46: Six Figure Profit Spec Building and Marketing for Incredible Deals with Jon Klaus

On today’s special Thanksgiving Day show, we sit down with one of BiggerPockets’ most active members and biggest success stories, Jon Klaus.

Jon has flipped homes, built new properties, rented homes, and done a huge variety of other activities in the real estate space. Not only is Jon an incredibly nice guy, he’s also one of the smartest investors you’ll ever hear from.

Don’t miss a second of this powerful show, where we cover everything from marketing for killer good dealsoutside of the MLS, arranging financing for your deals, getting started with no money, and even a step by step journey through a six-figure spec build.

Read the transcript for episode 46 with Jon Klaus here.

In This Show We Cover

• How Jon got started…using lawn mowing money
• Mistakes Jon has made involving War Zones
• The 7,000 sq ft house flip
• The 2% Rule – what it is, when to use it
• When to change your strategy
• The secret for beating other investors with great deals
• How to market for incredible deals
• How a single trees can cost you over $200,000
• A step by step guide for spec building
• The four elements needed for a successful spec house

Books Mentioned in the Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The 4 Hour Workweek by Tim Ferriss
• The E-Myth Revisited by Michael Gerber
• The Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happinessby Steven K. Scott

Links from the Show

• The Rental Property Calculator
• BP Podcast 022 – Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew
• Wade Cook – Wikipedia
• The Definitive Guide to Using Seller Financing to Buy Real Estate
• How to Hack Your Housing and Get Paid to Live for Free from Brandon Turner
• Forum Threads on Dodd Frank and Safe Act 1, 2, and 3
• BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett
• J Scott Diary of at Spec Build
• Rich Weiss – BiggerPockets Profile
• Jon’s recent project (with Photos)

Tweetable Topics

• With determination, focus, and a little bit of money – you can get started as a real estate investor today. (Tweet This!)
• The deal flow will always be there; people will always buy and sell real estate. (Tweet This!)
• Buy the property right – that makes all the difference in the world. (Tweet This!)
• The key to success is determination and endurance. Winners don’t quit when it gets hard. (Tweet This!)

Connect with Jon

• Jon’s BiggerPockets’ Profile

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