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5 Tips for Staying Focused in House Flipping.

7/15/2020

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Do you know that staying focused in your business can result in tremendous results?
Focus has proved to be the main reason people excel in their endeavors. Students who focus on their studies ultimately perform better than those who don’t. In the same way, focus in real estate investing is both important and necessary. It makes you more productive and quicker in achieving your goals. 

1.  Avoid Wasting Time With Buyers
When you finally start out and market your business, you are likely to get many calls. While this may seem to be a great thing, relax. Wisdom requires you to understand the kind of calls you get. Majority of the calls are likely to be from buyers.  Purpose to focus on sellers more. Negotiate with them and if all goes well, close the deal. Buyers are simply your competitors. You all want to buy houses. There is logically no point in spending plenty of time on fellow buyers. Don’t let them distract you. You may not make progress. In fact you will end up with nothing.

2. Stay Within Your Budget
This is a business like any other. At the end of the day you want to generate income and create wealth. Staying on your intended budget, or better still under it, is one way of maintaining your focus. Marketing, closing, fixing roofs or the bathroom could bring additional costs. Let your budget take care of all unexpected costs. Adjust it to meet every need.  Work from home to minimize costs. After all, you want to eventually make money rather than waste it.

3. “Walk Away” if Need Be
Not all deals end up well. Low cost is not always an indicator of a great deal. Some buyers and sellers may make it difficult for you to close. They may come up with their own terms and conditions. Others may want you to do everything their way. You will waste a lot of time with such clients. The best way to handle them is to walk away from them. When they realize that they require your services, they most definitely will contact you.

4. Keep Networking
The longer your pipeline is, the more deals you are likely to close. It is therefore important that you keep networking and prospecting. Having a long list of prospects does not always lead to closure. You also don’t want to strike a single deal in the entire year. Therefore, maintain the focus and keep networking. The results will be enormous.

5. Right Pricing
Cheers for coming this far. You have worked quite hard. Researching, coaching, buying the property and renovating it is all done. You now want the profit you have been waiting for. How do you price the property to realize this? Focus calls for a consideration of the amount spent in buying and renovating the property. Under-pricing it means that you lose profit. Overpricing means that you may take forever to sell the property. This can quickly kick you out of business. You can also seek the services of an independent valuer to help you establish the right market value.

Bottom Line
The importance of being focused cannot be overemphasized. Success in real estate investing in particular requires determined focus. Avoid wasting time with buyers and stay within your budget. Keep networking, ‘walk away’ if need be and price the property right. These tips will help you stay focused and succeed in income generation and wealth creation. So, why don’t you click, watch, like, share and subscribe to https://www.youtube.com/watch?v=HvOliH4Zg58

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House Flipping: 4 Best Ways to Succeed

7/12/2020

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Your economic security does not lie in your job; it lies in your own power to produce- to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; its having the power to produce wealth.” - Stephen Covey

Times are uncertain. No one has ever known what the future holds. At this time for instance, no one knew that the entire world would be at a standstill. Lock-downs, quarantine, self-isolation, social distance, wearing masks and sanitizing is the new normal. Many people have lost their jobs and the effects are immense. Starting a business, whether in employment or not, is one way of surviving.  Real estate investing  can make you financially free.

1. Knowledge and Skills
People perish for lack of knowledge. You cannot start something without an idea of what it’s all about. To succeed in house flipping, you definitely need to acquire the necessary knowledge and skills. Purpose to read everyday. Find an expert for mentor-ship and coaching. You don’t want to start without an idea of the best locations, prices, property or how to market yourself. Have an open mind. Equip yourself with as much knowledge and skills as possible. 

2. Take Action
“The path to success is to take massive, determined actions.” - Toby Robbins.
​

A journey of a thousand miles begins with a single step. For you to succeed in house flipping, you need to put your knowledge and skills into action. This is because you cannot finish what you have not started. The knowledge you obtained will be useless if you don’t take action. Baby steps will take you far, as long as you begin. Find the necessary resources and take action today. You may never know if you made the right choice if you don’t take action. Work from home if you want, but always be consistent with your efforts. You will ultimately succeed in generating income.

3. Keep a diary or journal
It is important to keep a diary or journal. Use your diary to record and track everything that happens. Include your challenges and achievements. This is mentally healthy. It will help you to reflect, plan for the future and be consistent. It will also help to gauge yourself and make the necessary improvements. Lack of it could easily make you revert and thus give up.

4. Set Daily Goals
Goals help you stay on top of yourself. They help you stay focused and sustain momentum. You feel satisfied and motivated after achieving your set objectives. To stay on track, remember to set smart goals. These are goals that are specific, measurable, attainable, realistic and time bound. Avoid the temptation to procrastinate. At the end of the day, evaluate yourself. Did you achieve all your goals? What was not achieved? Why was it not achieved? Did you actually give it your best? What can you do to improve? 

Final Thoughts.
Wealth creation requires a calculated move. Regardless of the niche, every business calls for hard-work. To succeed in house flipping therefore, equip yourself with the right knowledge and skills. Implement what you learn. Track your progress by keeping a diary or a journal. Remember to set smart daily goals and work on them. Click https://youtu.be/vlPVdjuEWKc and thank me later. Who knows, you may be the next expert offering mentor-ship and coaching!
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