Accredited Income Property Investment Specialist (AIPIS)

Justin Williams, Founder of House Flipping HQ. With over 8 years of experience as a real estate investor, having flipped over 500 homes, Justin is dedicated to making House Flipping HQ the ultimate online resource for house flipping.

His goal is to provide the house flipping resource hub that he wished had been around when he first started out. No fluff. Just real, actionable information that you can use today.

Justin and Jason had a dual interview where they discussed flipping or buy and hold, how to run a successful business and ways to make your overall life better.

Key Takeaways:

[2:14] Justin's niche in the real estate environment

[4:11] The number of markets Jason recommends being in

[6:00] Jason's history in the real estate world

[8:30] The infomercial that got Justin into real estate (and why he's still owed a car)

[10:28] Justin's educational classes and what they help people do

[12:44] Systems that Justin has had to implement to make his business thrive

[17:34] The power of testimonials

[20:52] The importance of the business model

[25:25] Using leverage

[27:02] How taking a step back can help your business leap forward

[29:13] Why people would rather call successful people liars than admit they did something they haven't

[30:56] Addressing the CONTEXT of your life rather than the CONTENT

[33:14] How focusing on 2 main businesses at once is a recipe to not have success in either

[36:12] You're going to feel the bumps in the road, but you have to keep moving forward and control your emotions

Websites Mentioned:

Direct download: AIPIS_147_Justin_Williams.mp3
Category:general -- posted at: 11:38pm EDT

Jason Hartman talks with his client Greg Scott, a real estate investor living in Detroit and employee at Ford, about the current state of the Detroit real estate market, whether it might actually be a GOOD investment now, the future of self driving cars and more.

Key Takeaways:

[3:09] Where Greg currently owns rental properties

[5:29] The peak of metro Detroit's population and what's going on right now that might be making the population grow again

[7:37] One of Detroit's suburbs is actually the 11th wealthiest county in the USA

[9:53] Some demographic trends in Detroit

[11:40] Why Greg is the most optimistic about the future of Detroit than he's been in his entire life

[16:12] Some areas of Detroit that go along with the automotive industry and some that don't

[18:40] Greg's road to preparing to do multifamily investing in Detroit

[23:27] What Greg does for Ford

[26:57] How quickly we're approaching self driving cars and the new city built to be a self driving car test ground

[29:15] How self driving cars can change the landscape of cities

[32:45] If cars didn't need parking spots, what would we do with the 40% of the city that's currently being used for parking

Direct download: AIPIS_146_Greg_Scott.mp3
Category:general -- posted at: 8:00am EDT

Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.  Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.  Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company.

Key Takeaways:

[2:30] The history of Jefferson's investing and value investing with mobile home parks

[4:38] Whether the mobile home park scene is too crowded or if there's still room

[7:07] How to find a broker for mobile home parks

[11:22] If Jefferson prefers park or tenant owned homes

[14:02] The interest rates being charged to tenants when they're buying homes

[18:20] Why mobile home parks aren't being built anymore

[19:25] The biggest mistake Jefferson made in the mobile home park real etate market

[22:20] How Jefferson went about turning a mobile home park into a better investment after purchase

Websites Mentioned:

Direct download: AIPIS_145_Jefferson_Lilly.mp3
Category:general -- posted at: 3:01pm EDT

Marc is the founding partner and managing director of both the American Home Recovery Fund and NoteWerx, the cutting-edge note portfolio management cloud ware.

Marc brings over 20 years of senior management and transactional experience in the paper business of mortgage banking and real estate. Marc co-founded American Home Recovery Fund, a multi-million dollar private equity multi-fund, whose primary mission is to purchase NPLs and modify the current borrowers. With the expansion and success of the fund’s business, AHRF developed their own note portfolio management platform, but when it became clear that their software filled a huge void in the note space, NoteWerx was born and turned into its own business channel.

Marc also serves as president of American Home Veterans, a non-profit organization in formation to convert distressed housing assets into donation homes and provides sustainable housing for our nation’s disabled veterans.

Key Takeaways:

[2:08] How the American Home Recovery Fund buys distressed assets but tries to keep people in their home

[5:03] Why investors are crossing over into new territory when traditionally they've specialized

[7:33] Why banks are selling the notes rather than collecting the money from borrowers themselves

[9:32] Why banks haven't gotten more organized since the housing collapse

[11:34] What kind of inventory is still available on the market

[15:02] Great properties available in middle America

[17:49] Where Marc sees the market going in the next few years

[19:24] If the Dodd-Frank revisions have impacted his business

Websites Mentioned:

Direct download: AIPIS_144_Marc_Gold.mp3
Category:general -- posted at: 10:47pm EDT

Justin Shum, CEO of Avenue, is a first time homeowner and serial entrepreneur, who previously founded ReadyChat, a leading live chat services provider for real estate industries. Justin previously founded and was CEO of 121LiveAgent, a live chat solutions provider. Through his experience at 121LiveAgent, Justin saw an unmet need in the real estate space for greater customer service, and soon after founded ReadyChat, which he currently serves as CEO. Now he has combined his business acumen and first-hand experience as a consumer to create Avenue. Avenue was named the Winner at the 2015 Realogy FWD Innovation Summit.

Key Takeaways:

[1:47] How real estate apps like Avenue are changing the real estate model

[4:46] How the interaction with real estate agents works on Avenue and why it works for consumers and realtors

[7:30] Changes in the real estate industry that are being brought by technology and where it's headed

[12:25] Why Avenue is targeting the US market instead of focusing on Canada, where Justin lives

[14:01] How real estate agents can use ReadyChat to help with their lead conversions

Websites Mentioned:

Direct download: AIPIS_143_Justin_Shum.mp3
Category:general -- posted at: 11:04pm EDT

David T.S. Wood is a Business Leader, an Author, a Trainer, a Coach and a Humanitarian who has lived, traveled, worked in over 50 countries, and brings his passion for people, culture and the unknown to everything he does.

Jason Hartman discusses 3 different strategies for investing in real estate, what an executive flip is, how to not get caught in the fools game, the difference between an investment and a speculation, the bubble of 2005 with David Wood, from Amplified Living.

Key Takeaways:

[5:30] “I prefer the high end flips because i think the people who are going to buy a million or 2 million dollar

house, often lack vision.”
[10:07] “If you’re buying real estate with a long term vision of having complete financial freedom, then the money coming in you shouldn’t be spending.”

[21:02] – Everything about real estate investing involves disciplines

[26:57] – “And i find kindness is one of the great methods of negotiation”

Websites Mentioned:

Direct download: AIPIS_142_David_Wood.mp3
Category:general -- posted at: 10:26pm EDT

Aaron Hoos is the author of The Sales Funnel Bible, a handbook for business owners to help them start, run, and grow a profitable business.

His work has appeared in numerous periodicals, including The Globe and Mail, Alberta Oil Magazine, Private Capital Magazine, Aspire Magazine, ThinkSales Magazine, McGraw-Hill textbooks, and more. My clients include companies like HP, SAP, Enterprise Rent-A-Car, TD Waterhouse, and more.

Jason Hartman talks with Aaron, a funnel design expert, about good copywrighting and sales funnels.

Key Takeaways:

[5:08] The importance of a headline, and where headlines, unexpectedly, show up today

[11:01] The founders of copywrighting strategy

[15:17] Working through the sales funnel

Websites Mentioned:

Direct download: AIPIS_141_Aaron_Hoos.mp3
Category:general -- posted at: 11:51pm EDT