How to Wholesale 100 Houses Per Year!

TL;DR

Learn step-by-step how to scale your house-flipping business to flip over 100 houses in a year by utilizing lead generation strategies and building a strong team.

Transcript

how to wholesale 100 houses per year guys it's rick inn and in this video i'm gonna walk you through step by step how to step up your game to flip 100 plus houses in one year so you guys hear this all the time people talking about flipping 50 75 100 150 200 houses and you're probably thinking how in the heck do they do that well i've got 19 years e... Read More

Key Insights

• 🔊 Lead generation is the foundation for flipping a high volume of houses, and cold calling, SMS text blasting, RVM, and direct mail are effective strategies.
• 😤 Scaling to 100 houses per year requires building a team, as it is impossible to do it alone.
• 💦 A net income of $250,000 can be achieved by working alone or with a partner, providing financial freedom and more time.
• 🥺 Scaling to 100 houses per year requires a significant marketing budget, as well as hiring lead generators, assistants or marketing specialists, transaction coordinators, and eventually, an acquisitions manager.
• 💪 Managing people and hiring quality team members can be challenging, but focusing on hiring people with a strong commitment and building a strong company culture can lead to success.
• 😤 Implementing the EOS system from the book "Traction" can improve communication, productivity, and efficiency within a team.
• 🐬 Flipping over 100 houses per year may not be suitable for everyone, and it is important to prioritize lifestyle and quality of life.

Questions & Answers

Q: What are the four lead generation strategies for flipping over 100 houses per year?

The four lead generation strategies are cold calling, SMS text blasting, RVM, and direct mail. These methods will help you generate enough leads to flip a high volume of houses.

Q: Can you flip 100 houses per year without building a team?

It is nearly impossible to flip 100 houses per year without a team. Building a team will help you manage the workload, handle marketing campaigns, and ensure efficient operations.

Q: How much should you budget for marketing when flipping over 100 houses per year?

On average, you should allocate 10% to 15% of your gross revenue towards marketing. Starting out, you may spend around $100,000 to $150,000 on marketing, which can increase as you become more experienced.

Q: When should you hire an acquisitions manager in your house flipping business?

The acquisitions manager role is crucial, but it should be the last hire you make. It is recommended to develop trust and find someone within your company after mastering lead generation and assembling a team.

Summary & Key Takeaways

• To flip over 100 houses per year, you need to focus on generating leads through cold calling, SMS text blasting, RVM, and direct mail.

• Building a team is crucial, as it is impossible to flip that many houses alone. You will need to invest in marketing campaigns and hire team members.

• Before scaling to 100 houses, consider maximizing your profits with a net income of $250,000 by working alone or with a partner.