Nathan Stoltzfus is a property investor, licensed realtor, and a renovator of properties that are dilapidated. He has 7 years of experience in construction, and from an early age, his entrepreneurial spirit brought success through flipping properties. He has a bachelor’s degree in Business Administration and Management from Messiah College.
Nathan joins me today to share how he got started in real estate investing and flipping properties. He reveals the financials behind his first property flip and the strategies he uses to find deals. We also discuss strategies on choosing the right contractors for your business, how to give up control and hire staff, and how to reduce risk when the market cools.
“Training your team or your contractors should be like a frog in water. You throw them in the pot and turn up the heat real slow.” Don Costa
On Today’s Episode of Flip Talk:
- Nathan’s background, his career, and how he got into real estate investing.
- How Nathan found his first deal, the hours invested, and figures of flipping the property.
- The size of the market and strategies for finding deals.
- How to determine the position and role of the first person you should hire.
- How to deal with overruns and change orders.
- Tips on how to hire the right contractor and introduce them to your systems.
- How to give up control and not oversee every task yourself.
- The difference between being rich and wealthy, and how to stay grounded.
- How to respond to the market cooling
Nathan’s Tips for Getting into Real Estate Investing:
- You just have to take the leap and do it.
- Don’t overthink it.
- How to Win Friends & Influence People by Dale Carnegie
Connect with Nathan Stoltzfus:
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