{"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/5ddca02e56dc9f1f1a499dcc?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"HFHQ 29: Bank Financing, People Helping and Life Balancing with Jason and Katherine Grote","description":"<p></p>\n<p><div id=\"attachment_168\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http://www.ibuyaustinhouses.com/\"><img aria-describedby=\"caption-attachment-168\" class=\"size-medium wp-image-168\" alt=\"Jason and Katherine Grote\" src=\"http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-300x300.jpg\" width=\"300\" height=\"300\" srcset=\"http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-300x300.jpg 300w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-150x150.jpg 150w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-160x160.jpg 160w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-240x240.jpg 240w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-60x60.jpg 60w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600-184x184.jpg 184w, http://houseflippinghq.com/wp-content/uploads/2013/09/Jason-and-Katherine-Grote_600x600.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" /></a><p id=\"caption-attachment-168\" class=\"wp-caption-text\">Jason and Katherine Grote</p></div></p>\n<p>Today we are visited by<strong> Jason and Kathrine Grote</strong> who are two house flippers out of Austin, Texas.&nbsp; They are doing some amazing things with Bank financing and balancing their work and family life.</p>\n<p>Have any questions for <strong>Jason</strong>, <strong>Katherine</strong> or myself? <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>Flip Tip</h2>\n<p>A question came in from <strong>David and Kelly Kent</strong> about making offers on the MLS and structuring relationships with agents.&nbsp; If you're making offers on the MLS you have a lot of competition.&nbsp; Either you need to be okay with lower margins or medium-low margins and making a LOT of offers.&nbsp; Full-time MLS offers are time consuming.&nbsp; After one of my assistants made offers <em>full time</em> for 2 months we only ended up with 3 deals.&nbsp; It was worth it, but very difficult.&nbsp; You have to get serious with some direct marketing if the MLS isn't working to get deals.</p>\n<h2>Show Notes</h2>\n<p>In this episode we cover:</p>\n<ul>\n<li>Jason and Katherine's journey from Taxi Cabs and Dance Studios to real estate investing</li>\n<li>The importance of utilizing resources like House Flipping HQ and doing your research to know what you need to do</li>\n<li>The challenges of investor clubs in Texas and things to be aware of</li>\n<li>Their current business model consisting of <em>retail</em>, <em>wholetail</em>, and <em>wholesale</em> deals.\n<ul>\n<li><strong>Retail</strong>: Standard MLS listing and flipping</li>\n<li><strong>Wholetail</strong>: Purchasing potential flip properties and selling it to wholesalers on the open market with less fixing up</li>\n<li><strong>Wholesale</strong>: Bringing deals to investors</li>\n</ul>\n</li>\n<li>Their current methods for acquiring properties using mainly online marketing through their website and how to approach online marketing for acquiring deals</li>\n<li>The importance of understanding what people are going through and how it helps you get referrals.</li>\n<li>Why high-pressure sales are not a good tactic when dealing with real estate</li>\n<li>How Jason and Katherine communicate and deal with sellers</li>\n<li>How people can get started “driving for dollars”</li>\n<li>Their approach to dealing with out-of-state landlords</li>\n<li>The methods the Grote's use to analyze deals and determine the best course of action\n<ul>\n<li>The flip bucket: a property that works well as a flip or wholesale deal</li>\n<li>The buy-and-hold bucket: a property that works better as a rental or long-term hold</li>\n</ul>\n</li>\n<li>How the Grote's use bank financing for their flips and have done it on over 40 deals</li>\n<li>Their approach to rehabbing and fixing up properties</li>\n<li>How the Grote's balance their family and businesses and the importance of setting boundaries and priorities</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/G8Lpc\" target=\"_blank\" rel=\"noopener noreferrer\">“That's the thing about this business.&nbsp; There is no one manual that you can go to learn it.</a>&nbsp; <a href=\"http://ctt.ec/6LeVM\" target=\"_blank\" rel=\"noopener noreferrer\">You just have to get out there and learn it and talk to people and immerse yourself in it.” </a>~ Jason Grote</li>\n<li><a href=\"http://ctt.ec/qkUWa\" target=\"_blank\" rel=\"noopener noreferrer\">“For anyone who wants to get started with online marketing &#8230; the key is to just start.”</a> ~ Jason Grote</li>\n<li><a href=\"http://ctt.ec/74sSO\" target=\"_blank\" rel=\"noopener noreferrer\">“Internet leads need to be mixed with other marketing efforts.”</a> ~ Jason Grote</li>\n<li><a href=\"http://ctt.ec/t5T34\" target=\"_blank\" rel=\"noopener noreferrer\">“You have to be careful how you treat people.”</a> ~ Katherine Grote</li>\n<li><a href=\"http://ctt.ec/Xiv17\" target=\"_blank\" rel=\"noopener noreferrer\">“Yes, we're in the business of making a profit, but at the end of the day everyone has to feel good about the transaction.”</a> ~ Katherine Grote</li>\n<li><a href=\"http://ctt.ec/lwp46\" target=\"_blank\" rel=\"noopener noreferrer\">“What gives you success for longevity is treating people fairly”</a> ~ Jason Grote</li>\n<li>“These motivated sellers need your help.&nbsp; You are <em>helping</em> them.&nbsp; <a href=\"http://ctt.ec/62JIw\" target=\"_blank\" rel=\"noopener noreferrer\">The number one priority is to assist these people and do what is best for <em>them</em>.”</a> ~ Jason Grote</li>\n<li><a href=\"http://ctt.ec/3Nxa6\" target=\"_blank\" rel=\"noopener noreferrer\">“Boundaries are really important”</a> ~ Katherine Grote</li>\n<li><a href=\"http://ctt.ec/kTdZ8\" target=\"_blank\" rel=\"noopener noreferrer\">“Your business needs to serve you.&nbsp; You don't serve your business” </a>~ Jason Grote</li>\n</ul>\n<h2></h2>\n<h2>Transcript</h2>\n<p><a style=\"font-size: 13px;\" title=\"HFHQ 29 TRANSCRIPT: Bank Financing, People Helping and Life Balancing with Jason and Katherine Grote\" href=\"http://houseflippinghq.com/blog/hfhq29-transcript/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to Read and Download the Transcript for Episode 29</a></p>\n<h2>Links and Resources</h2>\n<ul>\n<li><a href=\"http://www.ibuyaustinhouses.com/\" target=\"_blank\" rel=\"noopener noreferrer\">http://www.ibuyaustinhouses.com</a></li>\n<li><a href=\"http://www.facebook.com/IBuyAustinHouses\" target=\"_blank\" rel=\"noopener noreferrer\">http://www.facebook.com/IBuyAustinHouses</a></li>\n</ul>\n<p><div id=\"attachment_1375\" style=\"width: 247px\" class=\"wp-caption alignright\"><a href=\"http://www.meetup.com/forinvestorsbyinvestors/\"><img aria-describedby=\"caption-attachment-1375\" class=\"size-medium wp-image-1375\" alt=\"Tiffany Humfeld\" src=\"http://houseflippinghq.com/wp-content/uploads/2014/02/tiffany-237x300.jpg\" width=\"237\" height=\"300\" srcset=\"http://houseflippinghq.com/wp-content/uploads/2014/02/tiffany-237x300.jpg 237w, http://houseflippinghq.com/wp-content/uploads/2014/02/tiffany.jpg 400w\" sizes=\"(max-width: 237px) 100vw, 237px\" /></a><p id=\"caption-attachment-1375\" class=\"wp-caption-text\">Tiffany Humfeld</p></div></p>\n<h2>Thanks Tiffany!</h2>\n<p>This week <strong>Tiffany Humfeld</strong> dropped by the “studio” and sang an awesome intro for this week's episode.&nbsp; Thanks Tiffany!</p>\n<p>Tiffany is one of the organizers for the <em>great</em> FIBI (For Investors By Investors) meetup in Long Beach, California.&nbsp; If you are in the area be sure to check them out.&nbsp; You can get more information at <a href=\"http://www.meetup.com/forinvestorsbyinvestors/\" target=\"_blank\" rel=\"noopener noreferrer\">their meetup website here.</a></p>\n<p>You can also check her out at <a href=\"http://www.propertysolved.com\" target=\"_blank\" rel=\"noopener noreferrer\">PropertySolved.com</a>.</p>\n<h2>Win 1,000 Yellow Letters! Extended Deadline!!</h2>\n<p>Our yellow letter contest is still going strong!&nbsp; Answer the question “<strong><em>This is why I became a real estate investor</em></strong>” or “<strong><em>This is why I want to become a real estate investor</em></strong>” in the <a title=\"HFHQ 27: Dealing with Sellers and Effective Rehabs with Michael Quarles (Part 2)\" href=\"http://houseflippinghq.com/hfhq-27-dealing-sellers-effective-rehabs-michael-quarles-part-2/\">comments for episode 27</a> and Michael Quarles from yellowletters.com will give <strong>1,000 Yellow Letters</strong> to the person with the best answer. The winner will be decided at the end of Tuesday, February 25, 2014. The best answer will be the one where Michael can really “taste” your hunger to improve their life through real estate investing.</p>\n<p>And for anyone who leaves a comment Michael will also give you free business cards to help your business!</p>\n<h2><a href=\"http://houseflippinghq.com/webinar\"><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\"></a></h2>\n<p><a title=\"HFHQ 27: Dealing with Sellers and Effective Rehabs with Michael Quarles (Part 2)\" href=\"http://houseflippinghq.com/hfhq-27-dealing-sellers-effective-rehabs-michael-quarles-part-2/\"><strong>Click here to enter!</strong></a></p>\n<h2>The next webinar is scheduled!</h2>\n<p>We will have another House Flipping Webinar on <strong>Thursday, March 6, 2014 at 6PM (Pacific)/9PM (Eastern)</strong>. Click on this link below to sign up!</p>\n<p><strong><a href=\"http://houseflippinghq.com/webinar\" target=\"_blank\" rel=\"noopener noreferrer\">houseflippinghq.com/webinar.</a></strong></p>\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: Arvindn [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons<br />\n</em></p>\n<p><iframe src=\"//www.youtube.com/embed/k307_CoERHc?rel=0\" height=\"315\" width=\"560\" allowfullscreen=\"\" frameborder=\"0\"></iframe></p>\n<p>The post <a rel=\"nofollow\" href=\"http://houseflippinghq.com/hfhq-29-bank-financing-people-helping-life-balancing-jason-katherine-grote/\">HFHQ 29: Bank Financing, People Helping and Life Balancing with Jason and Katherine Grote</a> appeared first on <a rel=\"nofollow\" href=\"http://houseflippinghq.com\">House Flipping HQ</a>.</p>","author_name":"Bill Allen"}