Multifamily Legacy Podcast in the NY City Podcast Network

080: Is Flipping/Wholesaling Fastest Way To Make Money?

If you re not good at raising money then you better be behind-the-scenes to make things work Operations is where you make or break deals Today I m talking to RJ Pepino co-founder of Columbus Turnkey Houses He s done more than 500 deals and provides insight into rehab and property management Topics on Today s Episode Brotherhood of Rich Dad Poor Dad Entrepreneurial spirit of Pepino family Journey into Real Estate Seminar that sold RJ on cash flow and cars lifestyle Fastest way to make or lose money Flipping and wholesaling properties Corey is CG OG to bring sexy back by talking about investing in apartments Turnkey Definition Buy distress asset renovate it with standards find tenants and bring property management in-house Buying and Holding Properties Ability to keep and pull out cash flow tax-free money for owning rentals Business Motto We re all about fine tuning our rehab management Bread-and-Butter Classes Neighborhoods with more owners than renters where you can collect rents and everything is good at the end of the day Rehab Book Scope of work and plan to make property safe and functional Home Depot or Lowe s find cost-efficient supply chain to buy same fixtures Snapshot of Process Schedules scopes and personnel Communication and Construction Chat with general contractor GC Change this and fix this Keys to Partnership Success Open communication stay in your lane based on skill set and personality type Constant Changes Learn from every deal and come back stronger and better Links and Resources Mentioned RJ Pepino on Facebook RJ Pepino on Instagram Columbus Turnkey Houses Collective Genius – Real Estate Mastermind Rich Dad Poor Dad by Robert Kiyosaki Extreme Ownership by Jocko Willink and Leif Babin Home Depot Barnett Lowe s HGTV Voxer Traction by Gino WIckman Culture Index Inc Gary Harper of Sharper Business Solutions Kahuna Investments Multifamily Legacy Podcast on Facebook Cashflow HQ Kahuna Boardroom Quotes The fastest way that I saw to make money I got my start as a wholesaler flipping doing a lot of transactions RJ Pepino Most people are just buying and selling They re never keeping anything for themselves That is where the money is made by keeping it Corey Peterson Turnkey is kind of a loose term now A lot of people are saying they re selling turnkey rentals and some of them aren t even doing the rehabs RJ Pepino We re not trying to sell for profit we re trying to rent it for money cash flow If you go spend a hellacious amount of money then there goes your profit Corey Peterson Don t forget to download my Free Workshop Quickstart Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode