{"id":80992,"date":"2016-09-29T00:02:05","date_gmt":"2016-09-29T06:02:05","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=80992"},"modified":"2023-04-14T01:57:36","modified_gmt":"2023-04-14T07:57:36","slug":"bp-podcast-194-achieving-impressive-spreads-through-high-end-flips-with-justin-silverio","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-194-achieving-impressive-spreads-through-high-end-flips-with-justin-silverio","title":{"rendered":"Achieving Impressive Spreads Through High-End Flips with Justin Silverio"},"content":{"rendered":"<p>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\u00a0conversation with<strong> Justin Silverio<\/strong>, an investor who successfully made the switch to full-time real estate entrepreneur\u00a0and who is now focusing on the niche of <strong>higher-end rehabs.<\/strong> For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don&#8217;t miss this inspiring episode of the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a>!<\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3334747285&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Achieving Impressive Spreads Through High-End Flips with Justin Silverio | BP Podcast 194\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/UmJCx2WjwHI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-80996 size-full alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/09\/Equity-Trust-Logo.png\" alt=\"Equity Trust\" width=\"270\" height=\"93\" title=\"\"><strong>Equity Trust<\/strong> 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.<\/p>\n<p>Get your free\u00a010 Ways to Partner on a Deal with Your IRA Checklist:\u00a0<a href=\"https:\/\/www.trustetc.com\/bp3\" target=\"_blank\" rel=\"noopener\">trustetc.com\/bp3<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li><strong>Recap<\/strong> on last time Justin was a guest<\/li>\n<li>Why he was afraid to close that\u00a0<strong>first deal<\/strong><\/li>\n<li>Why he shifted to<strong> higher-end rehabs<\/strong><\/li>\n<li><strong>Market dips<\/strong> &#8212; and how he proactively takes advantage of them<\/li>\n<li>What key <strong>metrics<\/strong> he looks at when evaluating a deal<\/li>\n<li>The <strong>profit<\/strong> spreads Justin looks for<\/li>\n<li>Tips for finding <strong>contractors<\/strong> from lower end to higher end<\/li>\n<li>How many <strong>deals<\/strong> he does\u00a0now<\/li>\n<li>How much he makes on each <strong>wholesale<\/strong> deal<\/li>\n<li>Tips for creating <strong>criteria<\/strong> for prospective properties<\/li>\n<li>How Justin\u00a0does\u00a0<strong>driving for dollars<\/strong><\/li>\n<li>His\u00a0<strong>hoarder<\/strong> house story<\/li>\n<li>What you should know about <strong>zoning<\/strong> restrictions that affect rebuiling a house<\/li>\n<li>How to <strong>track<\/strong> a direct mail\u00a0list<\/li>\n<li>His experience <strong>quitting<\/strong> his job<\/li>\n<li>His most <strong>exciting<\/strong> deals<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2016\/08\/04\/bp-podcast-186properties-competitive-market-dave-meyer\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 186: How to Get Your First Few Properties \u2014 Even in a Competitive Market with Dave Meyer<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/02\/20\/058-flipping-wholesaling-homes-working-full-time-justin-silverio\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio<\/a><\/li>\n<li><a href=\"https:\/\/facebook.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Facebook Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/daveatbp\" target=\"_blank\" rel=\"noopener noreferrer\">Dave&#8217;s Twitter Account<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/brandonatbp\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s Twitter Account<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/amzn.to\/2cSPHZC\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Investor<\/em><\/a> by Gary Keller<\/li>\n<li><a href=\"https:\/\/amzn.to\/2dfqmuh\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"https:\/\/amzn.to\/2dz1j5y\" target=\"_blank\" rel=\"noopener\"><em>The New One Minute Manager<\/em><\/a> by\u00a0Ken Blanchard<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;When you go to a higher price point, the ability to create a larger profit is just much greater.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22When%20you%20go%20to%20a%20higher%20price%20point,%20the%20ability%20to%20create%20a%20larger%20profit%20is%20just%20much%20greater.%22%20BP%20Podcast%20194%20biggerpockets.com\/show194\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If there\u2019s a deal, you will find the money.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22If%20there%E2%80%99s%20a%20deal,%20you%20will%20find%20the%20money.%22%20BiggerPockets%20Podcast%20194%20biggerpockets.com\/show194%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;It\u2019s really difficult when you start, but after you get through the first couple deals, it gets easier.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20really%20difficult%20when%20you%20start,%20but%20after%20you%20get%20through%20the%20first%20couple%20deals,%20it%20gets%20easier.%22%20biggerpockets.com\/show194\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Justin<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/jls944\" target=\"_blank\" rel=\"noopener noreferrer\">Justin&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/openlettermarketing.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Open Letter Marketing<\/a><\/li>\n<li><a href=\"mailto:justin@openlettermarketing.com\" target=\"_blank\" rel=\"noopener noreferrer\">Email Justin<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 194 Preview: Building that lead funnel\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/tnkQjeqY5DI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0conversation with Justin Silverio, an investor [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-80992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/80992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=80992"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/80992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118662"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=80992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=80992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=80992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}