Flipping Texas (Houses) with 5 Kids
Disruptors
Steve Trang
5 • 741 Ratings
🗓️ 8 July 2021
⏱️ 70 minutes
🧾️ Download transcript
Summary
Don’t mess with Melissa! Flipping houses in Texas is definitely the big time, just like everything else in the Lone Star State. Melissa Johnson has rehabbed and flipped over 1,000 houses since 2003, all while raising five kids and teaching other women how to be successful in business. Flippin’ houses in Texas!
Video replay of my interview with Melissa Johnson on flipping houses in Texas:
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Show Notes
About Melissa Johnson
Before real estate, Melissa worked with an Air Force contractor. Thinking that her career was a complete dead end, she got lured on to real estate because of the lifestyle that it offers. In 2003, she took action and started flipping houses in the thriving market of San Antonio, Texas. As her business continues to grow and expand with her success in flipping over 1000 houses, she built a portfolio of real estate notes and rental houses. Today, along with real estate, she branches out to several other businesses, coaches fellow investors, and empowers women to succeed in business.
Visit her website, www.themelissajohnson.com.
Don’t mess with Melissa! Flipping houses in Texas is definitely the big time, just like everything else in the Lone Star State. Melissa Johnson has rehabbed and flipped over 1,000 houses since 2003, all while raising five kids and teaching other women how to be successful in business.
Takeaways
* Take action, educate not only through materials but also learn through experience.* Having a mentor is a plus, especially when getting started.* Wraps are great, especially for those whose doesn’t want to deal with rental repairs, insurances, and taxes. It’s a win-win for both the investor and the buyer. The investor gets the money the buyer owns a home.* Have some reserves for tough times.* For REI moms and dads, it’s all about commitment and delegation. Build a business that fits around your family and lifestyle.* Identify your weakness, learn and educate on how to deal with it, and implement what you’ve learned. Having a coach is a huge help to go through the process.* There is no business if there is no marketing. If marketing isn’t 100% dialed in, time, money, effort, and opportunities will be put on to waste.* Track and know your numbers.* Hiring the right people is critical, especially in running multiple businesses. List everything that you do, group similar tasks together, determine your pain point, decide if the seat makes sense to keep the business forward, place the right people in the right seats, provide tools and coach them to succeed.* Detaching yourself off the business isn’t necessary, especially if you’re enjoying what you’re doing.* Net is how you retire and build wealth.* Keep the leads in the system unless it’s proven sold.* Don’t force a deal. If the numbers don’t work, the numbers don’t work, except for you being well-versed in your market.* Don’t build (business) at the expense of everything else in your life that might be important to you.
Get More Info about Flipping Houses in Texas
More about Melissa Johnson and flipping houses: www.themelissajohnson.com
Watch or listen to all my past interviews at realestatedisruptors.com/interview-archives
Check out our FREE real estate wholesaling course:
Transcript
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| 0:00.0 | FaceTime. |
| 0:00.5 | Hey, everybody. |
| 0:11.0 | Thank you for joining us for today's episode of Real Estate Disruptors. |
| 0:14.0 | Today we have Melissa Johnson. |
| 0:16.0 | She flew in from San Antonio, Texas to talk about how she's flipped over a thousand homes while raising five kids. |
| 0:21.5 | If this is your first time tuning in, I'm Steve Trang sales trainer for some of the top |
| 0:25.2 | wholesalers in the country, and I'm going to mention to create 100 millionaires. |
| 0:29.3 | The question I get all the time is how do I become one of the 100 millionaires? |
| 0:32.6 | And the information on this podcast alone is enough to help you become a millionaire in the next |
| 0:37.1 | five to seven years, |
| 0:38.3 | take consistent action and you will become one. |
| 0:40.6 | When you hear a nugget, type in the comments section and after the show, identify your |
| 0:44.9 | single biggest takeaway and focus on just that for the next seven days. |
| 0:49.2 | If you get value out of the show, please tag it from below, share this episode right now, |
| 0:53.5 | that way we can all grow together. This is a live show, please tag it from below. Share this episode right now. That way we can all grow |
| 0:55.0 | together. This is a live show, so please ask your questions from Melissa's answer. You ready? |
| 1:01.1 | Ready. All right, cool. First question is what got you into real estate? Well, let's see. I was |
| 1:08.9 | working just, you know, a corporate job like we talked about. I was |
| 1:12.4 | working for a government contractor, kind of the cubicle situation. Real estate was not on my |
| 1:17.7 | radar at all. I didn't know anything about it, especially real estate investing. All I knew about |
| 1:23.2 | was real estate agents. And I was dating my, he became my husband later, but we were dating at the time. |
| 1:30.6 | And his father was actually an investor. |
... |
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