Broke to Real Estate Millionaire...

  Рет қаралды 105,808

UpFlip

UpFlip

Күн бұрын

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Aaron Amuchastegui excels at helping people buy real estate at a discount, and he’s turned that expertise into a thriving real estate business. Between his tools-like Lead Propeller, Prophawk, and Roddy’s Foreclosure Listing-and the more than 800 properties he owns across Texas, his businesses generate a quarter million dollars in revenue every month. Learn how he started and grew his real estate investing business in this interview.
Aaron started his first real estate business in 2009, just after the housing crash forced the California company where he’d worked as a realtor to downsize. He drew on his real estate expertise to invest in foreclosed properties, building a hedge fund from scratch and flipping over 1,000 homes in 3 years. That success was short lived, however. Competition from large investment firms forced his business to close and led to Aaron shifting his focus to properties in Texas.
The lessons he learned growing that first real estate business proved beneficial when he started investing again in 2015. In this episode, he’ll share what he did differently the second time around, as well as his advice for other new investors to avoid making the same missteps.
Today, Aaron’s business goes beyond simply investing. He’s expanded into the technology side of real estate investment, starting with his purchase of Roddy’s Foreclosure Listing in 2017. We’ll learn why he decided to broaden his focus to include investor tools and how he’s achieved consistent year-over-year growth with the listing service since he acquired it.
Resources:
bit.ly/3WQRffz - Start or Grow Your Business with UpFlip Academy
4closure.info/ - Find Out More About Roddy’s Foreclosure Listing
#realestatebusiness #realestateinvesting #realestate

Пікірлер
@UpFlip
@UpFlip Жыл бұрын
UpFlip Academy helps fast-track your journey from startup to success story, join us at: bit.ly/3WQRffz
@realestatecoachestv
@realestatecoachestv Жыл бұрын
I am happy this host came back!! He makes the show easy to watch..
@Selfpaidswipe
@Selfpaidswipe Жыл бұрын
12:04 “my grandfather died before I was born” Interviewer: man that’s *AWESOME*
@billjohnsonpgc
@billjohnsonpgc Жыл бұрын
Lmao
@thediydentalchairguy7269
@thediydentalchairguy7269 Жыл бұрын
Omg 😂 bro...
@jimdandy8996
@jimdandy8996 Жыл бұрын
lol
@paul.bulanov
@paul.bulanov Жыл бұрын
Great catch! The “awesome” part was that it’s his grandpa that he’d have lunch with and that he admires him so much but I can see how that turned out 😀 at he least he got it
@jakedangler612
@jakedangler612 Жыл бұрын
looooooooooooooooooool
@AaronAmuchastegui
@AaronAmuchastegui Жыл бұрын
This was so much fun hanging out with Paul and his crew
@NickUhas
@NickUhas Жыл бұрын
Literally my favorite episode!
@UpFlip
@UpFlip Жыл бұрын
That's awesome! Thank you for watching! ☺️
@grabthemappodcast
@grabthemappodcast 11 ай бұрын
I appreciated the honesty in your discussion about work-life balance, especially as an entrepreneur. It's refreshing to hear someone acknowledge the challenges and share their strategies.
@SamiraWelchREI
@SamiraWelchREI 3 ай бұрын
Appreciate the share, it’s fantastic!
@JamesMFInvest
@JamesMFInvest 5 ай бұрын
Aaron’s story is a reminder that the best investors don’t just survive downturns; they innovate and thrive. This interview is a goldmine for anyone looking to elevate their game in real estate-whether you're just starting or looking to level up.
@UpFlip
@UpFlip 5 ай бұрын
Thanks for highlighting that! ✨
@bblandscapingservicesinc
@bblandscapingservicesinc Жыл бұрын
Awesome video like always! Side note…as a business owner I disagree with his comment about being Leary of a contractor wanting 50% down. That’s how we operate to keep above water. No reason to be the customers bank!
@geraldlofton
@geraldlofton 11 ай бұрын
You need to have the CASH to operate a business otherwise down be in business, because if u run off now I got to go do something to you to get my MONEY 💰 why play games (I know I’m in south Florida where all the games are played, Do NOT give any contractor 50%down period
@kwannp6141
@kwannp6141 11 ай бұрын
Only a fool would pay any contractor 50% upfront! What that tells me if you need that much upfront is you suck at managing your money, probably not earning enough work to make money/profits, probably delivering horrible results! Why in the world should you be trusted? This is business not a friendship!!
@DrMidnight-oz1rk
@DrMidnight-oz1rk 7 ай бұрын
​@@kwannp6141I give contractors 50% to start and get out first in line and get finished fast. You get a receipt for the 50, then pay the others 50 when it's done
@shawnl3151
@shawnl3151 7 ай бұрын
100% of scammer contractors ask for cash advances. It’s called working capital. Any other business you don’t pre pay. Get your car worked on they don’t ask for half up front. If you’re properly licensed you can lien the house. Worst case set up credit card processing and take the deposit there so all parties are protected and no can’t be charged back if you document your work.
@shawnl3151
@shawnl3151 7 ай бұрын
What you actually mean is you want the customer to be your bank and provide your working capital. No other business asks to be paid half before they even start
@KEN_DOES_IT
@KEN_DOES_IT 11 ай бұрын
This was an incredible interview man! Great Job
@Zukaarimoto
@Zukaarimoto Жыл бұрын
I need to binge watch a lot of these.
@UpFlip
@UpFlip Жыл бұрын
Please feel free to browse through our videos for more inspiration and value. ☺️
@GabeItchess
@GabeItchess 11 ай бұрын
fr i was tryna gain more knowledge on every business and their mindset
@farmerjeffmays9858
@farmerjeffmays9858 11 ай бұрын
Always Valuable Content 💰
@jaykua6193
@jaykua6193 Жыл бұрын
This is a great episode and all, but this guy is the reason why the housing market is as screwed as it is. He's contributing to the big problem across the country.
@UpFlip
@UpFlip Жыл бұрын
Thank you for sharing your thoughts! Appreciate you tuning in! 🙏
@heinaye3594
@heinaye3594 10 ай бұрын
I understand where you're coming from but without profit incentive, why would anyone fix up a distressed property? We would just end up with a bunch of rundown, abandoned homes.
@jaykua6193
@jaykua6193 10 ай бұрын
@@heinaye3594 The exact problem is in your statement- real estate being seen as a wealth vehicle for profit, which is directly contributing to the housing issues we face today. No one should be fixing a home up for the reason of profit incentive, it should be because the upgrades are being used to house an individual. Capitalism says otherwise, so it is what it is.
@heinaye3594
@heinaye3594 10 ай бұрын
@@jaykua6193 I see. Why don't you practice what you preach then and start building and fixing up homes for other people to live in for free? Or are you all talk?
@jaykua6193
@jaykua6193 10 ай бұрын
@@heinaye3594 Who said anything about fixing up homes for people to live for free? Why you came to that conclusion is your problem buddy.
@ryancope7841
@ryancope7841 Жыл бұрын
I want everyone to know you can not make money in real estate with $0
@YeahhJaybee
@YeahhJaybee Жыл бұрын
U didnt pay attention at all
@billjohnsonpgc
@billjohnsonpgc Жыл бұрын
I’ve been in real estate for 20 years. You are absolutely correct. Anyone who says otherwise is probably the ones living at home who haven’t done a single deal but love to watch KZbin videos.
@mikepersley5498
@mikepersley5498 Жыл бұрын
I have 100% made money in real estate with 0 money. If you want it, you’ll offer value & make it happen. Point blank
@GregRentschler
@GregRentschler Жыл бұрын
Not true - I fund some deals where the guy doesn't put a dime into the deal.
@navruz.siddikov
@navruz.siddikov Жыл бұрын
So how much you should have to start?
@NokthulaMadondo
@NokthulaMadondo Жыл бұрын
Paul is in his element in this video, you can tell. ❤
@AaronAmuchastegui
@AaronAmuchastegui Жыл бұрын
He was great. I had so much fun hanging out with him
@UpFlip
@UpFlip Жыл бұрын
Paul is grateful for your kind words! You rock! 💪
@SergDaKilla
@SergDaKilla Жыл бұрын
I have a new granite company and do not have money to pay my bills and business for now . if I take a deposit let’s say 30% and get a signed contract with client doesn’t that make sense I won’t run away?
@UpFlip
@UpFlip Жыл бұрын
You're right. Taking a deposit from your clients can be a good way to secure their commitment, cover your upfront costs, and protect yourself from cancellations or non-payments. It can sustain your business.
@shawnl3151
@shawnl3151 7 ай бұрын
What happens if you end up going out of business and all your customers who pre paid you end up getting burned. If you get hurt or sick you spend their deposit on your rent and medical expenses then next thing you know you can’t afford to finish the job so you rob Peter to pay Paul and get further and further behind. You need working capital to run a business. You can also take credit cards for deposits so if you fail they can charge back
@EngineerDJ_Julius
@EngineerDJ_Julius Жыл бұрын
Kansas City is most def going to experience a market boom
@UpFlip
@UpFlip Жыл бұрын
Maybe you’re right. Do you work in real estate too?
@dmitch7857
@dmitch7857 11 ай бұрын
I do and I work in that market
@olir6910
@olir6910 3 ай бұрын
When the sell courses big red flag
@downey416Toronto
@downey416Toronto Жыл бұрын
great content
@UpFlip
@UpFlip Жыл бұрын
Thank you! Any business you want to see next? 🤔
@downey416Toronto
@downey416Toronto Жыл бұрын
tbh I love all the random bussinesses you guys do! keep the content coming all the best @@UpFlip 🔥🔥🔥
@Purefocussolutions
@Purefocussolutions Жыл бұрын
Letss gooo great stuff 👏🔥
@UpFlip
@UpFlip Жыл бұрын
Let's goooo! 🔥
@Auroradreams10
@Auroradreams10 Жыл бұрын
In sha Allah one day I will
@UpFlip
@UpFlip Жыл бұрын
There's no doubt about it! 🙏
@RillaRoneOfficial
@RillaRoneOfficial 11 ай бұрын
So who is knowledgeable in this field and is trying to partner up and teach someone that is interested in helping you expand, if so then I am interested
@UpFlip
@UpFlip 11 ай бұрын
Best if you make a quick search round your area or find someone you know! Connect with them! 🙌
@PrinceAndPenny
@PrinceAndPenny 11 ай бұрын
I am if your interested in starting up Real Estate Let me know
@djstiltz3117
@djstiltz3117 Жыл бұрын
I have someone I would love for yall to meet. How would I get in touch with you
@UpFlip
@UpFlip Жыл бұрын
We'd love to know more about him! Reach us at media@upflip.com
@shirelylinero
@shirelylinero 6 ай бұрын
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
@kevinvictor-s2w
@kevinvictor-s2w 6 ай бұрын
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@doran-f6w
@doran-f6w 6 ай бұрын
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@doran-f6w
@doran-f6w 6 ай бұрын
“Angela Lynn Schilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@TaskSwitcherify
@TaskSwitcherify 7 ай бұрын
Very sad video. People are losing homes because foreclosure is such a "simple" process. He is buying houses, raising the prices, and reselling them. Overall home prices go up and houses become less and less affordable.
@brycebreezy7706
@brycebreezy7706 3 ай бұрын
8:52-9:27 If its true that he'd went to prison, I think this is probably why. 😂 Maybe not exactly this, but something to that effect.
@docitelastbine
@docitelastbine Жыл бұрын
12:04
@UpFlip
@UpFlip Жыл бұрын
The comment was not about death, but about the person he’d love to have lunch with, who happened to be deceased. 😅
@NokthulaMadondo
@NokthulaMadondo Жыл бұрын
😂 Paul asked Aaron who would he like to meet, dead or alive Aaron then said, his grandpa who died before he was born. Paul then responded with, that's awesome. Which indeed it is as Aaron is talking about the person he admires.
@docitelastbine
@docitelastbine Жыл бұрын
@@UpFlip Overall Wonderful interview & with such a touching story, keep it UpFlip 🧡
@amjads8971
@amjads8971 11 ай бұрын
Basically he found the loophole and no one can buy that many foreclosure houses like that. He definitely did something sketchy there
@robertruschak7083
@robertruschak7083 Ай бұрын
He is an ex con He talked about buying foreclosures Millions of people are looking at that He mentioned about selling an online course - red flag 🚩
@shahzeenkhan2216
@shahzeenkhan2216 Жыл бұрын
I will be doing this😊
@UpFlip
@UpFlip Жыл бұрын
Awesome! Are you new to real estate, or do you already have some experience under your belt?
@johnnyb33good21
@johnnyb33good21 11 ай бұрын
What was this guy in prison for?
@kevins5268
@kevins5268 11 ай бұрын
Probably find out when he goes back for same thing lol
@DrMidnight-oz1rk
@DrMidnight-oz1rk 7 ай бұрын
We don't have to believe he was in prison, or anything else he said.
@penda.n
@penda.n Жыл бұрын
LOVE THIS FIRST COMMENT
@UpFlip
@UpFlip Жыл бұрын
We appreciate you tuning in! Thank you! ☺️
@robertruschak7083
@robertruschak7083 Ай бұрын
$450k on a flip 🤔🤔🤔🤔
@bgmiminecraftwala4897
@bgmiminecraftwala4897 Жыл бұрын
Mahadev mere sath ho toh kuch bhi ho sakta hai ❤
@UpFlip
@UpFlip Жыл бұрын
🙏
@geraldlofton
@geraldlofton 11 ай бұрын
Show the 225M since u lead with this number!!! Show the Math otherwise is a LIED
@GabeItchess
@GabeItchess 11 ай бұрын
i want real estate for cheap , innit it
@Wheelztotheworld
@Wheelztotheworld Жыл бұрын
@UpFlip
@UpFlip Жыл бұрын
We hope you enjoyed the video - thank you for watching! ☺️
@kareemlayne9258
@kareemlayne9258 Жыл бұрын
Alex Hormozi
@UpFlip
@UpFlip Жыл бұрын
Great guy!
@joilsongomes5
@joilsongomes5 11 ай бұрын
I want to become a millionaire but instead it seems I m digging a hole in the beach. It's so frustrating.
@UpFlip
@UpFlip 11 ай бұрын
Can you let us know what you do to make it happen? Are you currently pursuing your passion?
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