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This is the first episode of the Flipping Junkie Podcast!!!!
In this introductory episode, I lay out the following:
- Who I am (Danny Johnson, well that was quick…)
- Why I started the podcast
- What to expect from the podcast
- How to subscribe on iTunes or Stitcher
- My simple request
The gist of who I am from the podcast
My wife and I were flipping houses part-time for about 3 years. A lot of people think that is a long time to wait before going full-time, but there was a lot of benefit in working this business part-time for so long.
We were forced to focus on the 20% percent of tasks that would produce 80% of results. This is Pareto’s principle that states that 20% of invested input is responsible for 80% of the results obtained.
We really only had evenings and weekends to operate our flipping business as we both worked full-time.
We had to figure out quickly which marketing methods generated great deals. We would take the kids with us and drive for dollars and when they got bored with it, we made games to see who could spot the vacant houses first.
We had to find contractors that had crews that could handle the entire rehab of each house so that I wouldn’t have to be there swinging a hammer.
This was huge.
When I finally went full-time I really didn’t know what to do with myself now that I had all of the extra time. So, if you’re like most people, use the fact that you are starting out part-time to your advantage. There is always a benefit and advantage you can derive in any adversity.
We didn’t start with a bunch of money either so we had to just focus on doing marketing on a shoestring budget and get a deal and then reinvest the profits almost entirely for more marketing.
We’ve now flipped over 200 houses and are still actively fix and flipping and wholesaling. We do have some rentals and do sell houses on owner financing as well. But our main business is rehabbing. That’s where the big profits are.
Why I started the podcast
The story of why I started this podcast shares a lot in common with why I started the FlippingJunkie.com blog back in 2011.
Went on a 3 week trip with the family up the entire west coast and decided that when I got home I was going to work at becoming a private pilot (for recreation).
I did that but my business suffered because I was so wrapped up in flying. It felt like I was starting over again with the house flipping and I decide to start blogging about it on this blog (FlippingJunkie.com).
Fast forward a couple of years and now in addition to flipping houses I’ve been developing software for real estate investors. We currently have LeadPropeller.com which allows you to have your own house buying websites to generate leads online. If you check out the 34 weeks of posts on the blog, you’ll quickly realize that most of my leads and deals come from my website. We also have a CRM system to help house flippers keep track of their leads and basically manage their entire house flipping business. That can be found at REImobile.com (it’s currently in beta and requires an invite).
Obviously flipping houses and running a software company can take a lot of time and that has forced me to up my game. Podcasting allows me to gain insight from other successful house flippers that I interview and help me to relearn lessons I’ve forgotten and new lessons I learn as I improve my business and share the process with you.
This leads us to what to expect from the podcast…
What to expect – First and foremost, what will make this podcast different from the other ones out there – I will interview more regular Joe investors and not just highly experienced flippers.
Not just going to give you pie-in-the-sky ideas about house flipping and constant pitches for products. I want for this podcast to be the go-to place for anybody just getting started flipping houses as well as for experienced investors that want to learn how to improve and grow their business. This is the place to get fresh, actionable advice on flipping houses.
If you want dry content without any stories about actual experiences, you should try a different podcast. I love sharing crazy stories about experiences we’ve had in our house flipping adventures and my guests have a lot of great stories to share as well and I’ll do my best to have them delve into detail so that you get answers to questions you have as we talk about each topic.
I plan on implementing some of the strategies recommended on the show in my own business and give follow up reports on later episodes. That way you can see what results I received which will allow you to know what to expect if you try the strategies out yourself.
We do what we preach.
We want to help you learn how to flip houses and avoid costly mistakes so that you can eventually quit your job and have financial freedom for yourself and your family. 🙂
Please Rate and Review
This is my simple request: If you enjoy the podcast and look forward to hearing a lot more episodes, I would be very grateful, happy, beholden and otherwise indebted to you to rate and review the podcast on iTunes.
It’s your choice and I do not want you to feel at all obligated. But I’d love it if you would subscribe and leave a rating and review.
Ratings and reviews allow the podcast to be seen by more people, which will help me achieve my goal of helping as many others as we can to get started in the house flipping business and change their lives.
Not sure how to leave a rating and review? Click here to view the instructions (it only takes 2 minutes)
How to Subscribe to the Podcast
There will be a brand new episode every single week, so be sure to subscribe and receive each episode as it’s released.