POPULARITY
Today’s Best Ever guest flips homes that are over $1,000,000 and he talks about a case study and how he makes a living out of luxury flips. He has a fascinating career path from buying and holding to land development and now flipping multi-million dollar homes. Will Barnard’s real estate background: – Founder of Barnard Enterprises, Inc. based in Santa Clarita, CA – Full-time investor and developer focused on flipping luxury homes with values over 1MM – Does millions worth of real estate transactions every year – Say hi to him at
Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!In This Episode We Cover:How Will’s doing since the last time he was on the showThe famous 7 Figure FlipAll the details you want to hear about that flip!The 10 things you need to become a better flipperHow to know your marketThe importance of building a team before you buyThe members you need on your teamHow to find quality contractorsThe importance of negotiation as a real estate investorThe two numbers that you need in order to make an offerThe ins and outs of using leverageHow to build a reputation by taking care of your investorsThe importance of learning how to manage efficientlyHow to know where you can save (and where you shouldn’t) in flipping housesAnd SO much more!Links from the ShowDiary of a Seven Figure Spread (Forum Thread)BiggerPockets Flipping CalculatorBiggerPockets ForumsWill Barnard’s First BP Podcast InterviewBP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!The Occupants from Hell (Forum Thread)Books Mentioned in this ShowThe 10X Rule by Grant CardoneThe Book on Flipping Houses by J. ScottThe Book on Investing with No Money Down by Brandon TurnerA Million Bucks by 30 by Alan CoreyTrump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. RossRich Dad’s CASHFLOW Quadrant by Robert T. KiyosakiTweetable Topics:“You really need to get the boots on the ground to know your market.” (Tweet This!)“Trying to flip from afar is really asking for trouble.” (Tweet This!)“Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)“Listening to people negotiate is really helpful.” (Tweet This!)“There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)“You can’t be scared to fail because you’re going to fail.” (Tweet This!)Connect with WillWill’s BiggerPockets ProfileWill’s Company Website
Today’s Best Ever guest flips homes that are over $1,000,000 and he talks about a case study and how he makes a living out of luxury flips. He has a fascinating career path from buying and holding to land development and now flipping multi-million dollar homes. Tweetable quote: Focus on one thing and do it well. Will Barnard’s real estate background: - Founder of Barnard Enterprises, Inc. based in Santa Clarita, CA - full time investor and developer focused on flipping luxury homes with values over 1MM - Does millions worth of real estate transactions every year - Say hi to him at Subscribe in and so you don't miss an episode! Sponsored by: Twenty Four Sound – visit and mention "bestever" for an exclusive 20% discount on your purchase.
This is Part 2 of our interview with Will Barnard. Click here to listen to Part 1.Will Barnard is a house flipper that focuses his energies on higher end properties. In part 2 of our interview Will discusses the process of dealing with luxury house flips from financing to rehabbing to closing the deal with sellers.Have any questions for Will 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?Shout Outs and Thanks!Thanks to Paul Colaiani at The Overwhelmed Brain for the GREAT audio introduction! Think you can do better? Send it in and show us what you can do and we might feature it on a future episode!Thanks to Rodney Palmer from San Diego for the awesome gift!Thanks also to Casey Cloud, our Ryan Skalla consulting call winner for the Amazon Gift Card!And last but not least, Rick Grimsley for your amazing help in helping my wife know more about what it takes to get a pilot's license.Flip Tip“Cutting Through the Clutter to Hit the Target and Reach Your Goals”Sometimes we're inundated with “information overload”. For many people the problem isn't not knowing what to do, but just getting up and taking action. In today's Flip Tip I share some thoughts on how to overcome the “clutter” of business-related information and focus on what it is you're trying to accomplish. And, specifically with House Flipping, I talk about the 6 steps you need to get started with to start making offers and flipping houses.Show NotesIn this episode we cover:Will's approach to rehabbing high-end luxury homes and the importance of having a visionWhy Will is more hand's-on with some of his rehab projectsHow Will hires and manages his contractorsWill's recommendations for getting started with contractors and where you can get referralsWhat to look for in a contractor and/or handy-manWhat Will puts in his contracts with contractorsWill's use of creative financing on his projects and more details on seller financingA beginner's look at seller financingThe process Will goes through with the appraisal of his propertiesHow Will goes through the closing process when he sells his homesHow he deals with inspections from buyers and requests for repairsWill's recommendations to people who are new to house flipping and how to deal with fearTweetable QuotesClick a quote to tweet it!“Sometimes you have to let the reigns go. There's a better use of my time.” ~ Will Barnard“If you're an investor and you have a good contractor, you're not giving them up.” ~ Will Barnard“Get educated in whatever strategy you decide to employ” ~ Will Barnard“The rich act in spite of fear when others allow it to stop them” ~ Will BarnardTranscriptClick here to Read and Download the Transcript for Episode 25Links and ResourcesPaul Colaiani at The Overwhelmed BrainWill's website: Barnard EnterprisesBigger PocketsInvestor ExpertsJoin the Mastermind Webinar!Plus, don't forget our House Flipping Mastermind Group is starting tomorrow, February 1, 2014. We will not be having a webinar until February 13, 2014, which you can sign up for at houseflippinghq.com/webinar.Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: A.Savin [CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0) or FAL], via Wikimedia CommonsThe post HFHQ 25: Rehabbing and Selling High End Flips with Will Barnard (Part 2) appeared first on House Flipping HQ. See acast.com/privacy for privacy and opt-out information.
This is Part 1 of our interview with Will Barnard. Part 2 will be up in two daysWill Bernard is a house flipper that focuses his energies on higher end properties. Today we discuss how he finds his deals and the process he uses to finance them. Amazingly he does this all with just private money lenders and his own equity!Have any questions for Will 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?Flip TipI was thinking about creating systems during a trip to Disneyland. All successful businesses utilize systems. You have to give up the idea that you need to do everything in your business on your own. It does take more time and effort to train someone to do something, so you need to take the time to set up your system. And you should know how to do something, like evaluating properties, before you train someone else. But other things that are “unskilled”, like licking stamps, can be turned over quickly and delegated out. Start delegating the simple stuff and then increase the complexity (and their compensation) as your trust in the person increases. Then focus your energies on growing you business, instead of running each moving part.Show NotesIn this episode we cover:Will Barnard's early start as a self-employed business person and how he found real estate investing and house flippingIn 2004 Will started buying houses and in 2005 started buying houses in Texas even though he lived in CaliforniaIn 2009 Will did his first flip and almost pulled six figured on the dealWhy Will's main focus right now is on the luxury market with higher-end housesHow Will finds properties using the MLSWhat Will looks for when searching out higher-end dealsWill's business, Investor Experts, and how it helps people find MLS deals.Will's plans to use Direct Mail as part of his acquisition funnelHow Will funds all of his higher end deals just with private money and personal funds.How to increase your pool of private money and find the lenders with money.How to avoid breaking government rules with private money lendingWhat Will does to structure his financing and paymentsTweetable Quotes“Everyone and their dog is trying to flip houses” ~ Will Barnard [Tweet This!]“There is risk in everything we do and everything we say. It is how well you mitigate that risk that matters” ~ Will Barnard [Tweet This!]“If you're brand new I highly recommend starting with … family and friends” ~ Will Barnard [Tweet This!]“I always focus on the lender and not myself” ~ Will Barnard [Tweet This!]TranscriptClick here to Read and Download the Transcript for Episode 24Links and ResourcesInvestor ExpertsWill's website: Barnard EnterprisesOccupants from HellJoin the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindLeave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Wolfgang Staudt from Saarbruecken, Germany (Potsdam Neues Palais) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsThe post HFHQ 24: High-End House Flipping with Will Barnard (Part 1) appeared first on House Flipping HQ. See acast.com/privacy for privacy and opt-out information.
Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview.Read the transcript to episode 32 with Will Barnard here.In This Show, We CoverWorking with family when starting outThe infamous occupant from hell…The transition from low-end flipping to high-end flippingWhere Will believes the market is goingWhen the 70% rule applies – and when it doesn’tHow to find comparable sales for unique homesWhen to use architects and interior designersThe crazy story of the “Seven Figure Spread” flipWorking with Real Estate AgentsAnd more!Links from the ShowForum thread about the recent Gmail changes Will’s Occupant from Hell Story on the BiggerPockets ForumsThe House Flipping Calculator on BiggerPocketsDocuSign Ink AppEchoSignHow to Negotiate: 7 Real Estate Negotiation Tips by J ScottBooks Mentioned in the ShowTrump Style Negotiation by George RossReal Estate Finance and Investment Manual by Jack CummingsTweetable Topics:“Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!)“Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!)“Everything you do in real estate- it’s all about the negotiation.” (Tweet This!)“There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!)“Experience is the Best Educator.” (Tweet This!)Connect with WillWill’s BiggerPockets AccountWill’s Website: www.BarnardEnterprises.com