Flipping Houses to Fuel Apartment Building Acquisitions & Passive Income with Sterling Chapman

Published: Dec. 1, 2022, 8:04 a.m.

b"In this episode, Sterling Chapman shares the techniques, systems, and tools he has used for flipping real estate and single-family residences in order to fund his apartment building investments. He also discusses what distinguishes him and his flipping as well as lessons related to flipping in real estate.\\n\\n[00:01 - 04:40] Opening Segment\\nSterling shares about his background and how he got into real estate\\nStarted by burring houses and duplexes\\xa0\\nBuying his first apartment syndication project in february 2021\\n\\xa0\\n[04:41 - 09:04] Flipping Strategies\\xa0\\nGoing broke when you first start flipping\\xa0\\nGetting deals from wholesalers in the local market\\nBuilding relationships and making sales and house fixes public\\xa0\\nOutsource whenever you can\\xa0\\n\\xa0\\n[09:05 - 16:45] Working with Wholesalers and Scaling Up\\nWorking with people who are willing to do the work\\xa0\\nThere is no guarantee of success but he will help\\xa0\\nThere are wholesalers who don\\u2019t want to share resources\\xa0\\nStarted by doing everything himself\\n\\xa0\\n[16:46 - 22:35] Funding His Own Apartment\\nJust recently started in house flipping\\nInvesting more to get a bigger return long term\\xa0\\nFlipping is risky\\nInvesting in apartment syndication to mitigate taxes and loss\\xa0\\n\\xa0\\n[22:36 - 27:59] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?The 2 house flips he sold earlier this year\\xa0\\n\\nSterling Chapman\\u2019s worst investments\\xa0The first house that he bought\\xa0\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?A good business person is not being a shrew negotiator\\n\\n\\nConnect with Sterling Chapman:\\nWebsite: https://crestworthcapital.com/\\nEmail: sterling@crestworthcapital.com\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cI don't think that being a shrew negotiator and squeezing every last dime outta the deal is what makes you a good business person. I think what makes you a good business person is having everybody want to do business with you over and over.\\u201d - Sterling Chapman"