o one sitting on the And without actively promoting
outside looking in, it and marketing your business, then
seems flipping houses for a you're going to never get
living is nothing more than an involved. You're gonna be left
illusion. Nothing more than a sittin' on the sidelines while
television show giving you before the people around you are
and after photos of properties profiting from red hot, smoking
that have been renovated. deals every month.
However, for some, the dream to 2. Converting the leads. After
flip houses full time has become you've mastered the art of
a real life scenario. And to generating leads, it's time to
these few, they understand that convert the leads into actual
there's more to flipping homes deals. First you pre-qualify your
than just fixing up the property seller to make sure they're
to resell. For those that are motivated, and then you've got to
successful, there are three steps listen to your seller's needs to
to making the business work for make an appropriate offer that
you. makes financial sense to you, but
also that's a win for the
1. Finding the leads. Be sure not homeowner. Be sure to collect as
to confuse leads with deals. much information as possible by
Constantly promote your business phone. This will save you hours
to get more leads into your upon hours of dealing with people
funnel. This is where it all that aren't motivated sellers.
starts for real estate investors
that want to flip their way to 3. Master the exit strategy.
wealth. This involves marketing Finally, you're ready to sell the
and constantly being on the deal to turn a profit. Although
lookout for potential properties. this is the final step; you
should have a plan before ever Your success largely depends on
making the offer to your seller. how quick you move the property.
Even though this is the final Therefore, work to build solid
step, this should be what you relationships with real estate
think of before ever presenting buyers in your area because these
the offer. Here are some options will be reoccurring buyers of
to consider as your exit your properties. Now, remember,
strategy: you've got to negotiate a good
enough deal so that you can leave
a. Do you plan to flip the some money on the table for the
property fast to another investor investor buying it from you.
that will buy the property to fix Investors have different
up, then resell to a homeowner? criteria, so it's best to find
out what they're looking for in
b. Do you plan to flip the deal advance when attempting to flip a
to a landlord/ investor that buys property. For example, you don't
property for the long term? want to show a higher priced home
when the investor only buys lower
c. Do you have and established incomer properties. Master these
relationship with any other three areas to every property you
investors that would be want to flip and watch your
interested in the deal? income soar.
About the Author:
Derek Pierce is a full time real estate investor and business owner, who, now reveals how he went from corporate slave to Real Estate Success with his Free E- Coaching Program. To sign up for the Free Program, go to http://www.thereisecrets.com
Read more articles by:
Derek Pierce
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