7 Figure Flipping HFHQ 52: The Fundamentals of House Flipping – House Flipping 101
It's easy to get caught up in the exciting sub-topics of house flipping — from seller financing to direct marketing to working with contractors. But today I want to get “back to basics” and talk about the fundamentals of House Flipping. These are the common elements of this business that everyone has to learn and understand to develop their skills, and today I'm sharing one of the first educational modules from my Fail Fast Flipping coaching program, so that you can really get a great grasp of these fundamental skills we all need to understand.
Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?
Show Notes
On this episode we discuss:
- What exactly is House Flipping?
- A 10,000 foot view of the real estate investing business
- Understanding the 4 pillars of house flipping
- Methods and means of buying properties
- Financing your flips for maximum profit
- What is involved in the rehab process
- The most important skill you need to develop as a house flipper
- The process of selling your properties
- Understanding buying criteria
- Dealing with both sellers and buyers
Tweetable Quotes
- “You have to find your motivation” – Justin Williams
- “Give yourself a realistic time frame” – Justin Williams
- “You need to act as if you will make it happen” – Justin Williams
- “Put in a lot of effort and take a lot of action to make it count” – Justin Williams
- “You want to be open minded but you should know what you are looking for” – Justin Williams
- “No Lead Left Behind” – Justin Williams
- “Think Less, Do More!” – Justin Williams
Transcript
Click here to Read and Download the Transcript for Episode 52
Links and Resources
Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals 
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Like what you hear?
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Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.
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