63: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott

Today on the BiggerPockets Podcast we are thrilled to bring back one of the most popular guests we’ve ever had, J Scott. Last time we dug into the process of house flipping, but today we dig much deeper into the “business” of real estate investing and explore ways to automate your real estate investing business so you can spend less time working and more time doing the things you love. We also learn all about J’s venture into house flipping at a distance as well as his foray into spec building (and the lesson’s he learned… and things you should avoid!) This show is incredibly inspiring and can help any new or seasoned investor improve their game – especially the 5 tips for automating your business, found toward the end of the show! In This Show, We Cover:How J chose his location for long distance flippingThe difficulties of rehabbing at a distanceIncredible tips for finding great people to work for youWhy J’s advice is “don’t trust anyone…”Getting bids on your work the easy wayHow to make the permit process MUCH faster and easierA step by step financial breakdown of J’s recent spec buildThe “best answer” Brandon’s heard on the podcast ever…J’s 5 tips for automating your businessAnd so much more! Links from the ShowReal Estate Rewind: The BiggerPockets Community Book! The Book on Flipping HousesDiary of a New Construction ProjectPlankIsland.comWhat Is The Best Interior Paint for Landlords and House Flippers? (Hint… It’s Not What You Think)Tweetable Topics“Nobody cares about your properties or your assets more than you do.” (Tweet This!)“Great people tend to associate with other great people.” (Tweet This!)“By automating things in your business, it frees up time for your family.”  (Tweet This!)“Do the things that are most important, don’t do the things that aren’t important.” (Tweet This!)Books Mentioned in the ShowReal Estate Rewind: The BiggerPockets Community Book! BiggerPockets’ The Book on Flipping Houses by J. ScottBiggerPockets’ The Book on Estimating Rehab Costs by J. ScottDiary of a New Construction Project Ebook by J. ScottThe 4-hour Workweek by Timothy FerrissThe E-Myth Revisited by Michael GerberConnect with J ScottJ Scott’s BiggerPockets ProfileJ Scott’s Website: www.123flip.com