{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ddc9fe99d861b70468f0d1a/5ddca02e56dc9f1f1a499dca?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"HFHQ 31: Tim Gordon the Action-Taking Sophomore House Flipper","description":"<p></p>\n<p><strong>Tim Gordon</strong>, a “sophomore” investor has taken incredible action and shares with us how he got his first deal and the struggles he had.&nbsp; We talk about benchmarks, success and closing deals.&nbsp; Plus we get in to some details about financing and rehabbing and much more!</p>\n<p>Have any questions for Tim or I? <strong>Just post them in the comments area below!</strong> And if you like what you hear, be sure to<em> </em><em></em><a href=\"itms://itunes.apple.com/us/podcast/house-flipping-hq-podcast/id730653890?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">click here to subscribe in iTunes</a>. And while you’re there, why not <strong>leave us a review and five-star rating?</strong></p>\n<h2><img class=\"alignright\" alt=\"The House Flipping Mastermind\" src=\"http://houseflippinghq.com/wp-content/uploads/2014/01/hfmm_webinar_banner_click-here_600-300x216.jpg\" width=\"270\" height=\"194\"></h2>\n<h2>The next webinar is tonight!</h2>\n<p><strong>Tonight (March 6, 2014)</strong> we will have another House Flipping Webinar <strong>at 6PM (Pacific)/9PM (Eastern)</strong>. Click on this link below to sign up!</p>\n<p>This time I'll be focusing heavily on acquisitions!</p>\n<p><strong><a href=\"http://houseflippinghq.com/webinar\" target=\"_blank\" rel=\"noopener noreferrer\">houseflippinghq.com/webinar.</a></strong></p>\n<h2>And the winner is &#8230;.</h2>\n<p>The winner of the Michael Quarles 1,000 yellow letters give-away is <em><strong>Ed</strong></em>!&nbsp; Just e-mail Michael at <a href=\"mailto:michael@yellowletters.com\" target=\"_blank\" rel=\"noopener noreferrer\">michael@yellowletters.com</a> to let him know you were the one who won (we have your email on file, so this is how we confirm your identity).</p>\n<p>For the rest of you who entered, you can also email&nbsp;<a href=\"mailto:michael@yellowletters.com\" target=\"_blank\" rel=\"noopener noreferrer\">michael@yellowletters.com</a> with the subject line “<strong>HFHQ Biz Cards</strong>” with your complete name and mailing address and he'll get you the business cards that he mentioned in the podcast episode.&nbsp; We'll be checking your name against the entries so be sure you actually entered the contest if you send an email! <img src=\"https://s.w.org/images/core/emoji/12.0.0-1/72x72/1f609.png\" alt=\"😉\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" /></p>\n<h2>Show Notes</h2>\n<p>In this episode we cover:</p>\n<ul>\n<li>Tim's introduction to the potential of real estate investing</li>\n<li>His first experiences with a real estate investment clubs and learning to flip through a 60-day challenge “boot-camp”\n<ul>\n<li>The specific things Tim did to take action during his 60-day intensive challenge\n<ul>\n<li>Learn how to comp properties and connect with agents</li>\n<li>Required you to make over <strong>50 phone calls a week</strong> (FSBO, Craigslist, etc.)</li>\n<li>Trains you to handle rejection</li>\n<li>Use of Proof of Funds to make offers</li>\n<li>Required you to make at least <strong>10 offers per week</strong></li>\n<li>Forces you to make more offers than a normal professional investor makes in a typical year</li>\n</ul>\n</li>\n<li>The find whatever you are the most uncomfortable and make sure you learn how to do it.</li>\n</ul>\n</li>\n<li>Different methods he used to connect with sellers and deals\n<ul>\n<li>More traditional methods like using the MLS or talking to agents</li>\n<li>Less traditional methods like going on Craigslist or finding FSBO signs</li>\n</ul>\n</li>\n<li>Tim's experience with the <em>Flip to Freedom</em> event for wholesalers</li>\n<li>How Tim found his first deal by looking at rental ads on Craigslist\n<ul>\n<li>Tim's use of $1,250 from his first deal on mailers during Thanksgiving</li>\n<li>The story of Tim's second deal which forced him to listen and solve problems</li>\n</ul>\n</li>\n<li>How Tim developed his business during 2013\n<ul>\n<li>Use of Zoho as a CRM (Customer Relationship Management) system</li>\n</ul>\n</li>\n<li>Tim's current marketing strategies\n<ul>\n<li>In the beginning of 2013 Tim was using strictly direct mail</li>\n<li>Later 40% of deals were through direct mail, 35% were through other wholesalers and 25% were through the MLS.</li>\n<li>His current focus is on absentee owners although he's done owner-occupants, but hasn't pulled deals yet</li>\n<li>Using SEO and the web to generate leads</li>\n</ul>\n</li>\n<li>Tim's next step to build his business by bringing on people to help him automate his systems</li>\n<li>Tim's unique approach to financing through an FHA 203K Loan\n<ul>\n<li>3.5% down payment</li>\n<li>Requires occupancy in one unit for at least a year</li>\n<li>203K means the property requires repairs which are amortized over 30 years</li>\n<li>From single-family to a four-unit property</li>\n</ul>\n</li>\n<li>How Tim's full time job gives him access to great financing</li>\n</ul>\n<h2>Tweetable Quotes</h2>\n<p>Click a quote to tweet it!</p>\n<ul>\n<li><a href=\"http://ctt.ec/mKsWp\" target=\"_blank\" rel=\"noopener noreferrer\">“What gets measured gets done” </a>~ Justin Williams</li>\n<li><a href=\"http://ctt.ec/fbpXd\" target=\"_blank\" rel=\"noopener noreferrer\">“I don't need to reinvent the wheel.</a>&nbsp; <a href=\"http://ctt.ec/135IE\" target=\"_blank\" rel=\"noopener noreferrer\">I just need to do consistent marketing on a monthly basis, no matter what the results are.”</a> ~ Tim Gordon</li>\n<li><a href=\"http://ctt.ec/d1JcT\" target=\"_blank\" rel=\"noopener noreferrer\">“I need to have systems in place to track and monitor my leads” </a>~ Tim Gordon</li>\n<li><a href=\"http://ctt.ec/f5mkW\" target=\"_blank\" rel=\"noopener noreferrer\">“You have to invest to get the results”</a> ~ Tim Gordon</li>\n<li><a href=\"http://ctt.ec/05m6x\" target=\"_blank\" rel=\"noopener noreferrer\">“You've got to get your hands dirty” </a>~ Justin Williams</li>\n<li><a href=\"http://ctt.ec/pCv2r\" target=\"_blank\" rel=\"noopener noreferrer\">“Everything I was doing when I didn't have deals was preparing me for when I did”</a> ~ Tim Gordon</li>\n<li><a href=\"http://ctt.ec/2ebh5\" target=\"_blank\" rel=\"noopener noreferrer\">“Once you label yourself as a problem solver, you aren't surprised when problems come up” </a>~ Justin Williams</li>\n<li><a href=\"http://ctt.ec/1L5M1\" target=\"_blank\" rel=\"noopener noreferrer\">“Reverse engineer the deal to find out who it's best for, and then go find them.” </a>~ Tim Gordon</li>\n<li><a href=\"http://ctt.ec/49yTL\" target=\"_blank\" rel=\"noopener noreferrer\">“Once you add value, you get paid”</a> ~ Tim Gordon</li>\n</ul>\n<h2>Transcript</h2>\n<p><a title=\"HFHQ 31 TRANSCRIPT: Tim Gordon the Action-Taking Sophomore House Flipper\" href=\"http://houseflippinghq.com/blog/hfhq32-transcript/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to Read and Download the Transcript for Episode 31</a></p>\n<h2>Links and Resources</h2>\n<ul>\n<li><a href=\"http://www.biggerpockets.com\" target=\"_blank\" rel=\"noopener noreferrer\">Bigger Pockets</a></li>\n<li><a href=\"http://sdcia.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Bill Tan's San Diego Creative Investor's Association</a></li>\n<li><a href=\"http://www.womensinvestclub.com/Pages/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">InvestClub for Women</a></li>\n<li><a href=\"http://www.flip2freedom.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Flip2Freedom</a> with Sean Terry</li>\n<li><a href=\"http://www.zoho.com\" target=\"_blank\" rel=\"noopener noreferrer\">Zoho.com</a></li>\n<li><a href=\"https://www.wfhm.com/loans/danny-fitzpatrick/mortgage-refinance/index.page\" target=\"_blank\" rel=\"noopener noreferrer\">Danny Fitzpatrick with Wells Fargo in San Diego</a></li>\n<li><a href=\"mailto:tim@gordonbuyshomes.com\" target=\"_blank\" rel=\"noopener noreferrer\">Tim's Email: tim@gordonbuyshomes.com</a></li>\n<li>Facebook (<a href=\"http://facebook.com/timgordon\" target=\"_blank\" rel=\"noopener noreferrer\">facebook.com/timgordon</a>)</li>\n</ul>\n<h2>Leave us a Rating and Review!</h2>\n<p>If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! <a href=\"itms://itunes.apple.com/us/podcast/house-flipping-hq-podcast/id730653890?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">Head on over to iTunes</a> 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. <img alt=\":-)\" src=\"http://houseflippinghq.com/wp-includes/images/smilies/icon_smile.gif\"> <a href=\"itms://itunes.apple.com/us/podcast/house-flipping-hq-podcast/id730653890?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Click here to leave a review and rating</strong></em></a> If you have any<strong> questions or comments</strong> about this show or it’s contents, <em>please post them in the comments area below</em> and I’ll be happy to answer them!</p>\n<p><em>Image Attribution:<br />\n</em></p>\n<p><iframe src=\"//www.youtube.com/embed/dBu_mepAERA\" height=\"315\" width=\"560\" allowfullscreen=\"\" frameborder=\"0\"></iframe></p>\n<p>The post <a rel=\"nofollow\" href=\"http://houseflippinghq.com/hfhq-31-tim-gordon-action-taking-sophomore-house-flipper/\">HFHQ 31: Tim Gordon the Action-Taking Sophomore House Flipper</a> appeared first on <a rel=\"nofollow\" href=\"http://houseflippinghq.com\">House Flipping HQ</a>.</p>","author_name":"Bill Allen"}