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Updated about 5 years ago on . Most recent reply

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21
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Jeffery Kuhl
  • Real Estate Investor
  • Fayetteville, NC
3
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21
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Useful skills for flipping

Jeffery Kuhl
  • Real Estate Investor
  • Fayetteville, NC
Posted

I want to get more into flipping houses. I have a decent understanding of the money side. What I lack is Handy skills

Where should I start when developing my Handy skills that would best enhance my flipping abilities?

Most Popular Reply

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,196
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Handyman skills are much less important than the business skills.  You can (and should) hire people to do the actual contractor work -- you should focus on learning:

-  Deal analysis

-  Cash flow management

-  Financing

-  Hiring

-  Managing

-  Bookkeeping

-  Acquisition Marketing

-  Contracts/Agreements

-  Creating/Documenting Processes

If you focus on these things -- and hire really smart and competent people to focus on the rehab work -- you'll find that your business runs a lot more smoothly than if you're just focused on the rehabbing.

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