So You Want To Learn How to Flip a House? Well Here You Go, No More Excuses!
I know a lot of readers here on BiggerPockets are newbies, and many more have never done their first deal but really want to. What holds most people back is fear. Fear of failure, fear of success, or many other fears (insert yours here). One of my first articles was on overcoming your fears. At the end of the day the only thing that can help you to overcome your fears is one simple word….Action!
Ready, Fire, Aim
People will waste their entire lives sitting back waiting for the perfect moment to start. They make excuse after excuse and justify each of them in their minds. Let me let you in on a little secret…shhh, don’t tell anyone……THERE IS NO PERFECT TIME! If you want to invest in real estate, and if you want to do it by flipping houses, read on. Sometimes you have to pull the trigger even though you are not totally aimed! And guess what? It will be ok, you will figure it out as you go! That is what we have all done. I will make this as simple as it gets to get that first deal done.
My 12 Step Program
1 – Send out introduction letters to everyone you know or want to know regarding your plans
2 – Cheap Marketing
3 – Hang the Signs
4 – Field all Calls, using a questionnaire/script
5 – Figure out which one is a good deal by using the 70% Rule
6 – Get an offer accepted
7 – Get the Money
8 – Buy the house
9 – Renovate the house
10 – Sell the house
11 – Go to the bank to deposit your proceeds and/or learn the lessons
12 – Repeat
Okay, got it? I will give a …read more