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Updated over 5 years ago on . Most recent reply
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Someone that can help walk me through starting in flipping houses
Hello, currently living in Houston area and would like to start PT work in real estate flipping a house. There are tons of training but can't seem to find step by step guides. What is it you 1st, 2nd, 3rd and so on.
Thanks
Most Popular Reply
Find a few investors in your area, and reach out
Do whatever you can to add value to their real estate investing goals
Don't give anyone your money, leverage a different asset (like time)
Be persistent
Say yes to every opportunity, and build your tool belt (acquire things that help make you more valuable, real estate license, contractor license or something like this)
Treat your experiences like a school.. because it is, document what you see/ learn, take notes, journal, revisit what you document, think about the process, analyze houses.. try to organize in a g-sheet or excel the investors criteria they use, identify how they invest, what metrics they track if any, what is their average purchase price, average profit, average rehab budget, average difference between estimated rehab budget and actual rehab budget, average difference between estimated ARV and actual ARV
Continue tracking this information, combining books and podcast with this.
Sleep well
Eat well
Exercise consistently, especially exercise before or after reading or learning, and listen to a podcast while doing cardio so you retain the info
Start refining your tool belt, and sharpening only a couple tools that contribute toward your goal
Start saying No to distractions or things that take away from your goal
Work consistently over a long period
Work your a$$ off...
Good luck, keep working hard!