BiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio

BiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio

2 min read
The BiggerPockets Podcast Read More

Join for free and get unlimited access, free digital downloads, and tools to analyze real estate.

Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation with Justin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!

Click here to listen on iTunes.

Listen to the Podcast Here

Watch the Podcast Here

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

Fire Round Sponsor

Equity TrustEquity Trust is a financial services company that enables individual investors to diversify investment portfolios through alternative asset classes, including real estate, tax liens, private equity and precious metals.

Get your free 10 Ways to Partner on a Deal with Your IRA Checklist: trustetc.com/bp3

In This Episode We Cover:

  • Recap on last time Justin was a guest
  • Why he was afraid to close that first deal
  • Why he shifted to higher-end rehabs
  • Market dips — and how he proactively takes advantage of them
  • What key metrics he looks at when evaluating a deal
  • The profit spreads Justin looks for
  • Tips for finding contractors from lower end to higher end
  • How many deals he does now
  • How much he makes on each wholesale deal
  • Tips for creating criteria for prospective properties
  • How Justin does driving for dollars
  • His hoarder house story
  • What you should know about zoning restrictions that affect rebuiling a house
  • How to track a direct mail list
  • His experience quitting his job
  • His most exciting deals
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
  • “If there’s a deal, you will find the money.” (Tweet This!)
  • “It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)

Connect with Justin

Show Preview