In today’s video I give you 3 essential pointers that you must consider before doing your first Fix and Flip. These three tips will help you avoid pitfalls and ensure you can fully capitalize on the opportunity.
Three things you must pay close attention to when Flipping a House:
- Know the Numbers
What return are you trying to make on your investment? I like to be generous and shoot for a 15% – 18% ROI. Depending on what market you are in and what day and age you are doing the flip, 10% can be a generous number.
- Assemble a Strong Team
There are lots of moving parts in a Fix and Flip business, make sure you surround yourself with an excellent team that can help you deliver exception results on time! Time management is crucial!
- Take Title under Business
Run this like a real business and be smart. Protect your personal assets!
We have seen a 50% increase in Real Estate prices in the last 8 years. What other investment instrument have you seen do that? None! Real Estate is all the real wealth in the world. Be smart and invest in Real Estate to grow your wealth!
I hope this was helpful to you! If you have questions or would like more info, please reach out to us. We would love to help you!
Until next time…