How To Start Flipping Houses As A Beginner (2024) | Brad Lea

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 21 November 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brad and Ryan discuss the significance of personal branding, with Brad highlighting how Ryan's brand has been crucial for his income.
Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast
---
Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/

Would you like my team to help build your personal brand? Apply to join Pineda Media at https://pinedamedia.com/podcast

Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy

Create your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50d

Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/

You can invest in my real estate deals! Go to https://pinedacapital.com
---
Connect with Brad!
Instagram - https://www.instagram.com/therealbradlea/
YouTube - @THEREALBRADLEA

Brad, despite his nonchalant nature, takes his role as an influencer seriously and has unintentionally found success. Ryan emphasizes the need to market not just for customers but also for good employees.

Brad has helped entrepreneurs embrace authenticity on social media, recognizing that it might not please everyone but can build a loyal following. Ryan shares his journey from flipping couches to houses, reaching a point of making $8k monthly with the couches. He transitioned into flipping houses after seeing a commercial, initially relying on credit cards and reinvesting profits.

Ryan stresses the importance of scaling using investor money, acknowledging the challenges it brings. Even in challenging situations or potential bankruptcy, he emphasizes adapting and navigating the best path forward. Brad queries about handling bad investments, leading Ryan to discuss the significance of conservative underwriting, especially in uncertain markets.

The conversation touches on the real estate market, emphasizing the various exit options like selling, holding, or losing the property. Ryan introduces his book, "The Wealthy Way," aimed at helping people find fulfillment while pursuing wealth by focusing on meaningful actions. He recommends good accounting practices for maximizing write-offs in real estate.

Ryan mentions his business, Tykes, aiming to change the future of real estate. The discussion encapsulates the entrepreneurial journey, the role of branding, and the importance of practical strategies in real estate.

Transcript

Click on a timestamp to play from that location

0:00.0	My first hundred deals were flips.
0:02.5	And somebody right now go do what you did?
0:04.7	Yeah. When I hear flip, I hear buy it cheap, make it nicer, sell it for more.
0:09.3	What happens when I buy it, what I think is cheap,
0:11.8	and then it doesn't sell for what I thought it would.
0:14.3	With real estate there's lots of exit options.
0:16.3	So dude, you're a real estate investor, says Mogul.
0:21.4	What's a mogul?
0:22.4	That's a good question dude.
0:24.0	A, I don't know.
0:26.0	Teacher, wealth builder, where did it all begin?
0:29.0	You were a broke Filipino boy at some point.
0:32.0	That's what you said in my event.
0:34.0	Did you tell, so you spoke at my event what, six months ago,
0:38.0	nine months ago,
0:40.0	and the first thing Brad says on stage is,
0:42.0	okay, so, so you know this broke
0:43.7	Filipino boy came up to me and asked me to speak at this event well no I was
0:48.1	talking about how important building a brand is right and the whole audience you had freaking look like a thousand people there
0:54.8	yeah it's a big event I don't know how you get so many people in the room but we do it every
0:58.1	quarter too yeah so it's a January 9th it's our next one yeah and I tell him, I told him, he said, you know, come speak. So I said, okay, I will because, you know, I wanted to pop in.
1:06.9	So I popped in, got there right before I got on, walked on the stage, and then literally dropped the mic and left.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ryan Pineda, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ryan Pineda and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.