016: How To Flip Houses In A Hot Market With Anson Young

Mark Ferguson loves to highlight successful investors on this podcast, and today’s episode is another of those revealing, helpful conversations with a person who started at ground zero, worked his way up by learning from people who were in the business, and finally launched out to begin his own investment business. Anson Young has been flipping houses, wholesaling, and serving as a real estate agent in Denver, Colorado for many years and pulls back the curtain on his story on this edition of The InvestFourMore Podcast.

Serving successful investors could be the way for you to get started in your own real estate investing career.

That’s how Anson Young did it. He got a job working under a successful real estate agent in his local market. It was in that role that he learned about BPOs and other real estate tools that enabled him to have a leg up on the competition. That experience and the knowledge he gained were lessons he hated at the time but is thankful for today. Hear how he advises upcoming real estate investors to go about learning like he did.

Aren’t there a lot of limitations put on real estate agents who are also investors?

There are limitations, no doubt. Today’s guest, Anson Young would be the first to say so. An Agent is regulated by the Real Estate Commission so HOW he goes about finding deals, making offers on them, and many other pieces of the process are carefully scrutinized. But Anson feels that the benefits of being both agent and investor far outweigh the drawbacks. Mark Ferguson draws those advantages out in this conversation, so make sure you listen to get all the details.

[tweetthis]Discover the advantages of being an #Investor and a #RealEstateAgent[/tweetthis]

A hot market is a tough place to do fix and flips, but it can be done.

Anson Young is doing deals in the Denver, Colorado market which has recently been touted as the U.S. Market with the most appreciation (2015). Yet Anson continues to find good deals and flips them for cash. How does he do it? It’s through knowing his market, knowing where to look to find the good properties, and knowing how to negotiate the deals in a way that serves the seller but also leaves enough margin for his profit. Hear how he goes about all of that on this episode of InvestFourMore.

Anson Young is a Virtual Wholesaler. What is that?

Virtual wholesaling is finding properties within a certain dollar amount virtually, through the internet, and buying and reselling the property sight unseen, and never stepping foot on the property or neighborhood it’s in. It might sound impossible, but Anson has done it a few times and has shown a profit. It requires that you know what to look at in a property, how to assess the stats on the local market, and how to build a relationship with an experienced person on the ground in that market who can assist you from that end. Anson walks us through the details of how he goes about it in this episode, so be sure you listen.