Bill Allen is a retired navy pilot, seasoned real estate entrepreneur with hundreds of units in his portfolio, and the CEO and founder of 7 Figure Flipping, a high-level real estate mastermind. He is with us in this episode to talk about what trends he is seeing in the US real estate market, what makes a successful real estate investor, and more.

Listen now for expert insights from Bill, his advice for investors struggling to keep up with market shifts, and what you can do today to change the trajectory of your business towards the end of the year!

Key Talking Points of the Episode

00:00 Introduction

01:11 How did Bill get into real estate investing?

04:37 How has Bill’s real estate business grown through the years?

07:05 What business is Bill more involved in today?

09:43 What should people understand about real estate investing?

10:44 Why is social media so important to real estate businesses today?

12:30 How many units does Bill have in his portfolio today?

16:11 Why should you find your competitive edge in business?

19:19 What are the most important things you should be investing in?

22:52 What are real estate investors focused on in today’s market?

27:04 How important is flexibility when you’re in real estate?

33:39 Why do you need to know when to pivot as a CEO?

35:15 What are Bill’s most favorite deals?

37:50 What lessons did Bill learn from his best deals?

38:58 What was Bill’s worst deal ever?

42:01 What lessons did Bill learn from his worst deal?

47:03 Why is it important to make mistakes if you want to grow?

48:34 What has changed with Bill’s approach to real estate investing?

49:22 What is the most overlooked or overhyped investing strategy today?

51:33 How can you get in touch with Bill?

Quotables

“The visual business card right now is your Instagram account, it’s your TikTok, your Youtube, it’s Facebook, it’s LinkedIn – all of those places are really where people go to figure out who you are.”

“People are the system and so finding the right people that have the same values and character you do, and you know are gonna work hard, that are gonna do the right thing when nobody is looking, and have integrity – all of those things.”

“When you think you got it made, like everything you touch turns to gold, you’re gonna get pinned and that’s where I was.”

Links

Website: Bliss

https://offmarketbliss.ca/

Website: 7 Figure Flipping

https://www.7figureflipping.com/

Book: 7 Figure Flipping

https://7ffbook.com/

Instagram: Bill Allen

https://www.instagram.com/billallenrei

In this episode of the Selfwealth Real Estate Podcast, we sit down with Erin Donnelly and Heather Loduca, the dynamic duo behind Pink Wall Designs. Specializing in designing Airbnbs and boutique hotels, Erin and Heather share their journey from real estate investing to creating unique and captivating hospitality spaces. They provide valuable insights into why design is crucial for increasing bookings and overnight rates and offer practical tips for transforming properties into memorable experiences. Whether you're a real estate investor or a hospitality enthusiast, this episode is packed with actionable advice to help you stand out in the competitive market.

Key Talking Points:

00:00 Introduction
00:21 Host's Renovation Project
01:04 Importance of Design in Hospitality
01:16 Backgrounds of Erin and Heather
03:11 Differences in Design for Residential vs. Hospitality Properties
04:08 Unique Design Ideas and Examples
10:33 Benefits of Boutique Hotels over Airbnbs
24:21 Design Tips for Airbnbs and Boutique Motels
41:06 Marketing Strategies for Hospitality Properties
48:11 Favorite and Least Favorite Design Projects

Links and Resources Mentioned:
Follow Pink Wall Designs on Instagram: https://www.instagram.com/pinkwalldesigns/
Bliss Off-Market Property Deals:

http://www.offmarketbliss.ca/

Tune in next week for another insightful episode!

Allan Orasuk is a construction manager in Ottawa that we have worked with on multiple projects. He has extensive experience as a general contractor managing projects and subcontractors, and he is on the Self Wealth Real Estate podcast today to help us better understand the construction side of real estate investing.

Listen now to learn more about what goes on in the construction side of real estate investing and what you can do to build better working relationships with your contractors!

Key Talking Points of the Episode

00:00 Introduction

01:15 What is Allan’s background?

05:05 How has Allan’s experience in construction helped him in managing projects?

06:50 What is the best way for investors to vet their contractors?

09:05 What can investors do to manage their flips the best way possible?

14:13 How does Allan execute a flip?

19:32 What is the best way to build a team for your flips?

25:06 How does Allan manage timelines for his projects?

28:00 Why should you consider incentivizing your contractors for a flip?

30:38 What is a fair pay structure for your contractors?

41:31 What is the most efficient way to manage contractors for a permitted project?

45:34 Who should be handling inspections for your flips?

48:55 What is the best way to deal with smoker houses?

54:01 What is Allan’s favorite renovation that he’s done?

59:06 What was Allan’s least favorite project like?

01:03:55 What has changed with Allan’s approach in managing construction projects?

01:05:29 What is Allan’s advice for his younger self?

01:06:32 How can you get in touch with Allan for your construction projects?

Quotables

“Like any investor, I wouldn’t suggest to hire a GC that just manages the whole project for you. I mean you can, it’s just that those margins aren’t gonna be there that you’re looking for.”

“Construction law, it kinda protects the contractor in Ontario. Let’s face it, it is what it is so at that point, you have to use your electric documentation, your email, as much as you can and then just set the rules.”

“What I look for in signing contracts on your behalf or for myself, is there’s not just protection for the contractor, there’s also protection as a homeowner.”

Links

Website: Bliss

https://offmarketbliss.ca/

Phone: Allan Orasuk

(613) 884 - 1715

Email: Allan Orasuk

construction@blissrealtyinvestors.com