Flipping Junkie - Danny Johnson - For Those Addicted To Flipping Houses

Justin Colby is the Co-Founder and President of The Science of Flipping, Omni Investment Group and Phoenix Wealth Builders. The Science of Flipping is a free Podcast on itunes, Omni and PWB are both professional real estate investment companies specializing in purchase, rehab, and flipping of distressed property in the Metro Phoenix Area.   In this episode, Justin shares his story of getting started and struggling through 9 months to get his first deal.  He simply didn’t have any money to get started and had to door knock and do things that cost very little.   In starting out this way, Justin was forced to learn the most efficient ways to get deals.  This continued as he began using direct mail to generate motivated seller leads.    He shares with us that he had just sent out 47,000 direct mail pieces.  So he’s grown over the years but knows what it takes to get started with very little money.   An important fact that he shares is that most direct mail response rates are below 1%.  This fact tends to be ignor