32: Luxury House Flipping, Finding Deals, and Discovering Your Niche with Will Barnard

BiggerPockets Real Estate Podcast

BiggerPockets

Business, Investing, Education

4.8 • 16.6K Ratings

🗓️ 22 August 2013

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview. Read the transcript to episode 32 with Will Barnard here. In This Show, We Cover Working with family when starting out The infamous occupant from hell… The transition from low-end flipping to high-end flipping Where Will believes the market is going When the 70% rule applies – and when it doesn’t How to find comparable sales for unique homes When to use architects and interior designers The crazy story of the “Seven Figure Spread” flip Working with Real Estate Agents And more! Links from the Show Forum thread about the recent Gmail changes Will’s Occupant from Hell Story on the BiggerPockets Forums The House Flipping Calculator on BiggerPockets DocuSign Ink App EchoSign How to Negotiate: 7 Real Estate Negotiation Tips by J Scott Books Mentioned in the Show Trump Style Negotiation by George Ross Real Estate Finance and Investment Manual by Jack Cummings Tweetable Topics: “Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!) “Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!) “Everything you do in real estate- it’s all about the negotiation.” (Tweet This!) “There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!) “Experience is the Best Educator.” (Tweet This!) Connect with Will Will’s BiggerPockets Account Will’s Website: www.BarnardEnterprises.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast, Show 32.
0:04.0	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
0:10.3	If you're here looking to learn about real estate investing, without all the hype, you're in the right place.
0:16.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:22.0	Your home for real estate investing online.
0:25.0	Hey what's going on everybody. This is Josh Dorck and host of the BiggerPockets
0:28.5	podcast. Today I am here with my co-host as always Brandon Turner.
0:35.0	Hey Brandon.
0:36.0	Hey Josh, what's up?
0:37.4	You need some hot tea buddy?
0:40.8	I might, do you hear it in my voice? You don sound too good man yeah I don't know my voice I woke up with kind of a scratchy voice
0:47.2	because kind of went to bed with one too that's all right I'm a whiner I'll get over it a little bit as as Queen once said the show must go on my friend
0:55.2	Queen show must go on thank you
0:59.7	she must go on. Yep, yep.
1:04.0	Can we continue?
1:08.0	Please.
1:09.0	Yes.
1:10.0	Yeah man, well I'm sorry you're feeling, but we're all happy that you're here for this episode.
1:16.7	So let's move on. It's going to be a great show and we'll move right into the
1:22.1	Quick tip. All right, into the quick tip.
1:23.6	All right, today's quick tip.
1:25.1	G-mail.
	...

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