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Data Driven Small Business and Things That Don't Scale with Bill Allen #DDRE9

Join us Thursday, August 27 at 9 am PDT for the YouTube Premiere of this episode of the Data Driven Real Estate Podcast and chat along with the PropertyRadar team: https://bit.ly/ddre-premier

Get your questions answered on the upcoming show by posting your questions in our community: https://bit.ly/ddre-9

Bill Allen is a former Naval Officer with 18 years of military experience turned real estate entrepreneur and educator. He is the CEO of the 7 Figure Flipping Mastermind Group which includes 7 Figure Altitude and 7 Figure Runway, dedicated to volume flippers and wholesalers that share tactics and strategies to scale business. He has a BA in mechanical engineering from Georgia Tech and a Master’s degree in Aeronautical and Astronomical engineering. He runs the 7 Figure Flipping Podcast which focuses on the strategies, systems, and secrets of the nation’s top house flippers, wholesalers, and real estate investors. See details on Flip Hacking Live on the website.

Main Topics/Questions:

  • Mechanical engineer to real estate investor, describe your journey
  • Military background: What did you learn and what did you bring to real estate?
  • Why real estate?
  • Flipping vs. Wholesaling
  • Does it take a certain kind of investor to be excellent at flipping vs. wholesaling?
  • Why do some choose one over the other?
  • Black Jack Real Estate
  • 7 Figure Flipping/Business
  • Who is your target user
  • What gets in their way?
  • What makes them successful?
  • What have been the challenges in the past 12 months?
  • What helped?
  • Is the business changing?
  • What role does mastermind groups play in the process?
  • REIA vs matermind
  • What do you use to select your markets?
  • What data do you look at to select inventory?
  • What data is critical in the wholesale space?
  • What do beginners typically miss and what makes people quite?
  • What role does technology play in your business?
  • What does “scale” look like in the wholesaling business?
  • Scale when flipping?
  • What kind of tools and technology must you deploy?
  • What are things that don’t scale well?
  • How are ibuyers being used in the business of your network?
  • What do you see as the future of Wall Street in the space?
  • You work with flippers and wholesalers from all over the country, what makes these seven-figure investors tick?
  • What’s most important? Chocolate or peanut butter?
  • How important is data in their business?
  • Do most of your members deploy the same strategies? Can you share some example of wildly successful investors that use completely different strategies?
  • What strategies are working today?
  • Has this changed? Covid-19?
  • What opportunities are investors missing be it a marketing channel, inventory type, and/or area?
  • What marketing/communication strategies are most effective?
  • Flip Hacker Live
  • Connecting offline? Opportunities/challenges
  • Making a connection through screens
  • Tips
  • What keeps you up at night?
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