Jon Simpson where were you born and or raised? I was born in San Diego CA. I’m married to my wife Jocelyn Vargas-Simpson for 29 years and we have two Autistic Boys named Brian and Mark. We moved to Blandon Pa from NY in 2006.
What type of business do you own? And for how long? Investments, but primarily Flipping and Rentals. I bought into a professional basketball team called The Philadelphia Kings based out of Lancaster. Also opened up Werner St. Gold, Jewelry, and Coins in Wernersville. However, I started this journey in 2007 with my first rental.
How long have you been flipping homes? I have been flipping homes since 2018.
What did you do prior? I previously worked for East Penn Manufacturing [2006-2017] I had to leave for medical reasons in August 2017.
How did you get into flipping? I bought my first rental property in Oct 2007 acquired ten rental doors before retiring and investing full time. In the beginning, I joint ventured with four other investors. I have now done over forty flips and now I have approximately forty rental doors. Some of which are in our LLC, JSCK Properties.
What is your number one piece of advice for someone who is looking to get into flipping or wholesaling houses? I would say know your numbers when looking at putting together a deal. If you don’t have experience JV [joint venture] with someone that is where you want to be and is doing what you want to do.
What is the most important mindset shift that needs to happen for someone to become a successful house flipper or wholesaler? Always be honest with your money lenders, contractors, and partners. This business is a small circle, and your reputation is all that you have, so stay true.
What is the one thing you wish you had known about house flipping or wholesaling when you first started? That you don’t have to go alone. I have met so many amazing people that are givers of their time and information.
Jon, could you share the DO NOTs of Flipping or name a few mistakes that can make a house flipping a Flop. The biggest thing is trying to force a deal to happen. You could end up overpaying and costing yourself to be able to continue. Know your end consumer. Don’t overspend on improvements. I know it’s a cliché, but time is money in this business. All delays, miscalculations, change orders can cost you time which is money in the long run.
Any closing remarks from you Jon? Remember to treat the janitor just as well as the CEO. Always give back to those that are coming up. It’s not always about the money. If you focus on the people and the community the rewards will come. It is hard work to get started and will take time. You will fail, but you must continue to fail forward!
For more Information ask for Jon Simpson
JSCK Properties
