Real Estate Investing Show for Professional Investors
Alex Pardo on Flipping Real Estate
Dec 10 2018
[Podcast #85] Real Estate Investing Minus the Bank.
Alex Pardo is the founder of http://www.FlipEmpire.com and its parent company, Creative RE-Solutions, LLC, and have flipped well over 300 properties.
He does 3-4 deals a month. This year, his average profit is $65,000 versus $19,000 last year.
His biggest deal in 2018 was almost $125000 in profits.
Alex will use Private Money to fund deals and close them.
He does a lot of automation to free up a lot of his time. He works 9am to 3:30pm. He takes a month off throughout the year to travel.
He began outbound calling a year ago. It is significantly more cost efficient than direct mail. You have to follow the rules for outbound calls.
Referrals are also very effective.
Jay and Alex discuss a secret about how the Seller's Mind works.
Morning rituals are important in Alex's success. He reads on a daily basis. He uses an App for Meditation (10 minutes) in the morning.
His To-Do List is 3-5 things. He follows the "Eating the Frog" system from Brian Tracy.
He is reading "Profits First" by Mike Michalowicz .
For people who have not done their first deal, his advice is to get a Mentor.
Alex graduated from college in 2002 with a Finance and M.I.S. degree, and went to work for General Electric's Financial Management Program (in their Consumer Finance division). At the time, he had aspirations of becoming a CEO of a Fortune 500 company, but sometime during my third month on the job, after working an average of 75 hours a week, he quickly realized that he wasn't going to create the lifestyle I envisioned working for someone else.
Flip Empire is the platform for him to deliver you quality real estate investing content
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