subject: Preparing Yourself To Flip And Fix Houses [print this page] Renowned artist Henry Hartman has said that success always comes when preparation meets opportunity. This is true even in real estate investing. Now that the economy is trying to recover from the recession, those who flip and fix houses are faced with a huge opportunity to make even bigger money. The only question is, are they prepared to seize the opportunity?
Because the economy has yet to fully recover from the beating it took from the recession, the prices of properties are still down. The affordability and availability of cheap properties is serving as the fuel of this business. Rehabbers are swimming against the current and are making money just as when a lot of people are still scratching their heads because theyve lost their jobs and dont know what to do. This form of short-term real estate investing is spawning millionaires across the country. Those successful investors, however, made it to the top not only because they were lucky but because they were also prepared.
You can still flip and fix houses today to become successful in life. All you need to do, obvious as it may sound, is prepare yourself today. The first preparation you need is moral conditioning. Just like in any venture, you must have the motivation to succeed. This will keep you going when the going gets tough. Do you really want a better life? Are you satisfied with your office job earning just enough money to get by? Or do you want a lifestyle where you can be your own boss, handle your own time, and ensure the future of your family?
If youre convinced that you and your family deserve a better life, next thing you should do is prepare your mind. In order to flip and fix houses effectively, your heart should be strong and your mind should be sharp. Getting a mentor, they say, is the easiest and fastest way to start in this business. A guru is someone who is not only knowledgeable with the subject but is also someone who wants to see his students succeed. If you find a mentor who has these qualities, hire him or her and invest in your education. Join local real estate clubs and you will surely find a mentor.
If hiring a mentor is out of your budget range, you can start by reading articles and books. Learn it by theory first. Try to understand how this business works and how you can make a fortune from it. You can also go online and search for information on the net. Go to REIwired.com to access free articles and videos about real estate investing. Prepare to flip and fix properties today.
by: Daniel Mc Grey
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