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Justin Williams

๐Ÿ‘ค Speaker
259 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

We're doing wholesaling.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And then we went to fix and flip in 2010.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

It was rough.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And we thought we were going to get into rental properties in 2010.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

Then the beginning of 2011, we sold a few of those rental properties, made a killing.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And I was looking at those returns and started thinking about, you know, why can't we systematize this?

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And then that's when we systematized our actual fix and flip business, which is what we've been doing ever since we've been doing.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

So we do like 100 fix and flips per year.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

So most of our money goes back into our fix and flip business.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

If the market goes back down, or when, I should say, we will grab a bunch of rentals.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

We have like 10, but I just, I cannot.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

It's like you said, it's like a drug.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And I've systematized it to a point to where it's pretty much passive.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

We systematize it to where it's like passive for us.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

And the returns are huge and the income's huge.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

We focus on making about 15% per deal and trying to take that money and turn that three times per year.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

So that's a 45% annualized return on the cash invested, but then we leverage that with other investors and we pay 12% annualized.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

So our personal return is just insane.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

Astronomical.

SaaS Interviews with CEOs, Startups, Founders
How to Do Your First Profitable Real Estate Deal

Astronomical, yeah.