The single most important factor in house flipping success is not what you probably think it would be.
It’s not finding the right property…nor is it negotiating the sales price…nor is it controlling your renovation costs, nor is it avoiding the really bad deals…
Although all of those are important, none are the most important.
Far and away, the most important factor to house flipping success is the right mindset. Or as I like to refer to it, “the house flipping mindset”.
The House Flipping Mindset “Secret”
We talked about “house flipping secrets” last week…but this is not about any of that.
This is THE Secret – the movie from a few years back that was a huge sensation around the world which popularized “the law of attraction” and other concepts about the power of the mind. Thanks to this movie, millions of people became aware of this power, introducing them for the first time many of these concepts which have been around for some time.
Although the movie hits on many important aspects of success – and does work quite well in assisting any would be house flipper to achieve unprecedented success – it was not the first book of its kind to discuss the importance of mindset when achieving success.
“The Secret” borrowed most of its content from many philosophers and self-help books, including Wallace Wattles “The Science of Getting Rich” and my personal favorite, “Think and Grow Rich” by Napoleon Hill.
This one book hugely influenced my career and its one I refer back to often – especially at the beginning of a New Year to reinforce the house flipping mindset and to remind me exactly how to flip and grow rich.
The basic idea is that ..