63: Diverging From Corporate Life to Flip Houses Full-Time with Sean and Ann Wayne

Real Estate Rookie

It’s hard to leave a comfortable job, especially when you’re working with family. What happens if you can’t make your entrepreneurial dreams work, what if you need health insurance, what about your bills? This is the predicament that Sean and Ann Wayne were in, only a couple short years ago. Thankfully, they made the jump, and now they’re flipping more than ever!

Sean and Ann left college with around $93,000 in debt, but were able to pay it off quickly due to their thrifty lifestyle and saver skills. After they had paid off their debt, they wondered where they could put their leftover money into. Sean stumbled upon BiggerPockets and knew that something within the realm of real estate was the best option.

Luck would have it that Sean and Ann’s landlord at the time was a flipper and a real estate agent. After some discussions, their landlord decided to mentor them through their first flip. If you’ve listened to this podcast long enough, you know what’s coming next. They were hooked! Sean knew he had to leave his corporate job to pursue flipping, even if it meant less stability.

Now this dynamic flipping duo has done 12 deals. Sean focuses on the rehab and Ann focuses on design. If you’ve wondered about what the best ways to paint and design your flip are, Ann drops some knowledge on what is worth risking, and what isn’t. Together, they’re an unstoppable team, and will definitely be on the Real Estate Podcast soon enough!

In This Episode We Cover

• Why you should tell EVERYONE what you do and what you’re interested in
• How to talk to a mentor to convince them that you can provide benefit to them
• Tackling both the mental and financial barriers to leaving a corporate job
• Funding deals with hard money and private money
• Splitting up your roles as a team, whether you’re business partners or partners in life
• Resources for finding the best designs for your flip
• Keeping your partner “in the know” so your flips runs smoothly
• Fighting imposter syndrome as an intermediate real estate investor
• And So Much More!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Real Estate Podcast
• Brandon Turner
• Pinterest
• Lowe's
• Home Depot
• Target
• Overstock
• Wayfair
• Christian Healthcare Ministries
• BiggerPockets Money Podcast 94: 18 Options for Healthcare in Early Retirement with Lynn Frair
• Financial Peace University
• Google Drive

Check the full show notes here: http://biggerpockets.com/rookie63

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