157: Finding a Partner After the Market Crash with Marty Boardman and Manny Romero

Flipping Junkie Podcast with Danny Johnson

Marty: Marty started investing in real estate in 2001 after working as a television news cameraman at the CBS affiliate in Phoenix. He quit his job in 2002 and went on to build a $16 million real estate portfolio. But when the market crashed in 2008 he lost it all. In 2009 he started rebuilding his business by purchasing foreclosed properties at the auction. His strength is finding, analyzing and buying distressed real estate. Marty wrote Fixing and Flipping Houses: Strategies for the Post Boom Era in 2012, a book detailing his approach to rehabbing and selling single-family homes. He’s a licensed Realtor in Arizona and Wisconsin. Manny: Originally from Pasadena, California, Manny Romero moved to Phoenix, Arizona in 2001. Soon after arriving in the valley of the sun he developed an interest in real estate. Home prices in Arizona were much lower compared to his home state of California and he saw a lot of opportunity. Manny went to the real estate investing school of hard knocks. He had tremendous success from 2004-2007 but when the market crashed he learned some very hard lessons. His strength is developing relationships with investors and raising capital. He’s also an excellent project manager. In this episode, Manny and Marty of Fix and Flip Hub join Danny to talk about each of their journeys in real estate investing and how they’ve found steady success in the industry. The experienced partners now specialize in various types of fix and flips such as turnkey and value add. They touch on the pros and cons of each method and how they were able to make each work for them and their business. They also share the simple way that they’re able to save money in their projects. This is a great episode for anyone looking to possibly scale their business and explore all of the different options available to them when it comes to achieving freedom by flipping.