Want to improve your ability to identify profitable investment opportunities? Discover the secret to building real estate wealth with Mike Mannino as he shares the Widget Cost Secret, helping you scale your business and achieve financial success. Mike shares his journey in real estate investing, detailing how he successfully flips houses unseen and manages over 100 projects. Mike Mannino, the founder of Real Estate Wealth Builders, boasts an impressive nine years of experience in the real estate industry, specializing in flipping houses. His expertise lies in the development of a standardized pricing sheet, meticulously crafted over thousands of hours and substantial financial investment. This tool has proven to provide a 90% accuracy rate in predicting renovation costs, significantly reducing financial risks and maximizing profitability. With over 100 successful house flips to his name, Mike's insights and strategies are invaluable for real estate investors aiming to scale their business and effectively identify profitable investment opportunities. Mike Mannino's real estate journey is a testament to the resilience and adaptability required in the industry. From early days spent tirelessly working on house renovations, Mike's determination to streamline the process led to the creation of a game-changing standardized pricing sheet. This innovation not only made renovations predictable but also scalable, propelling his business to new heights. Venturing beyond Michigan, Mike expanded into multiple states, delving into the world of apartment buildings with the same unwavering commitment to quality. His hands-on approach to every aspect of the business, from finding contractors to overseeing renovations, reflects his dedication to excellence. Mike's ability to navigate challenges and turn them into opportunities has been a driving force behind his success. His story serves as an inspiration for real estate investors looking to scale their businesses, showcasing the transformative power of perseverance and forward-thinking strategies in the competitive world of real estate. In this episode, you will be able to: Master successful real estate investing strategies to maximize your profits and grow your business. Explore the art of flipping houses without seeing them, unlocking a whole new realm of investment opportunities. Learn the secrets to building a rockstar real estate investment team that drives your success to new heights. Implement standardized pricing in real estate to streamline your processes and boost your bottom line. Discover the art of finding discounted real estate properties, giving you a competitive edge in the market. Timestamped summary of this episode: 00:00:04 - Introduction and Guest Introduction Laurel Simmons and Katherine Nelson-Riley introduce the podcast and guest, Mike Mannino, of Real Estate Wealth Builders. 00:03:36 - Evolution of Flipping Business Mike shares his journey from hands-on flipping to building a team and standardized pricing sheet over nine years, leading to scalable and predictable renovations. 00:08:36 - Expanding into New Markets Mike discusses implementing his flipping system in new markets, including out-of-state projects, and the challenges and process of finding and working with contractors. 00:11:12 - Biggest Project and Profitability Mike shares details about the largest single-family house project, including a fire-damaged property, and how his system enables accurate cost predictions to mitigate risks and maximize profits. 00:12:31 - Managing Large Projects Mike explains the team structure for managing single-family and apartment projects, including his role, his business partner's responsibilities, and the streamlined operations for handling renovations and property management. 00:13:26 - Starting Small, Thinking Big Mike Mannino discusses his journey of buying apartments,
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26 mins