$800k Profit on One Flip? Tucker Merrihew Shares How He’s Flipped 100s of High Profit Deals

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 25 September 2020

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tucker Merrihew shares how he went from doing mortgages to flipping houses and new construction. A serial entrepreneur, Tucker has flipped and built hundreds of homes with massive profit margins.

In this episode, he shares not only what is possible, but a few actionable items that anybody can do to get started.

Video Replay of Interview with Tucker Merrihew

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Transcription: TRANSCRIPT-800k-Profit-on-One-Flip_-Tucker-Merrihew-Shares-How-Hes-Flipped-100s-of-High-Profit-Deals_otter Download

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SHOW NOTES

$800,000 Profit on One Flip

With Tucker Merrihew, TTM Development Company

Sept. 23, 2020

About Tucker Merrihew

Tucker Merrihew is the Owner and Head Acquisitions & Finance Manager for TTM Development Company. He began his career in the Real Estate business back in 2002 as a Top Producing Mortgage loan officer, and then by 2004 he built his own Mortgage Company TTM Finance, LLC & Davis Financial which is still in operation today. In 2008 Tucker began building TTM Development Company from the ground up, and presently he is in charge of daily operations, Investor Relations, project financing and all new acquisitions for the company. Currently Tucker is looking to expand his company’s brand through projects like the 2013 Street of Dreams in order to make TTM a household name for Portland homebuyers looking for exceptional homes. Tucker also has two very successful and long-running podcasts, The Portland Real Estate Podcast and The Real Dealz Podcast, each packed with helpful information for real estate investors of all levels.

Connect with or find more information about Tyler at linkedin.com/in/tucker-merrihew, facebook.com/tucker.merrihew, instagram.com/tucker_merrihew, ttmdevelopmentcompany.com, or check out his hit podcasts PortlandRealEstatePodcast.com and TheRealDealzPodcast.com.

Show Notes

Steve and Tucker discussed how he made $800,000 in profit from one flip, including his advice on how you can do the same thing. Listen to the full podcast on Real Estate Disruptors to get Tucker’s advice, lessons learned, and what is needed to start your very own podcast!

Top 5 Takeaways from Tucker Merrihew

5. When doing flips, having a good General Contractor (GC) and a good relationship with your GC is key to getting flips done on time and on budget with quality work.

Transcript

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0:00.0	Hey everybody, thank you for joining us for today's episode of Real Estate Disruptors.
0:04.1	Today we have Tucker Merrihill with TTM Development and he flew in from Portland, Oregon,
0:09.1	talking about how he's done hundreds of flips and new construction, including making just 800K on one property last year.
0:16.8	If this is your first time tuning in, I'm Steve Trang, founder of the Offer Fast Homes app,
0:20.8	the only MLS for off-market wholesale properties, and I want to mention to create 100 millionaires.
0:25.7	If you guys have been following me on social media, then you know that we just finished
0:28.4	building out a classroom.
0:30.1	We're holding sales training and masterminds there.
0:32.9	If you want to close more deals, please apply at Disruptors.com to see if the class would
0:36.8	be a good fit for you.
0:38.8	If you get value today, please tag a friend below, share this episode right now. That way we can
0:43.0	all grow it together. And this is a live show. So please ask your questions for Tucker to answer.
0:48.6	You ready? Let's do it. All right. So first question is, what got you into real estate?
0:54.5	Well, let's dial back that time machine, shall we? Because we just dated ourselves on our pre-conversation here.
1:00.0	So let's wrap, let's pretend it was 2002. And if anybody remembers, it was right after this thing called the dot-com bust, right? And there wasn't a whole lot of jobs available for people to get.
1:13.2	And I had had an apparel company in college that I thought for a while that was going to be,
1:18.6	you know, how I get rich, right?
1:20.0	And this apparel company was going to take off and it was going to be the thing we did after
1:22.7	college.
1:23.5	Well, it didn't.
1:24.3	It imploded and it wasn't really profitable. So I had to figure out, well, everybody kind of drifted away, right?
1:31.0	And I was left with a bank account with a few hundred bucks in it and a little bit of
	...

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