How to Fix and Flip Your Way to a Dual Asset Strategy W/ Glenn and Amber Schworm
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 16 June 2021
⏱️ 41 minutes
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| 0:00.0 | Hello, Brady, and welcome to the 100-year real estate investor. We're your host, |
| 0:10.9 | Jake and Gino, and this is a show dedicated to your long-term financial engineering. |
| 0:16.8 | Gino, how's it going? Mr. Stenzion, we're doing great. How you doing, bro? |
| 0:20.2 | Always making it having Big Ben. Stenziano, doing great. How you doing, bro? Always making it |
| 0:20.9 | having big band. Today's guests are passionate about helping everyday people create their best |
| 0:26.3 | life through real estate investing. Together, they have flipped over 700 houses valued at over |
| 0:31.5 | 65 million. They continue to flip houses as they help everyday people change their lives by creating |
| 0:38.3 | immediate cash flow and generate long-term passive incomes. Without further ado, Glenn and Amber |
| 0:45.4 | Schwarm, welcome to the show. Hello, Jake and Dino. Thanks for having us. Yeah, thanks for |
| 0:49.1 | for having us, guys. Looking forward to it today. It is our pleasure. And we got into a little |
| 0:53.2 | bit before the show. That's why Gino has |
| 0:54.6 | that big shit eating green on his face. But let's get it kicked off. We want to hear about your |
| 0:58.5 | story and how you get started. Oh, gosh. We did not start with any kind of a grand plan. We were |
| 1:06.1 | $80,000 in credit card debt and had to make some money. This is 2007. So this is right when the market was |
| 1:12.3 | right before it tanked. Yeah. We really started out of desperation just because we needed to make |
| 1:17.2 | some large chunks of money. Yeah, people to look back now and go, you guys were brilliant. You knew |
| 1:21.4 | when to make your move. I'm like, you were to make my move. I had to pay some bills. I was going |
| 1:24.8 | through divorce. I didn't have anything. I didn't, wasn't any grand vision. But we got started to flip our first house, made about 17 grand on that |
| 1:31.2 | house. And that, not that was impressive, but for us, it showed us what was possible. You know, |
| 1:35.4 | and so then we, we did most of work ourselves. The next house we did, we were mid-sted. We did pretty well in that, but right around that same time, Amber |
| 1:44.3 | had to sell her car, so we had enough equity. We pulled the equity of her car to get cash to |
| 1:48.8 | finish the flip. And we were desperate. We had to do what we had to do to make it work. |
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