Unbelievable Tips On How To Become A Reliable House Flipper

Becoming a reliable house flipper is all about being honest and distinguishing yourself from unscrupulous people in the business.

reliable house flipperMany people have a negative attitude towards fix and flip specialists. The negativity comes from different sources including clients, banks and even government. I had some reservations when I was starting my house flipping website. I handle other aspects of real estate as well but I did not want to present myself as a fix and flip professional. This is because of the bad rapport that is normally associated with this business.

The Downside Of House Flipping

To be completely honest, there are a number of reasons why house flipping has received so much criticism. One of those reasons is the large group of unscrupulous people in this business. These are people who look to make great profits through dishonest methods and by scamming investors. They buy property in bad state and do nothing in terms of repairs. Therefore, they do not improve the value of the property. They then flip it to an unsuspecting buyer.

On the other hand, some house flippers buy Continue reading

How To Flip Houses Like An Expert

What exactly do you need to do while starting a house flipping business? How do you even flip houses like an expert?

how to flip houses like an expertWell, if you’re just starting to flip houses, then you have a lot to learn. And part of what you need to learn is how to manage a real estate team. For one, a real estate team will actually condense your learning curve; secondly, it will help you to go through tough times smoothly; and lastly, a team will protect you from all the major pitfalls that a great majority of house flipping investors experience.

Many investors who get into house flipping business are generally misled by a common notion: house flipping is a solitary process. But the truth is; profitable house flipping is totally dependent on the house flipping team you have.

In fact, establishing a good house flipping team comes as the second most important step of starting a successful house flipping business—first is the real estate mind set. That said, here are the most important recruits of a formidable house flipping team:

The Team Members You Need To Flip Houses Like An Expert

Real Estate Attorney

The first recruit on your team should be an experienced real estate lawyer that you implicitly trust. That’s not to say that you need one to help you get out of a jury summon. But somewhat, you need one to keep you on the right side of real estate laws.

Many house flippers make a grievous mistake by Continue reading

Do This And You Will Lose Your House Flipping Profits

Every newbie house flipper has big expectations while getting into the business. But truth be told; some of the strategies they use guarantee they will lose their house flipping profits.

house flipping profitsOf course, your gut feeling can lie to you if your experience is not good enough to initiate a sound judgement. And perhaps that’s the main reason why it’s necessary for you to rely on house flipping teams for a smooth walk through over all the puzzling phases of house flipping.

And not only will the team give you a better head start, it will also help you to purchase valuable properties all the time.

A Sure Way Of Losing House Flipping Profits

Flipping Houses With OPE (Other People’s Experience)

The biggest strategy that new investors use to flip houses without incurring losses is what investors call OPE or Other People’s Experience. And usually, such an experience is critical when you’re trying to sell your rehabbed property for the first time.

Even though many professional house flippers prefer Continue reading

How to Maximize Your Profits When Flipping Houses

When starting out, you want to maximize your profits at every chance you get but this may not be possible if you do not utilize the best possible strategies.

maximize your profitsTruth be told; the most important thing when flipping houses is knowing how to control your rehab costs. Comparably, it’s just as important, or even more important, than the price you pay in acquiring the property you’re intending to flip.

To begin with, when you’re just starting out, you may be find it necessary to do the bulk of the rehab work yourself—which, of course, is not a bad idea. But once you start doing bigger rehabs, you’ll categorically need to get the services from professionals.

That’s not to say that you’ll be required to Continue reading

Can You Flip Houses Without Money?

If there is a question that I get more often is “How do I flip houses without money?”

239 x 99 Money ImageTV shows make it look like it’s very easy to flip houses without money but in reality it is not. While it is not easy, you can learn how to do it. I do it all the time. In fact, I hardly ever invest any of my money in most of my house flipping deals.

It is definitely much easier to flip houses when you have your own money especially if you are a beginner. But there are many ways that you can find funding sources to give you money for flipping houses.

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6 Crucial Profit Making Steps For House Flipping Beginners

There’s much to learn for house flipping beginners especially about making a profit in their deals.

house flipping beginnersContrary to what many people would have you think, house flipping is not easy. Reality TV shows on house flipping make it seem like it’s easy but I can guarantee you that you cannot learn how to do it in a single day or by reading one blog.

The best way for house flipping beginners to learn the business is by doing it on their own. They will make mistakes along the way but experience is the best teacher.

Thankfully, you can shorten the learning curve by learning these six crucial profit making steps for house flipping beginners.

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To Work Or Not To Work With Wholesalers In House Flips

Many people have had terrible experiences with wholesalers in house flips but are they all the same?

I have to confess that in the many years I have been flipping houses, I have purchased properties from wholesalers. Some of my best deals were sourced from wholesalers. Up to date I still use wholesalers.

When I first started out, I had a hard time differentiating between the good wholesalers and the bad ones. I made my fair share of mistakes and I believed that a majority of the wholesalers were honest people. I wasn’t naïve; I just gave people the benefit of the doubt.

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How To Flip Houses Getting Dirty

I loved playing in the dirt when I was a kid. My mom would swing open the door and I would rush out straight to the sandbox. Since I loved playing in the dirt so much, my favorite cartoon character had to be “Pig-pen” from peanuts.

I still love getting dirty today but I love getting dirty when flipping houses. Getting dirty while making money is much more fun.

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Lessons I Learned From My Failed House Flip Deal

My kids love showing me “Epic Fail” videos on YouTube. They are the most viewed videos on YouTube simply because people love seeing other people failing at something they are doing.

The videos range from wardrobe malfunctions to the Brazilian soccer goalie that kicks the ball in the opposite direction. These “Epic Fail” videos are even more popular maybe because people watch and say “thank goodness that wasn’t me”.

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2 House Flipping Rules You Should Never Break

I received an email from someone who wanted to know how to overcome the fear of flipping houses. He wanted to know which house flipping rules you should never break.

I was tempted to refer him to the three secret steps to real estate investing success but I decided to give him the block and tackle stuff.

I still get questions such as Hey Mike, can I break the rules this one time? My usual answer is NO.

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