209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 12 January 2017

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over. In This Episode We Cover: How Kevin went from a straw-built house to flipping 1,000 houses What a bank-owned product is How he built a system that works What you should know about probates How to think like an investor instead of an agent Things that could screw up a deal The two components that make a deal successful Why you should consider holding costs Buying properties offsite Insight on quality control and scaling the business How to stay ahead of the flip Why he partners with real estate agents Why his partners need him His favorite deals and why The bad deals he’s encountered Thinking big when it comes to setting targets Who your friends are so important And SO much more! Links from the Show Path to Purchase (visit your dashboard) BiggerPockets Forums Gobundance Books Mentioned in this Show The Real Book of Real Estate by Robert Kiyosaki The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber MONEY Master the Game by Tony Robbins A Journey to Financial Independence by Kevin Carroll Tweetable Topics: “Everything is based on relationships.” (Tweet This!) “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!) “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!) “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Website (with his spreadsheet) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If we do that by putting 40, 50,000 dollars into a house and then sell it back, I like to say it's kind of a win for everybody.
0:06.7	The bank that sells the asset wins because they sold the property. They don't want it.
0:11.1	The real estate agent won because they got a portion of the profit.
0:14.8	I win, my investor wins, Home Depot wins, the new buyer wins because they are getting a beautiful new home,
0:22.4	and the bank wins again because they're getting a beautiful new home and the bank wins again because they're getting a mortgage again.
0:25.0	Like there is no lose in this situation.
0:28.0	This is the BiggerPockets Podcast.
0:31.0	Show 2009. You're listening to bigger pockets radio simplifying real estate
0:38.2	for investors large and small. If you're here looking to learn about real estate investing without all the height, you're in the right place.
0:46.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:52.0	Your home for real estate investing online. benefited from BiggerPockets.com.
0:52.6	Your home for real estate investing online.
0:55.6	What's going on everybody?
0:56.5	This is Josh Dorkin, host to the BiggerPockets
0:59.2	podcast here with my co-host, Mr. Brandon's going on man hey nothing's changed since
1:05.7	the last time we talked because that was like yesterday we recorded that was yesterday
1:08.5	but no things are good that is not that is that is not true. Not true.
1:13.0	There is something.
1:14.0	Oh, Josh shaved.
1:15.0	I didn't even notice that.
1:16.0	He no longer looks like a homeless guy.
1:18.0	This is great.
	...

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