Five Keys to Real Estate Flipping Success

Make your fortune in real estate. It is not that hard once you get the hang of it. Real estate flipping can be an extremely high paying career, but I see way too many people give up on it. The turnover in this industry is exceptionally high. I noticed the high turnover early on and have watched to learn why some people kill it while others disappear. This has been important to monitor to help myself and my clients last in this amazing business.

I have been in the real estate field for the last 16 years and my hard money lending company finances around 150 deals a year. Here is what that experience has taught me about being a successful fix and flipper.

Mindset: This is where it all starts. For the last 3 years, I have felt myself fall into a little lull and have realized that this occurred because of my mindset. Your mindset could be a lot of things, but the basic concept is that what you believe will happen… does. Sometimes just convincing your mind that you will hit a goal takes work. Not to mention the work that it takes to actually hit that goal.

Focusing your mind on positivity is a great start, but you really need to believe you deserve the success you desire. Meditation and affirmations are fantastic ways to accomplish this.

Hustle: Nothing is going to be given to you. When I was going through my struggles to hit some financial goals, I had to keep reminding myself of this. Times can get hard and things can feel unfair, but the reality is, no matter how much you don’t want to believe it, you are the only one responsible for your success. I would tell myself this over and over. “If I want it, I need to earn it” I had to get up in the morning. I had to deal with the problem on my plate. I had to stay up late or work on the weekend. I had to put in the work to get the results. Because I decided to be successful, I decided to work hard.

Network: As we have learned. It is not what you know, it is who you know. I constantly try to team up with people smarter than me, that can both help me learn and help me get results. This has resulted in millions in profits. I also feel very lucky to have a network that can solve just about any problem I run into. If I am rehabbing a house and run into a problem, I have a list of people I can call for help. If they don’t know how to help they will know someone who does. I lean on my attorneys, my CPA, partners, wholesalers, and other professionals on a regular basis.

Education: To make my top five list you know I believe this is important in your success. Constant improvement is essential and the exciting thing about this, especially early in your career, is that growth is exponential. As you learn and implement ideas into your business, your business grows at a faster and faster pace. Obviously, for this to work you will need to learn AND implement. Many people learn all about investing and never invest. That comes down to the investor mindset. That’s why, I believe, you need all five of these essential keys to be a great fix and flipper. The good thing is this is possible for everyone, including you.

Get Light and Colorfully Dressed for the Summer

Did you realize that food, clothes and shelter, the basic requisites of humans, are decided by the regional climate and culture, customs and beliefs? Now that the torpid heat of summer is fast descending, it is time to rethink the wardrobe and bring out the flimsy clothing. Though you wish you could, you cannot really wear tees and shorts for every occasion! Some formalities need to be observed, no matter what the weather.

Goodbye to the darker shades

In keeping with the riot of colorful flowers blooming everywhere, light and bright colors are in. Are men and boys going to wear those delicate shades of yellow and green, blue and orange? Yes, and why not? You certainly will not wear the darker shades and certainly not black. That might turn out to be dangerous with excessive heat and active, busy lifestyles out in them could result in a stroke. Don’t forget to keep sufficiently hydrated with a variety of liquids.

Put away those heavy costumes and boots

It is time for the dry-cleaned woolens to rest before they are back in action later after you have perspired for months. While you sweat it out now and take to ACs and coolers, it is a relief to get away from those heavy suits, the footwear, and the warm underclothing. While those late night parties in the cold were enjoyable, it is a different carefree attitude now. Let go for the moment and forget those stories of the homeless freezing to death on snowy nights after sleeping on the pavement.

Cotton and silks will do the trick

Whether shirts or trousers, kurta sets with waistcoats, casual or formal wear, cotton will see you through the summer. If you didn’t try it before, give it a splash of color like the spectrum that comes from the light. Office wear may be more subdued with grays and browns, though traditions are changing. Plain shades or printed designs are very much in vogue and elevate feelings, bringing pep and zing to the productivity.

Silks can attain an ocean of fantasy and strike the right note in cementing relationships or making a fashion statement. Were you thinking of the ornate parties on official occasions where you meet up with some very privileged guests? Don’t forget to put on your best manners and speak the right things.
Working out

Those sessions at the gym may require a change of attire. Tees and shorts should be good enough, but make sure that you possess several sets if gyms happen every day. The diehards will do it one way or the other.

An accessory range

Don’t forget the caps to keep the fiery sun at bay while footwear often speaks the right notes. Light shoes perhaps of the sandal type will let the feet breathe. Make sure that the bag you carry to the office or the club is suitably light. Keep enough copies of the underclothing to facilitate a daily change. Perfumes and roll-ons also need be those airy types that speak the language of the winds and the sails. Fly through the weeks and months one day at a time like you never did before, with all the light colors of the rainbow on board. Never make it a dull day.