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Flipping Junkie Podcast with Danny Johnson

Flipping Junkie is a podcast for people addicted to flipping houses, wholesaling houses, and real estate investing. Danny started flipping houses in 2003 and has chronicled his journey to help house flippers both new and experienced. Subscribe for weekly episodes featuring interviews with people just getting started as well as big name investors like Brandon Turner of Bigger Pockets and Justin Williams from House Flipping HQ. The podcast covers a range of topics like what is working today to find great deals for flipping, how to properly analyze deals for flipping, renting and owner financing, determining repair costs, finding contractors and managing rehab crews, what improvements to make and how to quickly sell your houses for big profits and so much more. Don’t worry, we won’t leave out the serious mistakes that you need to avoid when get starting and growing your real estate investing business. Join Danny Johnson to get the inside scoop on how to get started and how to stay successful to create true financial freedom for yourself and your family.
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Flipping Junkie Podcast with Danny Johnson
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Now displaying: July, 2019
Jul 29, 2019

Gary Boomershine founded RealEstateInvestor.com in 2005 out of the need to scale and grow his own real estate investing and home buying business. With a family legacy in the real estate niche, and a long successful career in enterprise and emerging technology markets, Gary saw the vision for RealEstateInvestor.com. He noticed the glaring opportunity to leverage people, processes and technology to gain a leg up in a changing and competitive marketplace. As he worked to develop and use the initial product and service, he saw his real estate business flourish by allowing him to work smarter - not harder and focusing on the one thing that makes money - talking to sellers and making offers. That’s when RealEstateInvestor.com began offering its flagship product, REIvault, to the savvy investor market.

In this episode Gary holds nothing back when it comes to talking about his marketing strategies. He and Danny get down and dirty into hard data on what works and what really, really works! From direct mail to cold calling, Gary shares with us what he’s learned over the last two decades in the real estate industry and how he’s truly built a business that can run without him (no really, he took a 6-week sabbatical and never touched the business once!). If you’re interested in scaling and growing your passive income, then this is the episode for you. Full of great tips on marketing, everyone is guaranteed to benefit from this episode.

Jul 22, 2019

Anna Myers serves as Vice President at Grocapitus, a commercial real estate investment company in the San Francisco Bay Area. Anna is a modern entrepreneur who applies her 20+ years of experience in technology and business to the finding, analyzation, and acquisition of commercial properties in key markets across the U.S. Together with her business partner, Neal Bawa, they approach real estate as data scientists to create compelling profits for 300+ investors. As the lead underwriter for the company, Anna also teaches deal analysis for MultifamilyU both monthly via webinars as well as quarterly in MultifamilyU Boot Camps. MultifamilyU is an apartment investing education company owned by the principal Neal Bawa. In addition, she is an AirBnB Superhost in two markets in the US. Related to Syndication, Anna has participated with Neal Bawa and Grocapitus in equity raises of 8.5 million dollars for multifamily acquisitions in 2018, resulting in over 500+ units purchased.

In this episode Anna sits down with Danny to share a wealth of actionable tips, tools, and advice for investors. Anna shares with us how she made a complete pivot in her life and business multiple times, making the transition from computer science, to photography, and eventually on to real estate investing. She talks about how she makes the most out of a total pivot, which is great for anyone looking to break free from corporate America or another business!

Anna and Danny also touch on the art of market analysis and what it really means to be aware of your KPI’s and what they mean. They discuss why you need to not only be aware of your numbers but you need to fully KNOW and UNDERSTAND them to be able to make any real difference in your business, as well as what you should be looking for in a market. Anna also shares plenty of helpful tools for studying your market and more, so don’t miss out!

Jul 15, 2019

Bio: Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $54 million. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home. Show Notes: Danny is joined this week by Scott Krone, Founder of CODA Management that teams up investors to purchase undervalued warehouse space and convert it into climate controlled, self-storage facilities that are managed by a top 3 operator. In this episode, Scott shares with us what he considers to be the most valuable lessons he’s learned throughout his career. He begins by saying “develop a strong team,” and explains how he relies on a strong team of brokers, contractors, lenders, and more to be able to keep everything running smoothly. Similarly, he stresses the importance of building relationships with brokers, attorneys, and title companies because they can be a major lead source for you in the future. Scott also shares with us how to deal with upset neighbors when working on a new project, much less one as large as the properties he’s dealing with. The advice he shares can be applied to many situations, ranging from the large-scale example he gives down to your local REIA meetup. The most important thing that Scott says he hopes people take away from the interview is to really, truly know your market. He mentions that if you can’t give specifics about exactly where your market is in the cycle and why, then you could probably stand to learn a bit more. This episode is jam-packed with helpful tips and advice that applies to investors at any point in their career.

Jul 8, 2019

Marty: Marty started investing in real estate in 2001 after working as a television news cameraman at the CBS affiliate in Phoenix. He quit his job in 2002 and went on to build a $16 million real estate portfolio. But when the market crashed in 2008 he lost it all. In 2009 he started rebuilding his business by purchasing foreclosed properties at the auction. His strength is finding, analyzing and buying distressed real estate. Marty wrote Fixing and Flipping Houses: Strategies for the Post Boom Era in 2012, a book detailing his approach to rehabbing and selling single-family homes. He’s a licensed Realtor in Arizona and Wisconsin. Manny: Originally from Pasadena, California, Manny Romero moved to Phoenix, Arizona in 2001. Soon after arriving in the valley of the sun he developed an interest in real estate. Home prices in Arizona were much lower compared to his home state of California and he saw a lot of opportunity. Manny went to the real estate investing school of hard knocks. He had tremendous success from 2004-2007 but when the market crashed he learned some very hard lessons. His strength is developing relationships with investors and raising capital. He’s also an excellent project manager. In this episode, Manny and Marty of Fix and Flip Hub join Danny to talk about each of their journeys in real estate investing and how they’ve found steady success in the industry. The experienced partners now specialize in various types of fix and flips such as turnkey and value add. They touch on the pros and cons of each method and how they were able to make each work for them and their business. They also share the simple way that they’re able to save money in their projects. This is a great episode for anyone looking to possibly scale their business and explore all of the different options available to them when it comes to achieving freedom by flipping.

 

Jul 1, 2019

This week Danny is joined by Rita Medeiros, an investor out of Florida who focuses on out-of-state, single-family properties and has acquired over 21 residences in 11 months and 21 rehabs. In this episode Rita breaks down how she manages the properties from states away and how she’s used this model to create a long term flow of passive income, something she claims to be very serious about (as we probably all should be!). She walks us through her cash flow criteria and how she took care of estimating repairs from states away. Rita and Danny also discuss both the positives and the negatives of managing affordable housing within Section 8 areas. Rita breaks the stereotypes that a lot of us might have about certain types of tenants and explains the reward that comes with helping provide a single mother who might be struggling just to find a home for her and her family. Other topics covered in the episode include how she’s limiting her competition, funding the deals, and what she considers to be the biggest factor in her success as a real estate investor.

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