Losing Everything Made Him $80M/Year

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UpFlip

UpFlip

Күн бұрын

What does it take to start a $80 million-a-year real estate business? Marc Rousso and Jay Mezistrano of JayMarc Homes knows the answer first-hand, and they share how to start a real estate company with huge profit potential in this video.
This video has been sponsored by Constant Contact. Sign up to Constant Contact Using Code UPFLIP30 For 30% OFF and start a FREE TRIAL today! www.constantcontact.com/upflip
JayMarc Homes wasn’t Marc and Jay's first business. They started from scratch twice. Their first business was a DJ company that they grew and sold. Then invested the profits from that sale into real estate and realized a passion for buying and selling properties. This experience paved the way to starting a construction business. Twelve years later, it’s grown to a phenomenal level.
Not only did Marc and Jay build a real estate company startup from scratch, they did it in the middle of a real estate recession. They’ll share what challenges was faced growing a business in that economic climate and how they overcame them. Raising capital is another common obstacle when starting a real estate management company, and we’ll hear how Marc managed his finances early on to achieve smart, consistent growth.
The team JayMarc built for their business was another big part of his success. They created an entrepreneurial culture in his company and will discuss how they instill that in the team and why that helps JayMarc Homes succeed. We’ll also learn what servant leadership means, why it’s an effective approach, and how to achieve it in a business in any industry.
If you’re considering a small business in construction or real estate, you’ll definitely want to hear Marc’s advice before you take that leap! And make sure to check out our other interviews with business owners in the construction industry:
You Won’t Believe His Construction Business Profit Margins ►
• You Won’t Believe His ...
How She Sells Sheds and Makes $45K/Month ►
• How She Sells Sheds an...
Resources
www.jaymarchomes.com/ - Find out more about JayMarc Homes on their website
www.upflip.com/academy - Launch and scale your business with our expert-led Academy
www.upflip.com/blog/how-to-in... - Tips on the right way to invest in real estate on the UpFlip blog
www.upflip.com/podcast - Hear interviews and advice from business owners and experts on the UpFlip podcast
Timestamps:
00:00 - START
00:49 - Meeting Marc
02:49 - Touring house to be demolished
03:35 - Why demolish properties?
04:38 - Tools and systems
05:26 - Demolishing the house
06:31 - New build job site
07:24 - Challenges of starting the business
10:18 - Tour of new home
12:35 - Visiting JayMarc offices
13:36 - Real estate cycles
15:35 - Goal setting and manifestation
17:23 - Fan blitz
18:17 - Lessons from failure
19:22 - Marketing his homes
21:18 - Choosing a niche
22:18 - Time to profitability
23:12 - Average revenue
24:20 - Growing revenue
24:58 - Finding investors
25:34 - Necessary skills
27:07 - Employees and hiring
27:53 - Finding properties
29:20 - Company culture
31:24 - New home design process
32:26 - Custom home design process
33:23 - Goals for growth
35:24 - Awards
37:03 - Webinar series
38:58 - Outro
#realestate #realestateinvesting #realestatebusiness

Пікірлер: 290
@UpFlip
@UpFlip Жыл бұрын
Sign up to Constant Contact Using Code UPFLIP30 For 30% OFF and start a FREE TRIAL today! www.constantcontact.com/upflip
@twoeighttwov5383
@twoeighttwov5383 Жыл бұрын
Where is jay?
@therealestatestory
@therealestatestory Жыл бұрын
This guy smashes things and makes money.. childhood dreams achieved
@UpFlip
@UpFlip Жыл бұрын
Such an achievement! Thanks for the support!
@IPoopOnYouEveryLastOneOfYou
@IPoopOnYouEveryLastOneOfYou Жыл бұрын
What's special about this channel is it's not just abstract business talking points but you take us further into the detail of the action steps involved, we want the details behind how it's done not just more people saying work hard hustle, you want to know what they actually did as part of working hard and hustling, we want the details at a level that somebody could even take those notes and attempt to repeat it themselves, we don't want names of dishes we want detailed recipes with vivid illustration demonstration.
@crackerjackB
@crackerjackB Жыл бұрын
🎯
@davidr4523
@davidr4523 Жыл бұрын
Great interview. Several take aways 1. Real estate is the least difficult way to become rich. 2. Having a good partner greatly increases your chances for success. 3. Marc Russo is a great communicator, 4. You need private investors to succeed in real estate. 5. The Seattle area with Amazon, Microsoft and Google has been tremendous for the real estate sector.
@DammyFX
@DammyFX 4 ай бұрын
Thanks for this
@RaviPatel-wi7xk
@RaviPatel-wi7xk Жыл бұрын
You can tell Marx is genuine and loves what he does. Definitely an inspiring individual.
@UpFlip
@UpFlip Жыл бұрын
He's definitely an inspiring individual! Thank you for taking the time to watch!
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Ravi. Super thoughtful!
@darrrenmays9512
@darrrenmays9512 Жыл бұрын
He is so true!!!! At the end, it’s not about the money, it’s about who will be by your bedside during those final days, money can’t do anything for that transition!!!!
@UpFlip
@UpFlip Жыл бұрын
Echoing you here @Darrren Mays! Thank you for tuning in, we sincerely appreciate your support!
@pageremick5504
@pageremick5504 Жыл бұрын
WOW! WOW! WOW! What a company, concept, leadership, plan, .... and genuine people behind it! The caliber of this business is a marker for excellence. Anyone who can use this guidance to build their own home building business dream will be light years ahead of the wanna-bees! EXCELLENT interiew and EXCELLENT business to emulate !
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Page. We are working to be better everyday.
@SirD1
@SirD1 Жыл бұрын
This channel is so underrated. Keep up the good work!
@experienceswithrmcken8326
@experienceswithrmcken8326 10 ай бұрын
I own a restaurant and am currently looking for a way to grow and own my own building but it often feels that I don't know where to turn to grow when the banks say no...over ans over. I like the video because here is a guy who defeated failure and still knows how to keep himself humble. Nice. I would love to grow like this.
@p.treyben5567
@p.treyben5567 Жыл бұрын
Great story of having a vision and persevering through all the hard stuff. Congrats Mr. Jay and team! Inspirational!
@marcrousso3214
@marcrousso3214 Жыл бұрын
Thank you P. TreyBen. Appreciate your kind words. Jay and I definitely worked diligently.
@UpFlip
@UpFlip Жыл бұрын
Thank you for your kind words! We're glad to hear that Mr. Jay and his team's journey has served as an inspiration to others. Keep pushing toward and never give up on your dreams! ❤
@ChrisMaveric
@ChrisMaveric Жыл бұрын
Video content, subject and delivery make this a "must watch" video for anyone looking to improve on their success. There's something to gain for everyone! Bravo for creating this content, simply put, this was a great video! Thankyou
@UpFlip
@UpFlip Жыл бұрын
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Thank you!
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Chris! Appreciate the comments.
@improlife7659
@improlife7659 Жыл бұрын
"Delegate and empowering" this man has really reached alot of wisdom about life and running business. Inspiring to watch!
@UpFlip
@UpFlip Жыл бұрын
Thanks for your support!
@marcrousso3214
@marcrousso3214 Жыл бұрын
Thank you Improlife. It comes from learn through failure. Nothing more humbling then having no paycheck for five years.
@improlife7659
@improlife7659 Жыл бұрын
@@marcrousso3214 ah, thanks for sharing. 🙏
@ferdinandlafleur7156
@ferdinandlafleur7156 11 ай бұрын
Thanks for sharing this story... what i love about him is the balance of his life and you could see his "reason why" is his family
@UpFlip
@UpFlip 11 ай бұрын
I totally agree! What other businesses would you like to see next?
@b-rare
@b-rare Жыл бұрын
Seems like a lot of risk for only a 10% profit before tax . Idk about this one. Money isn’t easy to make that’s for sure . I did 400k profit on a duplex conversion bought off market. You don’t always have to tear down and build new . Get creative . Buying off market is the key for sure
@robertyarbrough4925
@robertyarbrough4925 Жыл бұрын
More like 25-35% profit…for home builders, 10% not even in ball park
@UpFlip
@UpFlip Жыл бұрын
Some prefer tearing down and building, while others prefer buying new and flipping. Really depends on the person!
@b-rare
@b-rare Жыл бұрын
@@robertyarbrough4925 I know home builders personally and the profit is 10% or less. It depends what the developers are selling the lot for etc. you have to be big and have relationship with developers to get the deals on the lots. Or you can door knock and do what these people do. End of the day getting the off market deal or “wedge deal” is how you have to start otherwise you’re playing with fire on the profit side. You need that sweetheart deal to make the money that’s what I’m saying . It’s a must have / part of the business model.
@nickyweav5820
@nickyweav5820 Жыл бұрын
How do you buy off market
@b-rare
@b-rare Жыл бұрын
@@nickyweav5820 just like buddy says in this video. Door knocking. You can do flyer campaigns. You can do cold calling. You should learn how to write an offer up yourself and just have a lawyer to close the deal for you. Have a print out of purchase agreements in your car ready to go. Also let all your friends family know that you’re buying property and get the word out. People that are embarrassed to sell online (mls. I’m in Canada sorry) and people that want a quick sale will sell private (off market). They can usually get more money selling online with an agent cause there’s more buyers and competition but there are people that don’t want to do that cause they don’t want neighbours knowing they are selling or people coming to check out their house and see how they live. Could be a hoarder house or sloppy inside etc. many reasons people would sell to you off market for a lesser price. Just keep in mind no agents getting paid so instantly you should get a 5% discount cause that covers commission fees. Then negotiate down from there . Pick at the house . It needs this it needs that etc. always buy fixer uppers never buy a turn key property. You want to add value. Buying off market gets you ahead of the game cause you’ll already be up x amount of equity just from the purchase . There are people (wholesalers) that get a contract signed to buy the house, and then before the deal closes they sell that paper to another buyer for a profit. I’ve seen 100k being made just by doing this. That can work in a hot market.
@audreylanton470
@audreylanton470 Жыл бұрын
"Men to our word" amazing goose bumps! nothing sexier than men with integrity
@UpFlip
@UpFlip Жыл бұрын
We hope you enjoyed the video - thank you for watching! ☺️
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Audrey!
@johnouellet4099
@johnouellet4099 11 ай бұрын
Wow, really cool concept and awesome builders. I love what they do.
@shawnemployee6906
@shawnemployee6906 Жыл бұрын
I hate working for people and believe in being your own boss but this is a guy I wouldnt mind calling boss. So genuine and learned so much from him that im going to apply into my business TODAY!
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thanks Shawn. Appreciate the kind words.
@MrMlbfan6
@MrMlbfan6 Жыл бұрын
You can tell he’s a good dude
@UpFlip
@UpFlip Жыл бұрын
He definitely is 🙏
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Carlos for the kind words.
@ihaziqhabib
@ihaziqhabib Жыл бұрын
Loved this episode! ❤
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Haziq!
@mdcs
@mdcs Жыл бұрын
Thank you for sharing all this very valuable infos with us! I'm also doing Business and Coffee vlogs in UK❤
@UpFlip
@UpFlip Жыл бұрын
You're welcome @MD cars and stories! That sounds interesting.
@sgbbco3981
@sgbbco3981 Жыл бұрын
Respect to Jay Mezistrano for having the mind and energy to push through the last economic crisis and not default on your debts. Didn't file bankruptcy... Instead he put the boots back on and went to work rebuilding. You're an inspiration. Hard money is tough but gotta start someplace.
@marcrousso3214
@marcrousso3214 Жыл бұрын
Thank you SGBBCO. Jay and I worked really hard to make this happen. I agree, hard money to start, but too often people settle and remain on it long term.
@UpFlip
@UpFlip Жыл бұрын
Agreed! Both Jay and Marc are strong willed. Kudos!
@BigTweez9
@BigTweez9 11 ай бұрын
A million from friends & family, what a blessing.
@danielpaz1746
@danielpaz1746 10 ай бұрын
I loved the questions, very accurate
@UpFlip
@UpFlip 10 ай бұрын
Thank you, any other questions we should ask all entrepreneurs we interview?
@sutats
@sutats 11 ай бұрын
Keep on building.
@deebrown360
@deebrown360 8 ай бұрын
This is the greatest channel.....ever.
@kbenk108
@kbenk108 Ай бұрын
I like how transparent he is in revealing how he's running his business
@UpFlip
@UpFlip Ай бұрын
Refreshing to see that level of honesty and openness in the business world 🔥
@surfmarko
@surfmarko Жыл бұрын
You guys do such great videos!
@UpFlip
@UpFlip Жыл бұрын
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
@greysonmuotka6103
@greysonmuotka6103 Жыл бұрын
A gym !!!
@surfmarko
@surfmarko Жыл бұрын
@@greysonmuotka6103 great idea! Can you guys get Alex Hermozi?
@Emanuel27236
@Emanuel27236 Жыл бұрын
hi please I am in dear need of your assistance am a student in Africa, honestly things aren't Rosy for me due to bad leadership policies over here that why am reaching out to you and anybody that wish to help me in any way they can , I have skill but do not have capital to start up something for myself self, am not a scammer am real I can give you my number if you wish verify , I really need your assistance I believe there are good people in the world that can still help me , thanks you God bless you as I await your reply.
@fredyuldashev
@fredyuldashev Жыл бұрын
Quite inspiring!
@UpFlip
@UpFlip Жыл бұрын
Glad you love this video! Do you have a business topic you want to see next on the channel? 🤔
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Fred.
@c.falcon5045
@c.falcon5045 Жыл бұрын
Exceptional video and firm!👏🏾👏🏾🙏🏾🙏🏾
@UpFlip
@UpFlip Жыл бұрын
Did you enjoy the video? Thanks for watching! ☺️
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you!
@c.falcon5045
@c.falcon5045 Жыл бұрын
@@marcrousso6824 Very inspirational story you all have. Keep up the great work!🙏🏾👏🏾
@jimt6739
@jimt6739 Жыл бұрын
very kool continuing your success
@UpFlip
@UpFlip Жыл бұрын
Thank you!
@yeliseygurzhuy536
@yeliseygurzhuy536 Жыл бұрын
Great Video
@UpFlip
@UpFlip Жыл бұрын
Thank you for watching and engaging with the content! ☺️
@pete538
@pete538 Жыл бұрын
Recession "well maybe we're not in one right now" crazy the times we're in. Interest rates have risen near 100% compared to 2 years ago and real estate in most markets is still crazy competitive.... The future will sure be interesting!
@pete538
@pete538 Жыл бұрын
I also must say great video. I always enjoy watching y'all's content
@marcrousso3214
@marcrousso3214 Жыл бұрын
Yes, we were in a real estate recession April to December. But since the first of the year, even with increased interest rates, buyers are out buying homes, albeit at lower prices compared to a year ago. Future is complicated with supply, demand and interest rate uncertainty. Just keep hitting singles until the light at the tunnel is brighter.
@UpFlip
@UpFlip Жыл бұрын
Thank you for taking the time to watch! ☺️
@sterlingking1243
@sterlingking1243 Жыл бұрын
Great content!💪🏾💪🏾💪🏾 I just have one question: how are they only making 10% ROI?
@kellywharton8284
@kellywharton8284 11 ай бұрын
As a contractor myself, 10% seems very low. Better mange every penny
@TheJeffGeorge
@TheJeffGeorge Жыл бұрын
You have to got to risk it to get the biscuit and I’m about in the same boat. Thinking about going out on my own. Maybe I should build houses!
@UpFlip
@UpFlip Жыл бұрын
Why not? It's never too late 👊
@marcrousso3214
@marcrousso3214 Жыл бұрын
Yes, it's all a risk. But take calculated risk. Do lots of homework looking at the pros and cons, then come up with a conservative business plan. You can do it!
@DrRichardMarques
@DrRichardMarques 11 ай бұрын
Brilliant episode!! 👏⭐️
@UpFlip
@UpFlip 11 ай бұрын
Glad you thought so! What would you like to see more of?
@DrRichardMarques
@DrRichardMarques 11 ай бұрын
@@UpFlip Really like the real estate and food entrepreneurs! Maybe some entrepreneurs in the healthcare sector also!! ⭐️
@irmakalember3709
@irmakalember3709 Жыл бұрын
Wow this is awsome. Good job happy for him
@UpFlip
@UpFlip Жыл бұрын
We hope you enjoyed the video - thank you for watching!
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Irma!
@johnnycalderon9951
@johnnycalderon9951 Жыл бұрын
He not lying im doing my 1st house and its super hard to get money for the project.
@marcrousso6824
@marcrousso6824 Жыл бұрын
There are great secondary lenders that I would recommend. Seattle Funding Group was amazing to work with and did dozens of projects with us over the years. Happy to connect you.
@Mauiwowie05
@Mauiwowie05 Жыл бұрын
Damn I’d love to do this
@UpFlip
@UpFlip Жыл бұрын
Go for it @Shyster!
@Kinglioncrown
@Kinglioncrown Жыл бұрын
I love hearing his story I learned a lot.
@UpFlip
@UpFlip Жыл бұрын
Glad that you learned a lot! Thanks for watching.
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you! Here's to your success!
@ResonatingRealms
@ResonatingRealms Жыл бұрын
Very likable guy!
@UpFlip
@UpFlip Жыл бұрын
He is! Thank you for taking the time to watch!
@marcrousso3214
@marcrousso3214 Жыл бұрын
Thanks! :)
@whymindsetmatters
@whymindsetmatters Жыл бұрын
So is JayMark a developer, builder or both? Thank you
@UpFlip
@UpFlip Жыл бұрын
Both! They have a developer side and also a builder side of the business.
@kclmnop4372
@kclmnop4372 9 ай бұрын
The sound when he missed that pool shot got me so good 😂😂😂
@UpFlip
@UpFlip 9 ай бұрын
🦆
@MemeKing44
@MemeKing44 Жыл бұрын
wow that was effin amazing!
@UpFlip
@UpFlip Жыл бұрын
We hope you enjoyed the video - thank you for watching! ☺
@marcrousso3214
@marcrousso3214 Жыл бұрын
Thanks MemeKing! Appreciate it.
@10minutessuccessstory
@10minutessuccessstory Жыл бұрын
I’m in Nigeria and I’m interested in real estate business partnership
@makoa143ify
@makoa143ify Жыл бұрын
Awesome ❤
@UpFlip
@UpFlip Жыл бұрын
Thanks 🤗
@LalaPala-ml2or
@LalaPala-ml2or Жыл бұрын
I my god it is real estate proped up on high IT managers salaries. That will end up badly
@outdoorking45
@outdoorking45 Жыл бұрын
I just wonder where they get desgin plan at
@MilaRoseCo
@MilaRoseCo Жыл бұрын
The new host is great!
@UpFlip
@UpFlip Жыл бұрын
Thanks for the feedback @Simply Tasty! Glad you found the new host interesting.
@jeewssam8418
@jeewssam8418 Жыл бұрын
Both are good, the other guy also asks excellent questions
@mmtravel9052
@mmtravel9052 Жыл бұрын
920k for property = lesson wasn’t learned from 2008… 🤦‍♂️ 3mil for home? Crazy …
@scratchinjack608
@scratchinjack608 Жыл бұрын
Last look, Mid May 2023, prime was about 7% Not a downturn? Paint me a skeptic.
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your thoughts! Are you in the real estate industry as well?
@marcrousso6824
@marcrousso6824 Жыл бұрын
Yes Jack. Market has had it's up and down's the past year.
@BGroves
@BGroves 11 ай бұрын
A tool belt aka to a framer/carpenter it’s actually called a apron but never woulda guessed a boss who’s never driven a nail would call it 😂
@vinashkerio
@vinashkerio Жыл бұрын
just a quick question why most home builders in US use wood to build the luxury homes i noticed most new homes were wood-framed,
@UpFlip
@UpFlip Жыл бұрын
That's because of the topography and the resources available. ☺️
@buffalosoldat
@buffalosoldat 11 ай бұрын
House prices in US are crazy. I work in IT, but I wouldn't be able to afford anything nice in the US. That's why I prefer to work remotely from abroad.
@meridancrypto8226
@meridancrypto8226 Жыл бұрын
Been in home remodeling and new construction for over 10 years and can firmly say none of these houses look like several million dollars more like a couple hundred k
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your piece of the industry! Can you tell us where you live?
@meridancrypto8226
@meridancrypto8226 Жыл бұрын
@@UpFlip Grosse Pointe Michigan
@PermanentHigh
@PermanentHigh Жыл бұрын
​@@meridancrypto8226That's why you can say that. Different market, different home value. Like they said, they're near major tech campuses. That alone shoots the home value up 200-400%
@blackfroyable
@blackfroyable Жыл бұрын
Area is a huge part of the value a shitty house in NY can go for half million
@meridancrypto8226
@meridancrypto8226 Жыл бұрын
@@blackfroyable true true
@RyanPinedaMoments
@RyanPinedaMoments Жыл бұрын
amazing story
@UpFlip
@UpFlip Жыл бұрын
Thank you! 🙂
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Ryan. Appreciate it.
@LalaPala-ml2or
@LalaPala-ml2or Жыл бұрын
Oh my god. Wooden house for 3.8 million USD. I nearly pissed myself laughing
@tevita447
@tevita447 10 ай бұрын
Massive respect that this guys still paid back the 2 million he owed. Truly heard of in todays world. Really cool story!
@cashlin86
@cashlin86 Жыл бұрын
"maybe we're not in one (recession) right now" Lmao 😂
@davidjonburke2729
@davidjonburke2729 Жыл бұрын
Dudes making 10 percent and he loves hard money lol
@marcrousso6824
@marcrousso6824 Жыл бұрын
We were definitely in a residential real estate recession from April to December of 2022. Now we navigating high interest rates combined with low inventory and strong migration into our region. It varies by the area you live in, but definitely challenging.
@marcrousso6824
@marcrousso6824 Жыл бұрын
@@davidjonburke2729 Hard money is necessary for most of us to get started, but as you grow, the extra percentage points make a big difference on profitability. Current rates for builders from banks are around 9% vs. hard money 5 points higher.
@jorgemiguel3777
@jorgemiguel3777 Жыл бұрын
Make a video about snailfarming, pleasee
@UpFlip
@UpFlip Жыл бұрын
Do you know any companies who does snail farming who'd be interested?
@wl6020
@wl6020 4 ай бұрын
They both combined had 30 houses, and had to lose everything in the crash. They probably overleveraged to the extreme where all their houses had close to no equity, reling on rent to pay the mortgage, and in 30 years they own all 30 homes outright. Greed comes into play and its very dangerous to do that. If tenant doesnt pay, destroy the house, major expensive house fix, rent decline in the area happens, they are toast. Its great to boast about having 30 houses, it gives you status, women, cockiness. Its all a house of cards ready to collapse though. The big lottery win is if they bought all 30 houses from 09-11, and the whole seattle area went up in in value by 400k per house, they would be so rich by now. That would be 12 million (400k x30) in house value.
@gulag_arch
@gulag_arch 10 ай бұрын
Why does Seattle always look like it just got done raining or it's about to rain
@rajeshs8846
@rajeshs8846 Жыл бұрын
In the beginning of the video Marc told he paid 920k for the house that going to be torn and he could see it for 3million dollars. Also he said the profit margin is 10% which is just 300k. The maths didn't add up. Am I making any mistake here?
@UpFlip
@UpFlip Жыл бұрын
Please refer to our brother Benjamin Vershel's explanation! 👊
@supercrazydesi
@supercrazydesi Жыл бұрын
Building a house costs money
@Tunsgate123
@Tunsgate123 Жыл бұрын
What a load of crap- he makes more than 10% You can loan out 2.7m and get 10% return
@toolmrl
@toolmrl 10 ай бұрын
When you hear someone say that he and his partner didn’t have money so they had to sell their Porsche & Range Rover AND they had previously borrowed millions of dollars from the bank, it’s important to remind yourself that 1) this is someone who has created an alternate reality for himself and 2) he and his partner did not manage their money (and business) well.
@UpFlip
@UpFlip 10 ай бұрын
Not that they handled their money poorly but because they had other ventures beforehand. He actually explained it! ☺️
@Gursewak173
@Gursewak173 Жыл бұрын
Commercial truck repair Shop please brother
@UpFlip
@UpFlip Жыл бұрын
Right on our list! 👊
@PermanentHigh
@PermanentHigh Жыл бұрын
​@@UpFlipPlease get more trucking companies too 🙏. Doesn't matte if it's vans, box trucks, or big rigs. Anything to do with trucking. Thanks. Love the channel, keep up the good work.
@notlisteningwhocares8877
@notlisteningwhocares8877 Жыл бұрын
I want to be like this before 40
@UpFlip
@UpFlip Жыл бұрын
It sounds like you have some goals in mind! Good luck @Not listening Who cares!
@eddieblanquito9800
@eddieblanquito9800 Жыл бұрын
bold guy appears as very good person
@marcrousso6824
@marcrousso6824 Жыл бұрын
Thank you Eddie.
@thelifeofkey3072
@thelifeofkey3072 Жыл бұрын
Why the other guy look like mark Z the Facebook god😂
@dr.romeoconfidential9271
@dr.romeoconfidential9271 Жыл бұрын
This is so not environmentally friendly ✊🏾 Save the planet & Homes !!!! Coexist ✊🏾🙏💙🌎☮️🇺🇦
@UpFlip
@UpFlip Жыл бұрын
They do follow rules for the environment. Thanks for watching! ☺️
@blakeaaron5698
@blakeaaron5698 Жыл бұрын
They're getting $1,000/ft for dreary suburban PNW, I don't get it. Good for them.
@UpFlip
@UpFlip Жыл бұрын
Seattle is an expensive city to live in 😅
@maximilliandirnfeld2442
@maximilliandirnfeld2442 Жыл бұрын
location
@universalproductionsllc8304
@universalproductionsllc8304 10 ай бұрын
🤔Man of his words but refused to answer how much profit to make off of this tear down. He purchased at $970k their gonna build a single house 4,300 sqf (x) market build rate of $100 per sqf = $430k + $970k = $1.5M. They're selling the house for $3M, that's not 10% profit that's 100%. They're doubling up! Stop lying and be honest bro, some of us ppl are actually intelligent and can figure it all out.
@Chrisr211
@Chrisr211 10 ай бұрын
0:00 “No money to start” 2 seconds later “the hardest part was raising money”
@BIGDAVE5352
@BIGDAVE5352 Жыл бұрын
The number one piece of advise in any business plan is to keep the government and bureaucrats out of your business! The government is like sand to a wheel bearing, it a catastrophic recipe for disaster!
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your thoughts. The success of a business also depends on various factors, including a well-planned strategy, great customer service, and a strong team.
@teamextras4life270
@teamextras4life270 Жыл бұрын
THE MANIFESTATION IS IMPORTANT EVERYDAY IN EVERYWAY I AM GETTING BETTER AND BETTER
@UpFlip
@UpFlip Жыл бұрын
Indeed! That attracts more positivity into your life. Thanks for watching!
@marcrousso3214
@marcrousso3214 Жыл бұрын
True Story. Manifestation and goal setting for the future is important to success of anything.
@VillagerVic
@VillagerVic Жыл бұрын
What happened to the last host?😢
@UpFlip
@UpFlip Жыл бұрын
He'll be back soon! :)
@therootb
@therootb Жыл бұрын
Man I like your videos but your editing style is so incoherent. You jump from topic to topic and never really flesh anything out. I think you'd really benefit from a more cohesive outline, flowing from one point to another in a way that makes sense.
@UpFlip
@UpFlip Жыл бұрын
We really appreciate the feedback @therootb! We'll be sure to keep that in mind.
@SA-qk8uh
@SA-qk8uh 3 ай бұрын
How can you make 100k by selling two used SUVs? 10:16. I like to know
@UpFlip
@UpFlip 3 ай бұрын
It's a Land Rover, known for its high value and quality.
@kclmnop4372
@kclmnop4372 9 ай бұрын
I just want someone to look at me the way he looks at his business partner at 21:44
@UpFlip
@UpFlip 9 ай бұрын
😂 Thanks for watching tho!
@downey416Toronto
@downey416Toronto 10 ай бұрын
10% profit margin is not alot
@davidjonburke2729
@davidjonburke2729 Жыл бұрын
Only 10% profit is that for real?? Oh man
@marcrousso6824
@marcrousso6824 Жыл бұрын
Yes, public companies for example DR Horton ranged from 7.59 to 17.5% the past five years.
@cobb9093
@cobb9093 11 ай бұрын
unrelated but does the color scheme you use on your thumbnails actually influence the yt algorithm? I notice the top youtubers all use this sort of gold color scheme / facial expression in their thumbnails lately.
@UpFlip
@UpFlip 11 ай бұрын
just make the photos pop and more noticeable in a sea of other thumbnails out there ☺️
@richardgshields
@richardgshields Жыл бұрын
The risk reward ratio is lacking in this business - shooting for 10% profit in high end flipper real estate is just not a solid plan. Hopefully that was just bs. I built my own home and saved at least 25% in cost per square foot on the build over other contractors, so, I know it is possible to run crazy good numbers.. but it gets pricey when you've got to buy the junk house on the initial property purchase. You could easily lose your ass, especially if the bank has problems or hits you with a deficiency if the market drops suddenly, as in 2008. I would never advise anyone to make deals like this, unless you've got deep pockets that can carry the project to completion in case of disaster, so that you can get the home finished with a Certificate of Occupancy and then you've got mortgage-ability, and then you can rent or sell to a much wider range of customers.
@UpFlip
@UpFlip Жыл бұрын
They do have a solid plan. They've been doing this for a long time. But we thank you for sharing your input! 👊
@marcrousso6824
@marcrousso6824 Жыл бұрын
Richard, Any real estate business with velocity has margins as I mentioned in the video. For example DR Horton ranged from 7.59 to 17.5% the past five years. Wish you continued success with your ventures.
@Tunsgate123
@Tunsgate123 Жыл бұрын
What is hard money
@marcrousso3214
@marcrousso3214 Жыл бұрын
Hard money is money that is not conventional bank financing which has lower rate and fees. The reason why I suggest to get off hard money is because in this business, the extra few percentage points add up and make a difference to the bottom line.
@Tunsgate123
@Tunsgate123 Жыл бұрын
@@marcrousso3214 thanks, in the uk. We borrow at 1% in and 6-7% interest with commercial banks. Hard money - we call merchant banks and bridging companies- these are generally 1% in 1 % out plus 9-15 %
@UpFlip
@UpFlip Жыл бұрын
Thanks for watching! Hope you learned from Marc himself! ☺️
@jserr3739
@jserr3739 Жыл бұрын
This channel went from realistic small business to an ad generator for established millionaires. like wtf.
@alexandrep4913
@alexandrep4913 Жыл бұрын
This video had no cringe person trying to sell us a course, like that other fellow in Seattle. This is his main source of income. He came from 0 and made it to hero. So, I disagree.
@marcrousso6824
@marcrousso6824 Жыл бұрын
I understand what you are saying. I started from zero twice, and if I can find success, you can as well. It wasn't without relentless hard work and dedication. Wish you success.
@marcrousso6824
@marcrousso6824 Жыл бұрын
@@alexandrep4913 Thank you Alexandre. Wish you amazing success!
@OU81TWO
@OU81TWO 8 ай бұрын
"You have to have a in place... Yeah it's called targeting wealthy clients.
@dannylo5875
@dannylo5875 Жыл бұрын
I am in the same point. I lost everything and the reason I comment. Just like Mark. I have to restart all over.
@UpFlip
@UpFlip Жыл бұрын
Good luck on your journey @Danny Lo!
@dannylo5875
@dannylo5875 Жыл бұрын
@@UpFlip someone whose done the walk help me cause my business plan also needs a lift. I am struggling with high functioning autism and numbers are not my thing. (dyslexia)
@toxicdubz3841
@toxicdubz3841 Жыл бұрын
@@dannylo5875 what's in it for anyone to help you?
@dannylo5875
@dannylo5875 Жыл бұрын
@@toxicdubz3841 and!? Is a business plan really difficult if you are struggling with vision!?
@dannylo5875
@dannylo5875 Жыл бұрын
@@toxicdubz3841 AI systems. And of course business using Ai.
@ikeshia1981
@ikeshia1981 11 ай бұрын
Must be nice. I can't get $20 from friends and family. I need a new circle
@UpFlip
@UpFlip 11 ай бұрын
You got this! Going on facebook groups, even quora can also lead you to investors ☺️
@allaboutphones7488
@allaboutphones7488 Жыл бұрын
10 % profit of 3 million dollar homes!! More like 30 percent. Dr Horton and holt homes makes on average house 30-40 percent lol
@AVISIONMUSICTV
@AVISIONMUSICTV Жыл бұрын
Took them 7 years to pay back the banks. That sounds like a major headache.
@marcrousso3214
@marcrousso3214 Жыл бұрын
We owed one bank 2.5M and were committed to paying it off as fast as possible. They gave us incentives to pay off faster and took advantage of it. But, yes.. was a major headache to say the least. :)
@SIGMASGANG
@SIGMASGANG Жыл бұрын
hello i really love your content but i was wondering if you havent thought about transforming your long form content into short form to grow your audience if you are interested i would be pleased to do it for you
@UpFlip
@UpFlip Жыл бұрын
Thank you for the offer but we love serving long-content form videos to you guys. ☺️
@jerryyang3516
@jerryyang3516 10 ай бұрын
12 months to build a house? Lie, i built in 3 months in CA.
@tears2040
@tears2040 Жыл бұрын
Houses made out of Wood and more Cheap Wood…………… 🧐 Never pay or buy any structure that expensive unless it made out of CONCRETE. So many problems with wood, Fire, Insects, Mold, moisture , structure unstable and most importantly Concrete will last twice if not longer…………. Wood Home must be extremely cheap to even be considered
@UpFlip
@UpFlip Жыл бұрын
Materials depend on the location! ☺️
@marcrousso6824
@marcrousso6824 Жыл бұрын
All houses in the Pacific Northwest are built out of wood J Frank.
@b-rare
@b-rare Жыл бұрын
The very first point to this video … be careful how much you leverage . Everyone’s doing good until the ball drops . Just like what’s happening exactly right now with interest rates shooting up. Everyone was winning with the low rates and refinancing buying more property doing the 80/20 LTV. Be careful how fast you want to move people because a bankruptcy will set you back many many years. I have friends right now today squeezed . I had people laugh at me cause I didn’t do the traditional 80/20 (meaning leave 20% in the house pull as much of it out). Be aggressive but also always be paranoid. Worst case scenarios happen. Don’t get too risky or when the tide goes out you’ll be able to see who’s swimming naked 🥲
@UpFlip
@UpFlip Жыл бұрын
This is great advice as always, C B!
@PermanentHigh
@PermanentHigh Жыл бұрын
Facts. And it doesn't seem like they learned either because they're only pulling in a 10% profit from all this work
@funrector8131
@funrector8131 Жыл бұрын
Uh. The ninja photo of the Asian accountant seems a little... tacky
@UpFlip
@UpFlip Жыл бұрын
She is a ninja because that was the pseudonym her coworkers gave her! ☺️
@CIAkilledJFK
@CIAkilledJFK Жыл бұрын
@@UpFlip I thought it was hilarious. But unfortunately you may get more push back from the leftist snowflakes…
@LalaPala-ml2or
@LalaPala-ml2or Жыл бұрын
Wooden house for 5 million bucks. Haha. What a rip off
@cameronscott1853
@cameronscott1853 7 ай бұрын
owned by the bank
@EJL171
@EJL171 Жыл бұрын
I thought jay was his wife
@marcrousso6824
@marcrousso6824 Жыл бұрын
Well, we have been business partners for 33 years. We more like brothers.
@williammcharo4800
@williammcharo4800 Жыл бұрын
what happened to the old host
@UpFlip
@UpFlip Жыл бұрын
He'll be back sooner than you think! ☺️
@blickyboy.
@blickyboy. Жыл бұрын
what happend to the other host
@UpFlip
@UpFlip Жыл бұрын
He'll be back in couple of months ;)
@UpFlip
@UpFlip Жыл бұрын
He'll be back soon! ☺️
@notlisteningwhocares8877
@notlisteningwhocares8877 Жыл бұрын
8 more years
@UpFlip
@UpFlip Жыл бұрын
Did you enjoy the video? Thanks for watching! ☺️
@alexanderchenf1
@alexanderchenf1 Жыл бұрын
Why on earth would you demolish a perfectly fine old house? So environmentally unfriendly. Should have remodeled it.
@UpFlip
@UpFlip Жыл бұрын
That's what they do. They build new houses! ☺️
@alexanderchenf1
@alexanderchenf1 Жыл бұрын
@@UpFlip they can build new houses. They should not demolish perfectly fine old houses
@marcrousso3214
@marcrousso3214 Жыл бұрын
The houses that we buy are dilapidated built 50-60 years ago in great locations. Would ultimately cost more to remodel with existing foundation. We do send all material to get recycled. It was discussed on the show, but left out of the episode.
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