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


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!

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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!

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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

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 80,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!


  1. James Ofria

    Great show! So much really interesting information. I’ve listened to most of the shows and it’s always great to hear about different strategies that are going on right now in my area. Thanks BP and Justin for another awesome podcast.

  2. Logan Holmes

    Justin, you have inspired me. So much so, that I am going to follow in your footsteps. If you don’t mind, I have a few questions for you:
    – For your Low-End Wholesale Deals, do you buy the property before finding an end buyer?
    – What other kinds of Lists besides Tax Liens and Driving for Dollars have you tried / are successful at? How do you obtain the Tax Liens list?
    – For High-End New Construction, do you use a reputable home builder (who basically takes care of the construction process for you) or are you more involved where you have to find a General contractor, vendors, etc..?
    – For High-End New Construction, around how much did it cost you to demo the existing house?

    • Justin Silverio

      Thanks Logan. I’m happy to hear that I inspired you.
      – For my wholesales, I put the deal under contract before I find my buyer. I have a good understanding of what other investors are looking for so I’m pretty confident that I can sell it. Worst case scenario, I would close on the deal myself.
      – Absentee, Expansion opportunities, zoning plays, undeveloped lots, probates… I email the treasury department and ask them for the information. You can find a FOIA request form that outlines the email you need to send to your treasury department for your state.
      – I am the acting GC on all my projects.
      – The cost to scrap a house can vary. I’ve paid from $12,000 to $33,000. It depends on the size and the amount of trash in the house.

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