094: Mindful Lessons From a Recovering House Flipper with Tarl Yarber

Getting caught up in the grind of running a business is easy. Real estate investing is no different--especially if you’re a house flipper.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Tarl Yarber to talk about how he shifted his real estate investing mindset. Tarl has more than 600 home flips under his belt since he began investing in 2011. In 2018, he realized something needed to change because his stress levels were too high and his wealth level was as good as it could be if he kept properties rather than flipping them. Today, Tarl’s business model looks much different than it did in 2018, and he and his wife are leading the lives they dreamed of.

Jonathan and Tarl uncover what it’s like to shift from house flipper to long-term investor, the difficulties of flipping homes and flipping properties in a hot market with a lot of competition. They also discuss the changing real estate market, why relationships matter as an investor, the role of social media in creating those relationships, and Tarl and his wife’s decision to scale back to pursue the lifestyle they wanted.

Tarl Yarber’s path to becoming a long-term investor is winding, but it ultimately taught him the lessons that contributed to his success. For long-term investment strategies that work, this episode is a must-listen.

In this episode, you will hear:

Tarl Yarber’s self-described role as a recovering house flipper and how his family's financial background influenced his real estate career
Why he felt compelled to continue the flipping business and his love for wholesale properties
The differences in rules and regulations for construction in each city and state
The competition Tarl faced in the housing market from first-time homebuyers and how he’s purchasing houses now
Flipping in the market now with less profit and finding diamonds in the rough
Tarl Yarber’s main focus now and using what his future self would thank him for as a barometer for buying and selling
His focus on ROI rather than cash
The three things you need to do real estate and what Tarl’s structure offers to those who prefer to be passive investors
Relationships’ role in obtaining private money and the two things that convinced him to create social media accounts for his business
Identifying the real estate investors and influencers who are blowing smoke
The tunnel vision that prevents investors from understanding exit strategies or having a backup plan
The catalysts that caused Tarl to change his mindset around real estate investing and operate his business differently

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