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Updated about 5 years ago on . Most recent reply
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Useful skills for flipping
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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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.