Aram Ghazaryan returns to explain how he transitioned from a successful RE broker to a flipper executing over ten profitable flips per year.
Aram starts by discussing his first multifamily investment which was a 7-unit building. He explains his decision to stop being an agent and jump into flipping properties full time. Aram shares tremendous lessons learned from flipping and has great insights on construction and financing. He breaks down his marketing strategy for deal flow to keep the flip projects coming along. Throughout the show, Aram demonstrates that taking action and surrounding yourself with a good construction and financing is the key to success in the flipping game!
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02:11 Housing Provider Tip - Be aware of landlord-tenant requirements around electric vehicle charging stations.
04:37 Intro to our guest, Aram Ghazaryan!
08:37 Purchasing a 7-unit building for the first time!
12:48 Stopping real estate brokerage to be a full time investor.
27:24 Finding contractors and lessons learned from flips!
30:12 Aram’s mailing campaign strategy!
36:19 Getting caught working without permits.
46:30 Liquidity requirements for flippers.
48:05 Aram’s geographical areas of interest moving forward.
49:47 What is your competitive advantage?
50:07 One piece of advice for new investors.
50:26 What do you do for fun?
51:34 Good book, podcast, or self development activity that you would recommend?
52:16 Local Network Recommendation?
52:43 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Aram Ghazaryan
Guest Company: AMG Realty
Guest Link: https://www.instagram.com/aramgrealty/?hl=en
Other Links for show notes:
How to Win Friends and Influence People (Book Recommendation)
The Book on Tax Strategies for Savvy Real Estate Investor
Rudy Minasian (Attorney Referral)
