WIP 2089: #ThrowbackThursday - Flipping vs. Wholesaling After 14 Years in Real Estate

Should you flip the house, or should you just wholesale it and walk away with a quick assignment fee? In this #ThrowbackThursday episode, Brent Daniels sits down with Justin Silverio, a 14-year real estate veteran who has completed hundreds of deals ranging from entry-level flips to luxury high-end construction in Boston.

Justin breaks down the exact evolution of his business, explaining why he ultimately chose to wholesale the majority of his inventory while cherry-picking only one or two massive luxury flips a year. You will learn why the entry-level housing market is the safest place for new flippers, the massive risk of long-term holds during market shifts, and why hit rates on skip-tracing mean absolutely nothing if the data is garbage. Be a part of the TTP training program now.

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Show notes:

• (0:00) Beginning of today’s episode
• (1:07) Why new flippers must start in the entry-level housing market to reduce risk
• (2:48) The undeniable power of buying under the median price point (bigger buyer pool, faster sales)
• (4:23) How to cherry-pick your best deals for flipping and wholesale the rest
• (7:41) The harsh reality of high-end luxury flips and navigating strict city zoning laws
• (11:20) Why the desire to build and design can cost you massive assignment profits
• (14:31) Why the vast majority of volume flippers eventually get wiped out by the market
• (17:38) How sending 500 mailers a week launched Justin's real estate career
• (20:40) Why successful direct mail requires a sniper approach rather than a shotgun approach
• (22:41) A deep dive into the Envelo app and the new AI-powered Driving for Dollars feature
• (28:42) A realistic breakdown of a direct mail budget for new wholesalers ($1,200/mo for 2,000 records)

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Resources:

• Envelo
• TTP Insider
• To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe

Want to know how top real estate wholesalers and investors are finding and closing deals in today’s market?

Join Brent Daniels, Todd Toback, Logan Fullmer, Gal Shmukler, Ryan Zolin, Brandon Jarvela and Brian North LIVE in Phoenix, October 8–9. Learn what’s working now with MLS deals, novations, title deals, multifamily, raising capital, sales and negotiation.

Seats are limited! Reserve yours before they’re gone:

 https://www.wincsuperstarretreat.com/