18: Flipping, Marketing, and Wholesaling with Danny Johnson

BiggerPockets Real Estate Podcast

BiggerPockets

Business, Investing, Education

4.8 • 16.6K Ratings

🗓️ 16 May 2013

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business. In This Show, We Cover: Why a mentor isn’t as important for your success as you might think. How to hustle while holding a full time job. How to use “driving for dollars” to get started. The CRAZY first deal that got Danny into real estate. Bandit signs… a great marketing plan OR a criminal activity? How Danny manages 8-13 flips at a time. The “Top Secret” method that Danny uses to find deals. Postcards vs. yellow letters : which is better? The best criteria for compiling a great direct mail list. Tips for creating a lead generating website and online advertising. Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Mastery by Robert Greene Flipping Houses Exposed by Danny Johnson Links from the Show Why Hiring a Mentor Might Not Be the Stupidest Thing You Could Do by Ben Leybovich Driving for Dollars Bible: Finding Distressed Properties and Marketing by Chris Feltus Driving for Dollars Bible 2: Tracking Down Owners & More Tips! by Chris Feltus Danny’s “We Buy Houses website” BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber Hard Money Lender Directory Danny’s Blog Post: 9 Reasons Why You Couldn’t Sell Your Wholesale Deal Tweetable Topics You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!) Always negotiate. (Tweet This!) When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!) Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!) Connect with Danny Danny’s BiggerPockets Profile Danny’s Blog FlippingJunkie.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 18.
0:03.2	You're listening to Bigger Pockets Radio,
0:06.4	Simplifying real estate for investors large and small.
0:09.6	If you're here looking to learn about real estate investing, without all the hype, you're in the right place.
0:15.8	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:21.8	Your home for real estate investing online.
0:25.0	Hey everybody, this is Josh Dorkin, the host of the BiggerPockets podcast,
0:29.0	here with my co-host Brandon Turner. What is happening in Random?
0:32.0	Hey Josh, not much has happened and what's happening with you.
0:36.1	Oh man just you know rocking out another show show 18 very excited to be here we've got a
0:45.6	An awesome awesome guest with us Mr. Danny Johnson. A little bit about Danny, Danny's actually, Danny's been around BP for
0:50.8	a while and certainly around the house flipping scene. He runs a very popular blog flipping junkie.com and he's also
0:58.6	one of our regular contributors on the BiggerPockets blog with a weekly column.
1:04.3	He's actually been investing since 2003 and has been full time since 06.
1:10.9	And I believe he and his company flipped somewhere between 25 and 30 houses a year.
1:16.0	He also wholesale, does buy and hold.
1:18.0	He's got a ton of insight that he can share to help us out and so we're super excited.
1:25.4	Before we get to Danny though, we've got something really important.
1:28.8	We gotta do our Quick!
1:31.3	Yes. N nailed it.
1:36.0	Here's today's quick tip.
1:37.0	If you guys have any questions or comments for any of the guests here on the podcast.
	...

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