In this podcast interview with Andrey Sokurec, we dive into the journey of building a high-volume house-flipping business, offering a candid look at the lessons learned along the way. Our guest reflects on the challenges of managing a labor-intensive, highly leveraged operation, and the differences between conducting business in the Midwest versus the Southeast. He shares insights into the three key compensation strategies that keep employees motivated and the importance of maintaining a strong company culture, which earned his company a spot on the Inc. 5000 list of Best Places to Work.
The conversation also touches on the 2008 financial crisis and its impact, highlighting the significance of education, coaching, and financial freedom. Managing operations across two locations comes with its own set of hurdles, which he navigates with strategies that focus on scalability, creative incentives, and a supportive environment that fosters growth.
As the business transitioned from a rental-focused model to one centered around flipping homes, payroll management and employee incentives played a critical role in keeping the team aligned and motivated. In his reflections on the challenges of house flipping, he emphasizes the importance of adapting to changing market conditions, scalability, and staying innovative to ensure long-term success in a tough industry.
LinkedIn: https://www.linkedin.com/in/sokurec?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
Facebook: https://www.facebook.com/AndreySokurecInvestor
TikTok: https://www.tiktok.com/@andreysokurec
Book: Total Financial Awakening: Escape the Grind, Discover Freedom, and Reclaim your Life through Real Estate Investing
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.