Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!

In This Episode We Cover:

• How Will’s doing since the last time he was on the show
• The famous 7 Figure Flip
• All the details you want to hear about that flip!
• The 10 things you need to become a better flipper
• How to know your market
• The importance of building a team before you buy
• The members you need on your team
• How to find quality contractors
• The importance of negotiation as a real estate investor
• The two numbers that you need in order to make an offer
• The ins and outs of using leverage
• How to build a reputation by taking care of your investors
• The importance of learning how to manage efficiently
• How to know where you can save (and where you shouldn’t) in flipping houses
• And SO much more!

Links from the Show

• Diary of a Seven Figure Spread (Forum Thread)
• BiggerPockets Flipping Calculator
• BiggerPockets Forums
• Will Barnard’s First BP Podcast Interview
• BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!
• The Occupants from Hell (Forum Thread)

Books Mentioned in this Show

• The 10X Rule by Grant Cardone
• The Book on Flipping Houses by J. Scott
• The Book on Investing with No Money Down by Brandon Turner
• A Million Bucks by 30 by Alan Corey
• Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. Ross
• Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki

Tweetable Topics:

• “You really need to get the boots on the ground to know your market.” (Tweet This!)
• “Trying to flip from afar is really asking for trouble.” (Tweet This!)
• “Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
• “Listening to people negotiate is really helpful.” (Tweet This!)
• “There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
• “You can’t be scared to fail because you’re going to fail.” (Tweet This!)

Connect with Will

• Will’s BiggerPockets Profile
• Will’s Company Website

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