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BiggerPockets Real Estate Podcast

63: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 27 March 2014

⏱️ 95 minutes

🧾️ Download transcript

Summary

Today on the BiggerPockets Podcast we are thrilled to bring back one of the most popular guests we’ve ever had, J Scott. Last time we dug into the process of house flipping, but today we dig much deeper into the “business” of real estate investing and explore ways to automate your real estate investing business so you can spend less time working and more time doing the things you love. We also learn all about J’s venture into house flipping at a distance as well as his foray into spec building (and the lesson’s he learned… and things you should avoid!) This show is incredibly inspiring and can help any new or seasoned investor improve their game – especially the 5 tips for automating your business, found toward the end of the show! In This Show, We Cover: How J chose his location for long distance flipping The difficulties of rehabbing at a distance Incredible tips for finding great people to work for you Why J’s advice is “don’t trust anyone…” Getting bids on your work the easy way How to make the permit process MUCH faster and easier A step by step financial breakdown of J’s recent spec build The “best answer” Brandon’s heard on the podcast ever… J’s 5 tips for automating your business And so much more! Links from the Show Real Estate Rewind: The BiggerPockets Community Book! The Book on Flipping Houses Diary of a New Construction Project PlankIsland.com What Is The Best Interior Paint for Landlords and House Flippers? (Hint… It’s Not What You Think) Tweetable Topics “Nobody cares about your properties or your assets more than you do.” (Tweet This!) “Great people tend to associate with other great people.” (Tweet This!) “By automating things in your business, it frees up time for your family.” (Tweet This!) “Do the things that are most important, don’t do the things that aren’t important.” (Tweet This!) Books Mentioned in the Show Real Estate Rewind: The BiggerPockets Community Book! BiggerPockets’ The Book on Flipping Houses by J. Scott BiggerPockets’ The Book on Estimating Rehab Costs by J. Scott Diary of a New Construction Project Ebook by J. Scott The 4-hour Workweek by Timothy Ferriss The E-Myth Revisited by Michael Gerber Connect with J Scott J Scott’s BiggerPockets Profile J Scott’s Website: www.123flip.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 63.

0:04.0

You're listening to Bigger Pockets Radio.

0:07.0

Simplifying real estate for investors large and small.

0:10.0

If you're here looking to learn about real estate investing without all the height, you're in the right place.

0:16.0

Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.

0:22.0

Your home for real estate investing on... benefited from BiggerPockets.com.

0:22.7

Your home for real estate investing online.

0:26.3

What's going on everybody?

0:27.3

I'm Josh Dorkin, host.

0:29.2

To the BiggerPockets podcast

0:30.7

here with my co-host Brandon Turner.

0:34.0

Hey Josh, good morning.

0:37.0

Good morning to you as well, sir.

0:40.0

Thanks. How you doing?

0:41.0

I'm okay.

0:42.0

I'm okay, you know, living life excited about today's show we've got our our second repeat guests so it should be fun. Yeah today's a one of my favorite people actually my favorite investors of all time

0:53.7

Jay Scott we're gonna talk to because last time I felt like we could have gone on

0:58.1

for like 12 hours a year ago when we interviewed them so today we go on for 11 and a

1:02.3

half so you know have a seat this is going to be a long

1:04.7

I'm sorry no no no but I agree listen I mean a year ago when we first started doing the

1:10.8

podcast I don't know that we necessarily knew what the

1:14.0

heck we were doing and I think we've come a long way. I mean we're still

...

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