Episode Details

Steven and Erin Williams

Today we are visited by my brother, Steven Williams who I've been mentoring with his house flipping business.  This is a “fly on the wall” look at a coaching call where we're talking about his approach during the first couple weeks of his real estate investing journey.  We talk about how to approach his deals, we analyze some properties he's looking at and review first steps Steven can take to “fail forward fast” and make progress.

Have any questions for Steven or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?

Win 1,000 Yellow Letters!

Our yellow letter contest is still going strong!  Answer the question “This is why I became a real estate investor” or “This is why I want to become a real estate investor” in the comments for episode 27 and Michael Quarles from yellowletters.com will give 1,000 Yellow Letters to the person with the best answer. The winner will be decided at the end of Tuesday, February 18, 2014. The best answer will be the one where Michael can really “taste” your hunger to improve their life through real estate investing.

And for anyone who leaves a comment Michael will also give you free business cards to help your business!

Click here to enter!

Show Notes

In this episode we cover:

• Steven's background and journey before getting started with real estate
• Steven's current plan to grow his house flipping business by taking massive action
• The actions and approaches that Steven has made since going “full time” with real estate investing
• Justin's suggestions on how Steven can approach the first batch of potential properties
• An analysis of the first house Steven is looking at and some possible options
• The importance of helping your real estate agent understand the reasons behind your offers
• How to seek out comps and what to look for to determine your ARV
• A look at the costs associated with buying and selling properties

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