Revolutionizing Real Estate Deals With FlippBidd With Ken Singh

In this episode, Derek Dombeck welcomes Ken Singh, the innovative mind behind FlippBidd, a real estate app designed for investors. Together, they explore how this cutting-edge technology simplifies bidding on property deals, making it easier for investors to find and secure opportunities. Whether you’re a seasoned investor or just starting out, this episode offers valuable insights into how FlippBidd can transform your real estate ventures. Join Derek and Ken as they dive into the magic of this revolutionary app.

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Revolutionizing Real Estate Deals With FlippBidd With Ken Singh

Welcome to the show. If this is the first time you found us, thanks for being here. If you’re coming back time and time again, we appreciate you. I can’t tell you how much growing this community means to us. We’ve got an awesome guest. His name is Ken Singh. Ken is the developer of an application called FlippBidd. As we dive into this show, it’s going to open your eyes. It was something that I was in awe of when I discovered it and we started talking about it.

Before we bring Ken on, I want to let everybody know that if you are following the show, please like it, and share it. Give us five-star reviews as often as you can. Go to The Generations of Wealth Facebook page. Join and interact with that community. We want to grow this for everybody. Also, if you are interested in learning more about our negotiations training that I put on called No Means Not Yet or The Circle of Trust Real Estate Investor Mastermind that I host and run, you can check all those things out at TheGenerationsOfWealth.com or go direct to their URLs, which is REICOT.com. With that, let’s bring on our guest, Ken Singh.

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Introduction And Background Of Ken Singh

Ken Singh, we were chatting before we started recording. I am jacked to have you on the show because I’ve been seeing information about what you have going on for the last 30 to 60 days. I’ll be honest. I didn’t check into it. I’m not going to let the cat out of the bag until we get to that part of the show. Thanks for being on my show. Tell the world a little bit about who you are and your background. Let’s dive in.

How are you? I am the Founder and CEO of the FlippBidd application. We are live on the App Store and Google Play. My background is in software and technology. I got involved with real estate shortly after the market crash of 2008. I got my beak wet with my first REO deal back in 2010. A little background on myself, I’m a father of two, a 7-year-old daughter, and my youngest who is going to be one. I am the fiance of one. I live out in Long Island. As much as I like technology, software, and real estate, I love my football on Sunday afternoons and mornings. I am a Giants fan. We have a good time. I appreciate you having me on your show. Thanks so much.

You got into real estate, but you were a software guy. What’s your background?

A lot of people who know me know my background or history. Right out of college, I got involved with a software company. It was nothing fancy. It was a customer service position. I wanted to go ahead and make sure I make ends meet like everybody else does coming out of college. It was a customer support position that evolved over time.

I’m going to give away my age. This was back in the days when we were sending out burned CDs for trials. There was no Cloud software out there, so we were mailing out those CDs for trials and they would expire after seven days. That was back in 2000. Since then, my professional experience has grown into data-backed companies, as well as a lot of PropTech companies. PropTech stands for Property Technology.

When I got my first wind of real estate, it was a couple of years after the market crash. I got involved in an REO that a friend of mine helped me JV with him on. We put some money together, fixed it up, and put it back on the market through a local realtor. We were able to get a 100% return on our money. It doesn’t sound like a lot, but when you’re 25 years old, dumping $20,000 into something that you don’t understand could be quite stressful. Even now, $20,000 is a lot of money. We were able to get almost double our money back. It was a lucrative enough deal that we were able to make that type of return on our investment.

Since then, the network grew. The like and the taste for real estate grew. I always liked the interior design. I liked building things from scratch. That’s why I built this application. I like to make it bigger, better, cleaner, and faster. It works hand-in-hand with homes. You could build a home to something very basic and standard all the way to multi-millionaire smart homes, depending on how much money you want to invest in it. Those of you guys out there who are reading that love real estate as much as I do, you can understand. You can get very emotionally attached to it. What I wanted to do was take my love for real estate and my background in technology and build something special for you guys.

The Evolution Of FlippBidd

I got so many different questions. I’m not techy at all. Full disclosure, I had a business partner for ten years. He had a tech background and I let him run that show. I did the other stuff, the people-person type of stuff. For me, it’s been a challenge. He bought me out of our lending company. We’re no longer business partners. If I have to switch to a new phone, it gives me hives because I hate the learning process. Once I learn it, then I’m all in, but I hate change. When you started trying to, first of all, decide to even start an app, and I don’t know what that takes but I’m sure that takes a ton of work, what was the reason? What was going on in your world where you were like, “There should be an app for this?”

You’re correct. This application and the thought of this type of application came from necessity. That necessity was based on how investors, wholesalers, and real estate specialists in this industry were interacting with each other and allowing full transparency on deals, and also how people were communicating. I caught myself finding out that when I created this network, I was getting deals. I can’t believe it still happens, but I guess it’s needed. It’s through companies like Constant Contact and MailChimp. People are bombarding and spamming people on Facebook with deals. These organizations are very good for marketing but they’re not real estate technology. It’s not real estate-centric. It has a broader need.

I’m sure for a lot of your audience, this message resonates with them as well. I’m sure we all get bombarded with spam. We all do. Why? It’s because we put our emails and phone numbers out there. This upsets me more than anything. Somebody gets my phone and they’re creating WhatsApp chats with 300 people on there.

They think they’re going to sell properties on WhatsApp, which beyond me is ridiculous. Nobody is investing $50,000, far less $1 million, into a property. They’ve bought multifamily homes that go for that much, even commercial deals. If someone added you to a WhatsApp chat or someone posted a picture on a Facebook channel and said, “I got a great deal. Would you like to buy it like that?” It’s not real estate-centric.

The idea came from why is real estate one of those industries that are so far behind the curve when it comes to technology. We could put a man on Mars or a space station of some sort on Mars, we can go ahead and create this AI revolution, or do anything that we could think of, but we can’t connect all of these micro-communities across America. We can’t have them network seamlessly without hiccups and without empowering them full of data and the right tools that they need to be able to communicate effectively for acquisitions, dispositions, property research, and data without spending an exorbitant time on their due diligence on the buy and sell side.

I’ll tell you why it hasn’t happened. The reason why it hasn’t happened is that a lot of people are scared of disclosing what they have. What they don’t understand is that it’s a double-edged sword. If you are in real estate and you don’t disclose what you have or market what you have in the right fashion and take a little bit of risk, because that risk happens both on the buy side and sell side, it’s not only your risk, how are you going to get anywhere without disclosing or creating a network?

It’s amazing. We go to all of these events nationally. We go to these conferences. We’re connected to these mastermind groups. We can network all day long and have a couple of drinks and beers with our colleagues. Guess what? How do you do that on a day-to-day? Do you spend thousands of dollars on airplane tickets every day or do you do that using technology and make things happen for yourself?

I’ve not delved into your app, so I can’t say that I’ve used it. Although, I did download it before we started the show. My goal in this show is to tell everybody about what it can do but also what can it not replace. I’m being a devil’s advocate. I am a face-to-face, person-to-person, across-the-kitchen-table, belly-to-belly, old-school person. What can the app do and what can it not do?

What it can’t do is do your work for you, at least not yet because we have AI. That’s coming. We can’t have the work or the majority of the work done for you. You have to utilize the tools that are given to you. You have to utilize the resources that are given to you. It’s like the old saying. You could lead a horse to water, but you can’t make them drink it,

What it can’t do is do everything for you. What it can do is shorten your due diligence period when it comes to acquisitions, dispositions, networking, property research, and data. It’s on the fly. It’s saving you hours’ worth of work. If you’re a belly-to-belly type of guy, that’s fantastic. You’re in Wisconsin. Guess what? Maybe you’re looking at a market somewhere in Clearwater, Florida. Are you going to fly down there every time you see a property?

No. 100%. That’s why I’m excited to talk to you about it because that keeps me and many others from not doing those deals. We have that barrier. We don’t have the time, the money, the energy, or whatever the excuse is. Walk us through a little bit. We downloaded the app. Take us step by step through this.

We’re going to go ahead and give you on the show a real treat. I’m going to walk you through this application in five minutes to show you the power of a little bit of what it can do. If I go through the whole thing, we’re going to kill the whole time. I am going to be using an iPhone for this purpose. The maps do look a little different from Google or Android than they do on iPhone.

The iPhone uses Apple Maps, which is a little bit more crisper and a little cleaner. Google Maps is going to step up their game. You’re going to be powered by Google Maps. Once we’re in the application, for you guys out there, I’m using my thumbs to maneuver around. When you open the app, all I’m going to do is float around the world. It’s in real-time. It’s dark all the way in the East. The globe shadows as we go and progress throughout the day. All of this is happening in real time. That’s one.

Two, what you’re going to notice in the United States of America is a bunch of different icons and little ID cards. Those are representative of verified investors that we vet that we put on the map. What does that look like? I’ll give you an example of my buddy Bryce McKinley. I know he is up and down in Dallas. I know it’s him because he is always around the Frisco area. When you click on the ID, you’re going to see Bryce up there. He is a big advocate of the application. He’s a verified investor.

Navigating The FlippBidd Application

Right through the application, if you’re a seller and you have a relationship with Bryce, you could sell him your deal by clicking on the Sell My Deal button. Put in the property address, enter the price, and enter the sale type. Is it a contract to sell, note, REO, short sale, straight deal, subject to, or wholesale? Leave a voice note for up to fifteen seconds and hit Upload. Bryce is going to get notified in real-time of a text that you sent them a deal with the price and the information.

Also, the app is going to notify him if a new property was uploaded with a contract holder. You have to hold the Contract To Sell to sell to our verified investors. The problem is we don’t want middlemen. Investors don’t want to deal with middlemen. The sellers don’t want to deal with tire kickers. They want to deal with real principals. That’s one. The second part about the application is the ease of use. You could float around from city to city. What’s a major city in Wisconsin?

Go with Milwaukee. That’s the biggest one.

We’ll go to Milwaukee, Wisconsin. We’re in downtown Milwaukee. We’ll check out some of the properties out there. There is not a lot for sale yet. Hopefully, once we start hearing feedback from your show and you have a lot of listeners coming in who want to utilize the application, guess what? Your users will have either addresses, wholesalers, or properties of interest. You can use our FlippBidd one-touch feature and click on any property in Milwaukee. We’ll pick a guy and click on the house. You can nationally request data. It says no data on that one. Is that a non-disclosure state over there?

It’s probably different county by county. That’s why I chose Milwaukee.

Let’s go out to Sherwood. Let’s see if we could pull some data on one of these properties. I’ll pick this guy and request data. You’re not going to get data in Milwaukee. I wonder if it’s a non-disclosure state. If you do have an address and you want to go ahead and submit a property and sell a property, if we are not able to pull the data, you could still upload the property yourself by clicking on it, selecting it, and hitting Request Data. You could add the property and sell it immediately. Once you upload the property with the pictures, the beds, the baths, the square feet, asset types, and the voice note, it looks something similar to this.

I’m going to get out of Milwaukee for one second and I’m going down to our Southern friends in Florida. Let’s go to West Palm Beach, for example. It’ll navigate you to West Palm Beach. We have a lot of wholesalers out there that are selling properties. When you float around the application, you’ll see on the distant horizon there are a bunch of deals for sale. It looks like it’s in the Miami area.

Let’s say you have a property out here in West Palm Beach that you want to pull, dispose of, and notify everybody. There’s a nice-looking property. Let’s click on that. You can go ahead and do the same thing by parsing down your thumb and requesting the data. It has 5 beds and 5 baths, 10,524 is the lot’s square foot. Let’s view the property. Let’s take a look at the street view. That’s the property I would like to dispose of.

What we do is we take a screenshot. You don’t have to do this because a lot of wholesalers have pictures and videos of their properties. I don’t. I’m going to crop it and save it to my photos. Let’s click the back button. We’re back. Let’s make sure the property information is there, the building square foot, lot square foot, property taxes, floors, and the ARV. We provide you high, average, and low and also five comps of pretty much every property in the nation. We are integrating commercial as well, such as office, retail, and industrial, by the end of 2024.

From the mortgage data, it looks like Kane Baker and Mary Baker owned this property. They closed on it in 2019 for the sale amount of $12.5 million. I don’t blame that. That’s a beautiful property. They got some equity there. For foreclosure, they’re in good standing. There’s no judgment amount and no auction date or anything. They have an agent MLS history with Lawrence Moens Associates. We do pull up information.

Here’s the cool thing about this. Every time you visit a property on our application, whether it’s for acquisitions, dispositions, or research, we also have a skip-tracing feature. You can do this all day long to search properties and skip trace. What happens is when you visit virtually a property in our system, it shows up in your My Visits.

I’m going to click on my profile and go to My Visits. I have the properties I’ve already skip-traced, but here’s the one that we looked at in Flagler Drive, West Palm Beach. You could select all, skip trace everything in your list, and export it out to your email with the phone numbers and email addresses. You can also select, skip trace, and hit Okay. That property has been skip-traced. You don’t even have to leave the application after it’s been skip-traced to make a phone call or email if we have the email on record. In this case, we don’t for public records, but we did manage to get three phone numbers. We hit the phone number, dial it out, and make a deal with that homeowner.

The only question I have on that is when it is skip-traced and they’re on the Do Not Call list, is that pulled out?

If they’re on a DNC list, it wouldn’t appear. It’s public records. When you appear on a DNC list, they take you off of public records. That’s what they do. On here, it wouldn’t say that. You can make phone calls directly from here as well as email addresses. Let’s move forward. I have to delete this. Every time we do a webinar or show and do a demo, everybody in the application gets notified. We received a phone call while I was in the middle of a demo once. The gentleman said, “I love this deal. I’ll take it.”

All you do is hit Sell My Deal and put the price in. Let’s call it $1.25 million to make it expensive so hopefully, we don’t get a phone call. Let’s say it’s a contract assignment. Let’s take that picture I took, attach it, and leave a voice note. I see that you’re not a big fan of tech or you’re not too tech-savvy. Even you can leave a voice note by pressing the Voice Note button. I’d be like, “My name is Ken Singh. I have an amazing property in West Palm Beach, Florida. The comps call for about $1.5 million. We have a contract assignment for $1.25 million. Connect with me on FlippBidd for more information via chat or call me directly on the app.” Done. It’s saved.

Once I hit the Verified Investor button, I have to check I hold the Contract To Sell. That means I want to sell it to a principal only that’s been vetted by the FlippBidd team or I want to sell it to the entire network. I could be like, “I don’t hold a contract. I’m a broker. I don’t care. I have this deal from somebody. I don’t care if you’re a buyer, a seller, or a broker agent. Get me a buyer for this property.” Once you hit the Upload Property button, you have to abide by our federal and local real estate laws on top of our terms and conditions.

Once I hit the Okay button, give it a second. It’s going to upload and it’s probably going to send a notification out. You also probably got a notification because you’re on our app in real time. It’s been uploaded with my voice notes and all the property data that we pulled. When we go back, we have a little icon on the map. Imagine that happening hundreds of times a week from wholesalers and everybody getting notified in real-time.

Before I get that phone call, I’m going to do one thing. I’m going to go ahead and delete the property right from my control. I got a message already. Let’s go to my messages. Someone said, “Nice property. Let’s make a deal.” That’s it. That’s how it works. For phone calls, it’s the same way. People will call you directly when people are interested in your deals. You just pick up your phone.

We’ve done something cool with our application. What you guys call buy boxes, we created Find My Deal. That’s our feature. When you get a verified investor license on our application, which is free, and there is a vetting process, you could click on the little icon and let everybody in our network know that Derek is looking for a single-family because he is cash-heavy. He’s looking for an REO. He’s looking to spend about $200,000 to $300,000.

Let’s call it a multifamily. You want to get involved in multifamily in the state of Wisconsin. Let’s go out to Wisconsin. If your audience were on this application after tuning in to this episode, which I’m positive is going to happen, and I hit the Send Request button, everybody is now going to get notified that Derek is looking for a multifamily between $200,000 and $300,000 in the state of Wisconsin. Everybody in the community was notified.

That was a quick run-through. I don’t want to waste too much of your time. I do want to go to my Downloads and delete Flagler Drive because I don’t want to get in trouble. You have your controls. You can share your property with your friends via text, WhatsApp, and email. You could edit the property. You could delete it or mark it under contract. Here, we’re going to delete it and hit Okay so we don’t get in trouble because we’re good law-abiding citizens and we intend to stay that way. With that said, that’s the application. Any questions? I know it’s very new, but we did keep user experience in mind when we created this.

Growing The FlippBidd Community

It was great to run through it. That was good. You’re trying to grow this and spread the word. That’s the whole point. The more users that are out there, the better it is for the entire community. Where are you at? We’re recording this show in July 2024. It’s not going to be out immediately. By the time everybody is checking this out, your users could be, hopefully, many times greater than it is now. When did you launch? How many people do you have right now?

This is our third iteration of the application. We’ve been working on this for about eight years. It started with a rinky-dink website. We kept growing it and making it bigger, faster, and stronger. Finally, the full marketable version we launched in mid-May 2024. We’re almost two months in. We’ve got about a little north of 1,000 downloads over the last few months. We have, on any given day, probably about 15 to 20 downloads a day that’s happening. It’s growing.

I can’t tell you how many are active, but what I can tell you is we record on the backend how many people are using our FlippBidd one-touch feature to pull data. It’s in the double digits every day. There are people pulling data all across the nation. We are incentivizing our wholesalers to be able to upload. Once you upload two properties, you have a full 30-day trial for free. No restrictions, nothing.

We’re doing a little bit of a giveaway, which you asked about earlier. Since we’re so new, we’re looking to give away ten free licenses for 2024. It’s valued at $1,500 through the App Store, but that $1,500 license is a $0 cost to you if you can upload 10 off-market private deals that don’t have any MLS history behind them. If you’re a major wholesaler and you’re tuning in to this, we’re willing to give away a free 1-year license of 0 cost to you for simply uploading 10 off-market private deals. What that’s going to do is it’s going to create a flywheel effect.

Features And Benefits Of FlippBidd

On one side, we’re bringing on the wholesalers and they’re catching onto this thing. We got a lot of deals uploaded within a two-month period. We’re looking to bring on investors. We have about 70 already on our application nationally. It’s growing. By the time your audience tunes in to this episode, not only are we going to have a substantially higher number of properties, users, and investors online, but we’re also building a bunch of awesome tools and technologies like a distressed skip tracing feature with our polygon search filter in any market in the city. It will be able to pin old distressed properties, pull them into your My Visits, and you can make all the phone calls and emails you like for those distressed property owners. That’s going to be live in 30 days. We’re growing.

The Future Of Real Estate Technology

I have been around this business since 2003. To see what has changed in the 21 years I’ve been in this business is mind-blowing. I bought my first properties out of the newspaper. Did that take us two minutes to put in a property? It’s populated across the whole world. It’s mind-blowing to think what can happen in the next twenty years.

I can tell you and your audience what’s going to happen in 2025. Forget about twenty years. We have a little assistant. There’s a button in the middle of the application that helps you navigate from city to city by telling it, “Take me to this city and state.” We’re building out an AI feature that will allow the buy side and sell side.

Based on the ROI you’re looking for, it’ll say, “Hey, Flipp.” We’re thinking about giving it a new name. I’m not going to mention it yet. You could ask the assistant, which is going to be backed by AI, to find a property in a specific state and say, “I’m looking for a $25,000 ROI based on this property.” It already has the address, the ARV, the comps, and the square footage of what it would take to renovate. You could say, “I’m looking for a $25,000 ROI within a six-month period. I’m looking to borrow hard money at 85 LTV at a 12% interest rate. Submit an LOI or Letter Of Intent to the seller based on the return on investment I’m looking for.” The application will send out a letter of intent to the seller based on that number.

On the sell side, it’s the same thing. You could ask the assistant to upload the property at a number based on what kind of ROI the seller is looking for based on an assignment, a wholesale REO, how much time you have, how much time you’re willing to keep it on the market, your holding costs, and what price you could put in position to that, so you don’t waste time letting the property sit around based on certain market conditions.

That’s the key point right at the end where you said certain market conditions. Everything is fluid. We don’t know what’s going to happen in the election year coming up this November 2024. If somebody’s holding out for 2023’s prices, by the time they sell it, their holding costs and everything else went through the roof. They didn’t end up making the profit margin they thought they would. You’re saying you can put the parameters into this or you will be able to. The AI will almost monitor what the market is doing and, to a certain extent, give you advice on what you should be accepting for this property. Is that what I’m hearing?

It will give you a suggestive number to upload the property or a suggestive number to submit a letter of intent for purchase of the property based on certain market conditions and other variables like nearby listings and variables such as how much work the property needs based on the square footage and how quickly you would like to get that ROI.

Does it take into account the local MLS average days on the market?

Yeah. I’m happy you mentioned that. We are integrating some interesting reports with First American National Title’s DataTree. We have a virtual tourist coming up in about 90 days that allows our users to get those reports on the fly. We’re capturing all that data from DataTree. CoreLogic, we’ll have our third meeting with them. Let’s see what happens. We met with the CIO and head of R&D in Dallas. Also, there’s LexisNexis. For those of you who don’t know these names, these are some of the industry leaders in data. We are able to capture all that information to give you some of the most pinpointed, direct, suggestive advice.

You mentioned an annual license for people that you’re giving away if they upload ten off-market properties. For the small investor that’s doing one property every quarter versus the large wholesaler, what can they expect to spend?

We wanted to make sure we leveled the playing field for everybody. We understand that for every 1 savvy investor out there who does hundreds of deals a year, we have 1,000 new starting wholesalers, or newbies as you would call them. I don’t like using that word. These are people who are new to the industry and are trying to get their feet wet with the industry.

We try to keep the pricing low. It’s free to download and use. We don’t even ask for a credit card. You go to the App Store or Google Play and download it. When you’re ready to purchase, make sure you click on Derek’s URL, which he will provide you. When you click on it, it’s going to be $99 a month for you, which based on all the features and functionalities we have, is not a lot.

With all the additional features and functions we’re building in the web app, it will be about somewhere between $199 and $249 a month. There’s going to be an exorbitant amount of features alongside the virtual tours, distressed skip tracing, the full property reports from DataTree, CoreLogic, and LexisNexis, and the web app for your complete operational needs.

The link is TheGenerationsOfWealth.com/VirtualWholesaling. As you build it out, if we come in and it’s $99 a month, are there going to be increases in pricing as you add more features?

Absolutely not. We want to keep this as affordable as possible because we want to make sure that this is truly a tool that we are helping the real estate industry with, not just making our pockets fat. We’ve been utilizing our own money for this. We have not raised a single cent. We’re very proud to say that we’ve developed something that’s truly needed in this industry.

We’re going to keep it at $99 with our affiliate link and your specific URL. For anybody out there who’s tuning in, if you try to download it through the application, it’s $125 a month, but with that special URL, you will get a 20% discount. We’re going to keep it at $99 with all the additional features of the web app. It will be somewhere between $199 and $249. That’s going to be available in about three months from now or sometime around the holidays.

I feel like you should get on Shark Tank and tell the Sharks that you bootstrapped your app and it’s succeeding. See if Mr. Wonderful gives you a hard time.

They’re all giving me a hard time. I’ll be honest with you. For those of you guys who are tuning in, I’m sure this is true for you guys as well. I didn’t realize how big our industry was until about a couple of years ago. I was building this, but I didn’t realize what kind of reach we have. Just in the United States of America, forget about overseas, so many people are getting involved with real estate investments on a daily basis, whether it’s on the buy side, the sell side, or real estate specialists, agents, and so on. It’s mind-boggling.

Guess what? No one else out there understands either, whether it’s Mr. Wonderful or any of the other sharks. You don’t know how scalable this thing is. That’s another reason why we’re keeping the price point so low. I believe with help from individuals like yourself, leaders such as yourself, podcasts, webinars, and the admin groups of Facebook, we can truly become a successful application that’s going to apply to all facets of this industry.

It’s nice to be on the beginning side of this as well, for me personally, to watch it grow. I’ve seen some marketing and I didn’t dive into it. That is the hard part, even marketing a show like this. Everybody gets spammed all the time. Most of us delete 98% of our inbound emails because we don’t have time or it’s a solicitation for something that is crap.

The bad thing is, and I’ll be the one to admit it, FlippBidd was on my radar and I didn’t pick it up. I’m glad that I did and got to spend this time with you. This show is evergreen. If this is 2 or 3 years from now, get back here and see what FlippBidd is doing at that time. I bought my first properties out of a newspaper. Seeing this is mind-blowing. It’s awesome.

Thank you so much. If you guys catch this episode a year from now, we don’t know where we’re going to be, but I’ll tell you one thing. Our mission and core values will always remain the same. Always have been, always will. We couldn’t do this without you guys out there. Thank you for tuning in. We look forward to you joining our real estate investment community. The power belongs to you guys. We appreciate you.

That’s cool. I’m curious. How big is your team? What kind of a team does it take to build this out?

It was primarily just me in the beginning with my developers. We went through about three different groups. They needed to see our vision. It’s hard to present something that’s coming from your brain, your mind, and your vision and be able to put it on paper and then see someone build it based on their professional experience and the quality of work.

We went through about three different development teams. We have overseas developers that are very good at what they do. They have a nice track record of similar types of applications. I have a COO. We’ve been friends for many years. We met around the same time before I got involved with the application and when that market crashed. His name is Philippe Agustin. Philippe, if you’re tuning in, a big shout-out. Thank you. He handles my backend operations.

We have a whole backend system that nurtures all of our leads and downloads. We make sure we communicate with all of our downloads, our clients, and the community of users. We would love to have you there. We do an end-of-the-month open mic night on Wednesday. I always ask, “Come as you are. Bring your beers, your drinks, or whatever you have in your beverage of choice. Let’s get to know each other.” We have an open mic night.

We have a BDR or a Business Development Rep that we onboarded to reach out to wholesalers nationally. We have a list of about 5,000 wholesalers that we need to reach within the next two-month period. We have a creative design guy who creates everything. He has designed the UI/UX interface and all of our ads. Patrick Yepez is an integral part of the team. He’s handling all of our marketing and expansion strategy. He’s an amazing human being. He has his own operation. That’s it. It’s a small group of maybe six people.

I’m familiar with Patrick. We’ve had several conversations. He’s a great guy.

He’s an amazing guy. That’s our team. We don’t need to be a big organization to do big things. We’re living proof. What we need more so than anything is to get the word out there. That’s why we’re on amazing shows like this one. We’re going to keep on trucking and moving forward. That’s it.

I’m going to ask you one last question I ask almost every guest. This can be about anything. What should I have asked you that I didn’t?

You didn’t ask me how I handle my family life, juggle working fifteen hours a day at the same time, if that has been easy on family and my significant other, and how I get to manage that on a day-to-day.

What’s the answer?

The answer is a man can do phenomenal things when you have amazing support behind you. I’ve been through some not-so-happy moments with other significant others, but when you have the right person behind you, you could take off to the moon. My answer is I juggle it because I have a lot of support. My family loves me and they see the vision clearly. It hasn’t been the easiest in the beginning, but it’s a lot clearer. I make sure I dedicate some time on the weekends to my family, which is important, so I don’t have burnout. Support is the key.

“Live your vision, love your life” is our mantra. That is a big important thing. I’m glad that you brought that up. It is easy to get caught up in work and what that can do to your relationships and your family life, certainly. We may have to have you back on in a few months and dive more into the vision side of that and what it was like to work on this for eight years if you’re willing. I see that so often. People have this grandiose vision for a big business but it screws up their vision for their personal lives

Balancing Work And Family Life

It’s not even the vision for their personal life. I would love to be back on. For all of you out there, you’re not alone. We’ve been through hurdles. This hasn’t been an easy road. We’ve been through a lot of hurdles financially, emotionally, and mentally. Some things broke. Things had to get fixed. You’re trying to juggle everything. Sometimes, you want to give up. Nothing great ever came overnight. Rome wasn’t built in a year. Neither was FlippBidd. Neither was your show, and I know that. It’s growing and expanding. That’s a real thing for us human beings to be able to have a healthy work-life balance and still keep seeing the fruits of our labor grow.

Conclusion And Final Thoughts

I thank you so much for walking us through FlippBidd and opening my eyes to something that I let slip past my nose. For everybody who has tuned in to this show, go to TheGenerationsOfWealth.com/VirtualWholesaling. All the information that you need will be there. I encourage you to spread the word to everybody as well. Start using the app and then tell everybody else. Honestly, everything that I’ve seen over the years that started off as a good idea and failed was because there weren’t enough users. It loses interest. People lose interest. The more people we can get on FlippBIdd, the better it is for all of us. You got me convinced.

I’m glad. Derek strengthened the Kool-Aid. I hope you guys do too. Honestly, we would love to have you be a part of our community. Thank you so much, everybody. I appreciate you tuning in. Thanks so much. It’s been great. Let’s stay in touch. I look forward to coming back to the show in the future.

For everybody else, thanks for tuning in to this show. We’ll see you on the next great show. Get out there, live your vision, and love your life. Give us the five-star reviews, the thumbs up, the shares, the likes, everything wherever you’re finding this show. Help us grow the community. We’ll see you next time.

Important Links

• Reicot.com
• Gowvoyage.com
• TheGenerationsOf Wealth.com/fbGroups
• TheGenerationsOfWealth/Virtual Wholesaling
• TheGenerationsOfWealth.com/YTChannel
• TheGenerationsOfWealth.com/Instagram

About Ken Singh

Ken is an out-of-the-box thinker with twenty years background in software and technology, and the last 15 years in real estate sales and investments. As he became experienced in the real estate industry, he saw that the industry was lagging far behind the rest of the world in the creation and adoption of truly useful technology. All the real estate tech solutions that were available to Real Estate Investors, Broker, Wholesalers seemed to provide similar solutions just packaged in a different user interface.