241: From Local Flips to Raising Funds and Turnkey Investing Around the Country with Jeff Wallenius

<p>Is it possible to go from firefighter to real estate mogul? Just ask&nbsp;<strong>Jeff Wallenius</strong>, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.</p><p>In This Episode We Cover:</p><ul><li>Jeff’s transition from&nbsp;<strong>firefighting to real estate investing</strong></li><li>His first&nbsp;<strong>flip</strong></li><li>What exactly a “<strong>cash flow negative</strong>” spouse is</li><li>The&nbsp;<strong>numbers</strong>&nbsp;on that first deal</li><li>How he&nbsp;<strong>sold</strong>&nbsp;it</li><li>How to&nbsp;<strong>price</strong>&nbsp;your property</li><li>Why he went back in 2012&nbsp;<strong>after the crash</strong></li><li>The indicator of a&nbsp;<strong>good partner</strong></li><li>How he scales his&nbsp;<strong>flipping business</strong></li><li>What he thinks buying&nbsp;<strong>out-of-state</strong></li><li>Tips for “<strong>riding along</strong>” with someone to learn more</li><li>How to build an investment&nbsp;<strong>fund</strong></li><li>Why he sees safety and performance as his&nbsp;<strong>bull’s eye</strong></li><li>What&nbsp;<strong>turnkey</strong>&nbsp;is and how someone can vet one</li><li>His next goal:&nbsp;<strong>acquiring 150 houses</strong>&nbsp;in his portfolio</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="http://biggerpockets.com/forms" target="_blank">BiggerPockets Forms</a></li><li><a href="http://biggerpockets.com/conversations" target="_blank">BiggerPockets Conversations</a></li><li><a href="https://www.farmersonly.com/" target="_blank">Farmers Only</a></li><li><a href="https://www.biggerpockets.c