating more efficiently in your house flipping business
In this episode, I talk with Delante Desouza on which is better: Flipping or rentals?
In our conversation, we talk about:
- The pros and cons of flipping and owning rentals
- The best investment strategy for each
- The #1 tip to land great flips AND rentals
From finding the deal to closing the contract, there's a TON of things that most average house flippers DON'T do that keeps their business and profits small.
But how do you become part of the 1% of expert house flippers that are crushing the business with ease?
In this episode, I sit down with Assistant Coach Delante Desouza to talk about how house flipping experts are still finding deals in today's market.
In this episode, we discuss:
- What marketing methods are working in today's market to find deals?
- The IDEAL client to target to get deals.
- The absolute best strategy to increase your profits without adding extra stress to your business.
In the house flipping business, nothing is promised. We face surprises and new challenges everyday.
But what about the dark side of house flipping? How do you handle the things that you don't see coming?
In this episode, I talk with my student Faisal Morsi about his experience dealing with the ups, downs, twists, and turns of flipping his first house.
In this episode, we talk about:
- How Faisal went into a flip with less than $5,000 in his pocket
- Why flipping a house is more valuable and less expensive than a college degree
- Important things to watch out for when going into your first flip
In this episode, I talk with Delante Desouza about the 5 steps every new investor has to take to get started flipping houses successfully.
In this episode, we cover:
- How to find the HOTTEST areas to flip in
- Grave mistakes to avoid as a new house flipper
- A blueprint any new house flipper can follow to start flipping houses consistently
If you're interested in real estate or looking to get into house flipping, this episode is a MUST-LISTEN!
In this episode, I talk with Tyler Sheff of The Cashflow Guys about how to negotiate like a pro.
We talk about:
- The "new" way of negotiations
- The #1 key to a successful negotiation
- How to become an expert negotiator
If you're looking to get into house flipping or are looking for more tips on how flip houses more efficiently, then this episode is a must-see!
In this episode, I sit down with Sabrina Franco as we uncover how to win deals on the MLS in a hot market. We share:
- Why people say the MLS doesn't work anymore and what you can do about it
- The rules of the MLS and what kind of strategy it takes to win
- How you can start making offers on the MLS that get accepted more often
If you're looking to get into house flipping or are already in the business, this episode is a MUST-SEE!
In this episode, I sit down with Coach Delante as we go over how to estimate repairs for house flipping. We share:
- The #1 strategy for learning how to estimate repairs
- Why the "70% Rule" doesn't work
- How you can start estimating repairs like a pro almost immediately even if you've never renovated a house before
If you're looking to get into house flipping or are already in the business, this episode is a MUST-SEE!
In this episode, Coach Delante joins us again as we brainstorm and share the best tips for how you can drive for dollars.
We go over our most recommended tactics for driving for dollars when you're just starting out in the business, as well as some ways to make the time you spend looking for houses to flip much more effective.
In this episode, I talk with Mark Owens, expert landlord with over 100 rental properties in his portfolio on how you can start and scale your rental portfolio. We share the best strategies to start a rental portfolio, what to look for in a good rental, and the best business practices to follow when scaling a rental portfolio.
In this episode, I talk with Coach Delante, coach at the Flip Factor, on how investors can get started in house flipping for little to no money. We share how to get involved with no money, how to find the money to invest, and what to do once you make money.
In this episode, I talk with Jason Balin of Hard Money Bankers, LLC, to uncover the top tips every house flipper NEEDS to know when working with hard money lenders.
In this episode, I talk with Charles Blair, also known as "The Mad Scientist" of Marketing, about his top-secret marketing approach that's been producing CRAZY results for him!
In this episode, I speak with Josh McRay, PPC expert at Leadpropeller, where we talk about Pay-Per-Click marketing and how Josh is using it to help investors win more deals.