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Updated over 7 years ago on . Most recent reply

User Stats

51
Posts
36
Votes
Mark Russell
  • Fredericksburg, TX
36
Votes |
51
Posts

learning systems and processes for a successful flip business

Mark Russell
  • Fredericksburg, TX
Posted

I am very green at flipping but I've learned enough about how to NOT run a business in the past to know that systems and processes can save me from a lot of unnecessary headaches. That said, how can I learn them? Or rather how can I learn them in reference to flipping? Are these heavily guarded secrets of the trade? Are there any good books or programs that focus solely on this that don't cost an arm and a leg?  I could blunder through this and make money the painful way but I would rather not lol. Thanks in advance my friends. 

Most Popular Reply

User Stats

392
Posts
109
Votes
David Michael
  • Developer
  • Closter, NJ
109
Votes |
392
Posts
David Michael
  • Developer
  • Closter, NJ
Replied

Hello Mark Russell !
Your best bet is to shadow a flipper for a time and then offer your services as a partner or stake partner.
The best way to learn is to engage. Be immersed in the business everyday and see how the operations work.
After shadowing I recommend if you don't have your Real Estate License, to get one. This way you have skin in the game and something to offer your mentor if you want to partner with him or anyone else. With a license you are also learning how to market, comp and search for homes.

  • David Michael
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