I feel like that's probably why I ended up in my parents basement and those are the things
they don't ever really talk- never tell you even how they got the house, that's the
ideal flipping situation because it was the best thing. People didn't see me coming, right.
First of all, I just wanted to talk briefly about the flipping of houses. Yeah, I mean
I've seen Flip or Flop and sell it or love it or lose it. Is that the same kind of a thing
and I know well- I don't know but I know that in your cool- and by the way who does the opening
Noelle, who is that? How did you win that, that's the fun part. Okay it is.
It is. So, he writes and so he wrote my theme song so that is definitely him and I begged for that so
I'm super proud to have that. So, the flipping of the houses and the tv shows, I love this question
because that's really I feel like what inspires most people and gives them interested in flipping.
I can watch those shows all the time and quite frankly I used to watch them all the time
and I feel like that's probably why I ended up in my parents basement. Really? Yes, too much of
that tv stuff is very bad for you. If you really think that's how it works in the real world, you
are kidding yourself. So, Tarek and Christina, yeah I love them to death but no because remember
those shows are sponsored by Home Depot and all of these things and so some of the prices and just
the way that they do things is just crazy, not real. It's not real and the most important thing is when
you buy the house. This is truly from my education and this is something I did not know before.
In a flip, you make your money when you buy the house, not when you sell it and they focus
so much on selling it and the home you know the home tour that people come do and that's
when they come by and no. The important thing when it comes to flipping houses is not all that fun
stuff, it's not the granite countertops and the you know the stainless steel appliances. It is really
finding someone that is in distress, they're going to give you that house at pennies on the dollar,
you know what I mean? You're going to be able to to get things
done inexpensively but still make it look nice and those are the things they don't ever really talk-
they never tell you even how they got the house, right? Do they ever tell you how they got the house?
Sometimes but you know it goes right to just the remodeling exactly and they focus so much on the
remodel and that's where you you get messed up. So, one of the things when it comes to flipping
houses that I learned was focusing on people with a property problem yeah and when I started going
in Connecticut in my parents basement, broke, bankrupt, foreclosures and I start going to
all those free events, they start telling me how to find people in public records that are behind on
their mortgage payments, that are in bankruptcy, that are in divorce that probate,
that someone died. Those are the houses that you want to flip. I see because
you're coming in from a position of I can help you get out of this situation as opposed to
we just bought this abandoned pile of crap off of an auction. Yeah and we're going to go in and take
out all the termite ridden blah blah blah and fix it. Yeah, okay and t's two points. You ask yes,
you'd rather help someone. You don't want to find a house in auction those are really usually terrible
houses that have been they've been abandoned for months and months. Those are some of the
worst houses. You'd much rather someone, they're in bankruptcy, they're losing the house and you
get that house and you fix it up and then sell it, that's the ideal flipping situation because
they're in distress, they're behind on the payments. I would tell you how many houses I have gotten for
just the past two mortgage payments. Think about it. Someone is three months behind on their payments.
The payments are fifteen hundred dollars a month. You say to them hey, you're about to get foreclosed
on the sheriff is coming, they're going to take all your stuff, they're going to throw it outside
and because I had been through foreclosure, I could clearly explain to them what happens and how
terrible a foreclosure is and I explained to them I have this other situation where I have the
money, I will catch those payments up, I will take over the payments, you move out, I'll give you a
couple of dollars to move out, I'm gonna renovate this house and sell it. They're like oh really?
So, I don't have to have bad credit, I don't have to have a foreclosure on my presence, exactly. I don't
have to have the sheriff come and my neighbors see me. And so you're offering them a better solution
and you're getting the house again without them even really realizing it
for four thousand dollars, five thousand dollars and you're just taking over the payments.
They pay down the mortgage two, three, ten years sometimes. I mean I've gotten houses where they
have so much equity that they're about to lose because they're about to get foreclosed on. So, they
can either give that equity to the bank or they can have you know me, their friend, I'm helping
them out in this situation, this lovely investor comes along to help them out of the situation
and the whole thing is fixed and I make money and they don't have that. This is the kind of thing
that you mentor other people. Correct. You teach them how to do it? Yes, yes and this is just a side
line but I mean just enlighten me. I mean when you do this do, you ever worry that you know you're
going to bump into yourself out there like you're going to be competing with people that you've
brought along and you've taught? I mean is there is there really not property out there? There is
enough property out there for everyone. I've never had that situation. I'm never worried about it
and I think that was part of my problem that I thought there were all these real estate investors,
there's not. There's not that many real estate- You really think there's tons of people just around
the corner like I'll buy your house, I'll buy your house. No, it's really not that much competition, one,
two what I found is there were no Noelle's. There were very few women. I was just saying
is that to your advantage? I would think it is to my absolute advantage. Everyone acted like it was
going to be the biggest detriment that I was a black woman and it was the best thing. People
didn't see me coming, right. They were just like you know I'm a mom, I'm very unassuming
almost. I don't seem like this savvy shark that I really am. I was gonna say under the surface,
there's a shark, right, but I'm just a mom, I'm a woman, I'm mothering, I'm here to help. I explain
things, I try to be very patient and explain what happens and what happens in the situation, explain
paperwork and I'm just more of a mother with it and so it was more of my advantage where you know
although you don't get a lot of repeat business, I joke. You don't get a lot of people are gonna call
me like I'm in foreclosure again, I'm in bankruptcy again, that doesn't you don't get a lot
of refeed business in this business but you do get a lot of people that tell you wow, thank you.
Yeah, yeah you do. You get a lot of gratitude, thank you you know and the thing is I wish I had of me
when I was losing all of my properties, that would have been nice. It would have been that well and
you would have learned it earlier, correct. Wow what an amazing episode. I hope you really learned a lot.
Do you want a successful YouTube channel just like me? Well now you have the opportunity. Go to bethe
herostudios.com and fill out an application to work with Nate Woodbury. He's the person responsible for
my YouTube channel. Hey there, look forward to chatting with you. You can work directly with
Nate just by going to betheherostudios.com, filling out the application and make sure that you
tell them Noelle Randall sent you. I just want to make sure that you have all of the resources, all
of the tools and all of the knowledge that you need to be successful. This is Noelle, to your
success. I really thought I was super successful doing what I did. Yeah, was that the face you made,
yeah that's exactly the face that I'm making because I'm making it now. Yeah like
how do you do that? How do you do that? I think the minimum was a thousand dollars profit.