As a real estate investing beginner, you want to quickly learn the tricks of the trade and see a return on every investment that you make.
I recently took the time and read Walter Isaacson’s book, “Steve Jobs”. Despite his incredible success, I came to learn in his book, that Steve Jobs was a distinctive and deeply flawed human being just like many of us. He made several mistakes including alienating his own daughter. But sometimes we all prefer to think of our heroes as just that, heroes; we hardly ever want to probe further into their personal lives because there’s a high chance that we would find something we don’t like and they would stop being our heroes.
That aside, I realized that after reading the book I also came away from it having learned anyone can be great including any beginner thinking of venturing into real estate. So here are 7 lessons that Steve Jobs can teach a real estate investing beginner.
With the holiday season now upon us I would first like to say thank you for checking out the House Flipping School blog. This blog began back in May of this year and since then I have met some incredible people and formed some wonderful relationships that I never saw coming. It’s been a great experience!
So needless to say I am really looking forward to 2013. My team and I have some big ideas that we’ll be releasing to you here on the blog throughout the new year-so be sure to stay tuned. Until then I’ll be looking forward to meeting, and helping, aspiring house flippers like you get started on the road to house flipping success.
For me, this time of the year is first and foremost about my family. My house flipping business will continue to truck along, but it will take a back seat to Christmas parties and just spending some Q-time with my wife and daughters. Ladies if you are reading this, be sure to hold me to this! LOL
However this time of the year is also about reflection and setting house flipping goals for the new year.
I will be the first to admit that maintaining balance, and focusing on high impact tasks can be a constant battle. That’s why in this post I am going to share with you a detailed strategy for how you can accomplish your most important and most critical goals for 2013.
It is next to impossible to succeed in flipping houses for profit all by your lonesome. Having a solid network of house flipping contacts is an essential component to any house flipping business.
Thus effective networking needs to be at the center of your own house flipping business plan.
The goal of networking is to establish those key relationships that will help you propel your house flipping business forward.
Yet networking is really just a fancy word for making friends.
Unfortunately we sometimes lose sight of this simple truth, and some folks never seem to "get it."
In my experience it is not unusual to encounter people at networking events who's main goal is to give their card to everyone at the event. We have all been stuck in other people's boastful conversations and may have even witnessed complete strangers arguing over something that doesn't even matter.
Approaching a networking event from the wrong angle will get you nowhere very quickly. A better idea is to approach each and every networking opportunity as if you were simply there to make a few friends.
After all, making new friends is what networking truly is. Wouldn't you agree?
I am a firm believer that we are all capable of incredible things, whether it be learning how to flip houses or climbing a mountain. I believe that someone's background, education and prior life experiences do not dictate their potential.
Everyone on this planet has the potential to learn how to flip houses and do something wonderful. At least that's what I believe!
Often times in real estate or house flipping, it just takes a little coaching in order to convince someone that this is true. Someone may very well have unlimited potential-however in many cases they just don't see it.
I will be the first to admit that life can knock a person down. Unexpected and traumatic things happen, and it is not always easy to bounce back. Believe me, I too battled fear, doubt and worry when I first began to learn how to flip houses.
However if we take a look around at our family, friends and associates we can Continue reading
I talk to people all the time about how they want to flip and grow rich - a catchy little spinoff from Napoleon Hill that lots of house flipping pros seem to use these days - but something always seems to stop them...
I was curious. So we did a little survey here at House Flipping School in advance of the launch of our House Flipping School One-on-One Coaching Program to really find out what prevents people from getting dirty and starting to flip and grow rich.
We made the survey pretty much open-ended with a few questions so that people could fill in what they really were thinking.
I'm no professional survey taker, but I figured that would help.
I thought I’d get the usual answers Continue reading
Have you ever gotten that awful feeling down deep in your gut? Your stomach turns as a touch of anxiety begins to pulse through your veins?
What I'm getting at here is fear. We all experience fear and we all must figure out healthy ways of dealing with fear if we want to progress in business and in life.
I know I experienced quite a bit of fear when I was first started developing my house flipping business plan. Fortunately I have learned to cope with fear fairly well over the years, however it did not happen magically or by accident.
Conquering fear requires you to take action on your own behalf. I'll be the first person to tell you that making money flipping houses requires a great deal of fear control and management-especially when just starting out.
Everyone desires flexibility in their schedule. If you are reading articles and blogs about house flipping and real estate investing, then there is a good chance you desire flexibility in your life. If you are like me, then the regular 9-5 job just won't cut it.
Like a lot of people I spent the early years of my life grinding it out, doing a lot of hard labor and relying heavily on that next paycheck. As I gained experience I was able to run my own flooring company and begin making more managerial decisions, and Ilearned a lot about running my own business.
This flip and grow rich principle can insulate you from failure.
You can accomplish twice as much in a year flipping houses using this principle.
It has been used by every hugely successful industrialist or businessperson in the past 200 years including Andrew Carnegie, Bill Gates, Warren Buffet, Henry Ford and even Steve Jobs…
Even the United States of America used this flip and grow rich principle to write the Declaration of Independence and the Constitution of the United States.
When most people think about going into business for themselves, they usually think of rugged individualism, self determination and a renegade "do it my way" attitude of independence and self-sufficiency.
Nothing could be farther from the truth.
To flip and grow rich flipping houses, the key is to partner with people who have similar definiteness of purpose.
Sure, you may need to split the profits with them. You also may need to give up a little control. You may need to compromise. You may need to swallow your own ego a bit at times...
However, when like-minded individuals with complementary skill sets are Continue reading
Contrary to what many people may think, the single most important factor in house flipping success is not finding the right property...nor is it negotiating the sales price...nor is it containing your rehab costs, nor is it avoiding "the bad deals"...
Although those are all important, the most important factor to house flipping success by far is having the right house flipping mindset.
Although "The Secret" hits on many important aspects of house flipping success, it was not the first book of its kind to discuss the importance of mindset when achieving success. In actuality, "The Secret" borrowed most of its concepts from many other books, including the ones mentioned here.
One of the greatest books I have ever read on mindset and how to flip and grow rich at the same time is Think and Grow Rich by Napoleon Hill.
This book hugely influenced my house flipping career - so much that I still refer back to it on regular basis to review its basic concepts to reinforce to me exactly how to flip and grow rich.
In the first of what will be a series of "flip and grow rich” posts, today we will be reviewing the first step in this process and how it relates to the house flipping mindset - to set you on the path to ultimate house flipping success.
“Whatever the mind can conceive and believe...the mind can achieve”
It is amazing to think that anyone of us put on this earth can achieve incredible success and do amazing things just as long as we Continue reading
One of the movies we advocate our house flipping school students to watch is The Secret.
The movie got a bit too much exposure when it first came out, with the author Rhoda Byrne making the circuit on Oprah, Ellen, Montel, The Today Show...all advocating the power of “the law of attraction”.
It’s not exactly the kind of self-improvement author you’d think of when learning how to flip houses…
The truth is that the movie (and the subsequent best-selling book) is one of the best movies you can watch to inspire you to success when you first start flipping houses.
In the fairytale Aladdin and the Magic Lamp, a young boy comes across a magical lamp - out of which a genie appears before him.
The genie asks the boy “your wish is my command”.
Whatever the boy asks for, he gets from the genie.
Sound pretty good, right?
What most people in real estate investing don’t realize is that house flipping success works in the very same way…
When it comes to achieving success flipping houses, the first step is to “ask the genie”.
The first step is to ask, make a command to the universe – let the universe know what it is that you want.
Sit down and write it out on a piece of paper. Write it in the present tense.
Start it with “I am so happy and grateful now that…I make $100,000 per year in profit flipping houses.
You must be very clear on what you want and state it positively; otherwise “the genie” will not know what to bring you.
Likewise if you think and if you ask for bad things, he’ll bring that to you too.
When people do this, sometimes for the first time in their lives, they get very clear on what it is that they really want. If you don’t ask for success flipping houses, how will the universe know you actually want it?
Think of the universe as your personal catalog, and you are just placing an order.