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Guest Bio:Cody is the founder of Investor Grit and Utah Sell Now. A few years ago, he was selling insurance. He liked what he did and made a decent living doing it. One day back in 2015, he was introduced to Wholesaling Real Estate. People in his area were making a fortune doing it so he got curious and decided to jump in. He made a TON of mistakes but he was committed to making it work…and he did! His company is now featured on the Inc 5000 for fastest growing companies.
Cody is the founder of Investor Grit and Utah Sell Now. A few years ago, He was selling insurance. He liked what he did and made a decent living doing it. One day back in 2015, he was introduced to Wholesaling Real estate. People in his area were making a fortune doing it so he got curious and decided to jump in. He made a TON of mistakes but he was committed to making it work…and he did! Sponsors Billy Gene Marketing: Visit CopyOurAds.com and if you're the first 100 to sign up, Billy Gene will mail you his best performing Facebook ad campaigns for FREE. You just cover the shipping!
On this episode of House Flip Masters Holly is joined by guest Cody Hofhine. Cody is a wholesaler based out of Utah, who is having great success with only 2 years in the business. Cody’s real estate investment journey started when he was working in insurance. After one year of work Cody brought home only $19,000. He realized that this wasn’t enough money and he needed to do something else, Cody attended some REA events where he learned about wholesaling and he fell in love. He started in May 2015 and in just 36 days he made more money on one deal than he did in a year of work. After seeing how good his first deal went he knew there was no turning back. Cody finds all of his deals within five major counties in Utah. Cody and his team pride themselves on establishing relationships and trust with the sellers to let them know who they are and what they do. Cody feels that the face-to-face experience is one that produces more results and helps to build types of relationships that phone call conversations do not. When hiring a team Cody says that you need to think of all the things that you hate and all the things that you love and hire out all of the things that you hate and eventually all of the things that you love so that your business becomes fully automated. Cody uses people in the Philippines to help out with the tasks that he does not want to do or have the time to do. Cody reminds us that there are people who love to do the things that we hate to do, he uses the people from the Philippines to help with his calendar, list scrubbing, and marketing. Holly asks Cody how he finds his help and he her that he uses a website www.UpWork.com - you create an account, make a job posting and interview by creating a task for them to complete. Holly asks Cody how he gets his deals, he tells her that he started with direct mail and he continues to do direct mail doing 65,000 pieces every month! He also uses Pay per Click, Facebook marketing, bandit signs, door hangers, etc. Cody has his hands on several different ways to get out there so that he can get the maximum amount of deals a month. He says that he would not be willing to spend so much money on marketing if he the return on the investment wasn’t as great as it is. Cody discusses Facebook marketing and how direct the advertising is. Facebook can be geared to specific individuals, zip codes, and audiences. Facebook will send your ad to the exact audience that you want your advertisement to go to. Cody’s best advice for people that are new to real estate investing is that real estate is a phenomenal market to be in and that there is no bad time to get into real estate! Get involved today no matter the state of the market. He also advises that you do not reinvent the wheel, there are so many successful people in this business that you can use as a resource to get educated that can help you start your business at a higher level than if you tried to start from scratch. If you are interested in getting in touch with Cody to learn more about wholesaling visit www.InvestorGrit.com - they deliver content and education about wholesaling, as well as offer the opportunity to chat with someone from the team. Cody also has a podcast called Wholesaling Inc by Investor Grit https://itunes.apple.com/us/podcast/wholesaling-inc-by-investor/id1051156990?mt=2 You can also subscribe to the Investor Grit YouTube channel https://www.youtube.com/user/adambubble
Only making $19,000 won't cut it in any business, and before wholesaling that was his reality. Cody jumped into the flipping business by surrounding himself with mentors, extremely successful connections, and systems and was able to profit over $250,000 in his first year! Best Ever Tweet: Relying on your own power and strength will not push the needle in business, we need everybody. Cody Hofhine Real Estate Background: - Founder of Investor Grit and Utah Sell Now, LLC. - Introduced to Wholesaling and now collaborates with Tom Krol - In first year of wholesaling real estate, did over $500,000 in assignments - This year on track to break a million - Based in Salt Lake City, Utah - Say hi to him at http://investorgrit.com/ - Best Ever Book:The Compound Effect by Darren Hardy Click here for a written summary of Cody's Best Ever Advice: Want an inbox full of online leads? Get a FREE strategy session with Dan Barrett who is the only certified Google partner that exclusively works with real estate investors like us. Click here: to schedule the appointment. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: Subscribe in and so you don’t miss an episode!
We are SUPER excited to (finally) release our Wholesaling Inc Podcast, powered by Investor Grit! Americas #1 Wholesaling Coach, Tom Krol and former student turned 7 figure Wholesaler, Cody Hofhine have teamed up to bring you cutting edge, next level information on Wholesaling, Wholetailing and Flipping houses! They will be giving away up to the minute tactics and strategies that NO ONE else is sharing with one thing in mind, to help you EXPLODE your Real Estate investing business! This Podcast will provide a step by step "road map" that will help you CRUSH IT in your business. Be prepared to step out of your comfort zone and take MASSIVE action. It takes GRIT to make it in this business! Do you have what it takes? Welcome to the NO FLUFF ZONE! If you want more AWESOME information on Wholesaling, Wholetaling and Flipping houses, head on over to www.investorgrit.com and jump on our mailing list.