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

• Fail Fast Flipping Program
• House Flipping Hq Mastermind Group

Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals 

Don't fear the failure!

Join our FREE webinar to learn tips on how to start with real estate, how I run my house flipping business and get the inside scoop on why failure is actually your best friend when it comes to house flipping!

Join us on, Thursday, August 21, 2014 at 6PM/9PM (Pacific/Eastern) and ask me any questions you might have about house flipping and real estate!

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Like what you hear?

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  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.

The post HFHQ 52: The Fundamentals of House Flipping – House Flipping 101 appeared first on House Flipping HQ.

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