181: Finding Deals & Scaling in a Competitive Market with Lauren Hardy

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 30 June 2016

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on! In This Episode We Cover: What to do when you hail from an expensive location How Lauren got started in real estate Her very first deal Why she loves condos Things to consider when investing in condos How she quit her job — and failed How she spent $25,000 — and got no deals Lauren’s tweaks to her direct mail marketing How she scaled to 2 to 3 deals a month How Lauren’s business works How she uses Podio to make her processes easier How she estimates rehab costs What exactly cash for keys is Flipping shows vs. flipping in real life How she funds her deals with hard money and private money lenders Where is she going with her business How many hours she works in a week And SO much more! Links from the Show BiggerPockets Webinar ListSource REISource Google Earth Darren Daily BiggerPockets Udemy Course Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Tax Strategies for the Savvy Real Estate Investor by Amanda Han Building Wealth One House at a Time, Updated and Expanded by John Schaub The Compound Effect by Darren Hardy The Entrepreneur Roller Coaster by Darren Hardy Tweetable Topics: “I love what I do, so it doesn’t feel like work.” (Tweet This!) Connect with Lauren Lauren’s BiggerPockets Profile Lauren’s Facebook Profile Lauren’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast,
0:02.7	Show 181.
0:04.9	Maybe at six months, that wouldn't have been smart to go,
0:07.3	OK, Lauren, this is not working for you.
0:09.0	You need to change something.
0:10.8	But instead, I waited all the way to nine months. but you know I don't I'm not a quitter
0:14.7	You're listening to bigger pockets radio simplifying real estate for investors large and small
0:21.8	If you're here looking to learn about real estate investing
0:24.4	without all the height, you're in the right place. Stay tuned and be sure to
0:29.1	join the millions of others who have benefited from BiggerPockets.com.
0:34.0	Your home for real estate investing online.
0:37.0	What's going on everybody?
0:38.0	This is Josh Dorkin, house.
0:40.0	The BiggerPockets podcast here with my co-host mr Brandon Turner what's up man not much it's
0:45.6	been uh actually it's been a good week it's been a good real estate week this week
0:49.7	not that i bought anything but i just hired a full-time contractor in-house.
0:53.4	Oh, yeah, that's a big step.
0:55.0	You got your fancy pants?
0:56.0	I know.
0:57.0	So you got a contractor, you got your racquetball partner kicking your butt.
1:01.0	We don't want to talk about.
1:02.9	That was really fun by the way.
	...

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