Website design By BotEap.comSo you want to learn how to flip a house

Website design By BotEap.comMany aspiring real estate entrepreneurs are infatuated with the idea of ​​selling homes for big profits. After all, who hasn’t seen one of those cable TV shows like “Flip This House” where guys cash checks for $50,000 or more just for painting and carpeting? They make it look so easy, don’t they?

Website design By BotEap.comThe truth of the matter is that being a professional real estate investor is serious business. It’s not some kind of house moving game. The principals involved in each transaction and the dollar amounts, not to mention the legal issues and livelihoods involved, require integrity, diligence, and in-depth knowledge of the industry.

Website design By BotEap.comEvery year many people have stars in their eyes and imagine learning how to flip a house like the guys on TV, racking up those big checks. The problem is that they do it without a real roadmap, without a plan of how to get from A to Z. The potential problems, of course, with this path are plentiful. You could:

1. Spending a lot of money in the wrong places with nothing to show for it.
2. Waste your time on inefficient tasks
3. Being involved in illegal activities without even knowing it
4. Get consumed by the very business you are trying to build, spending more time on it than on your old job.
5. Get frustrated and impatient, giving up on your dream.

Website design By BotEap.com Michael Gerber of the landmark book “E-Myth” says that most small business owners spend too much time IN their business rather than IN their business, a key reason for early business failure. Understanding this key concept is crucial for someone building a business and lifestyle rather than creating another job for themselves.

Website design By BotEap.comSo what’s a budding entrepreneur to do? The answer lies in those same guys you see on TV. You see, most of them have a roadmap to success. In fact, the most successful business owners in any industry have been taken under the wing as the protectors of a mentor, a mentor who had their best interests in mind. A mentor who had already discovered the business by doing it themselves.

Website design By BotEap.comAnd therein lies the fundamental keys to real estate success: having a plan and the guidance to follow it. Advantages of the ‘plan approach’ over the ‘shotgun approach’ include:

1. Earn higher profits on every deal
2. Spend your money and time efficiently on the right activities
3. Be informed about relevant legal and regulatory issues.
4. Get paid sooner than if you had spent time learning for yourself
5. Discovering your true inner entrepreneur!
6. working on your business

Website design By BotEap.com There are many programs out there to help you get started or teach you the whole business. Maybe you’ve seen some on the late-night infomercials or been pushed by an MLM real estate company. Unfortunately, some programs are taught by those who simply teach, not “do”.

Website design By BotEap.comhow to flip a house

Website design By BotEap.comHowever the FortuneBuilders Domain The real estate training program run by Than Merrill and his partners was recently ranked #1 in business education among all industries by Inc. magazine. In fact, Than’s company is actually one of the teams in the real estate program. television “Flip This House”. You don’t go into that program without knowing your business inside out. he Mastery program is designed to replicate his ‘systems approach’ for new investors in other markets, earning higher returns in less time, without reinventing the wheel.

Website design By BotEap.comThe domain may or may not be right for you. It is demanding, thorough and sometimes overwhelming. However, the real entrepreneurs reading this will jump at the chance to at least apply. Are you??

Website design By BotEap.comRegardless of the training program you choose, if you choose one, you’ll need to learn the right way to flip a home, from finding motivated sellers to selling wholesale to cash buyers to using private equity to finance your own purchases. Make sure your program is detailed by those working in the trenches with a knowledge plan they can deliver. Tutoring is incredible value, just make sure it’s tutoring that provides the plan you’re looking for.