![]() As it’s not just about how much you make but also how much you keep. Accountant – A good accountant is mandatory for handling your taxes when flipping property.So you definitely want to start adding recommended and quality contractors to your network as soon as possible. Contractors and Sub Contractors – One of the most challenging aspects of flipping houses is often finding quality contractors and subcontractors to work on the house.As they often have an inside track on homes about to hit the market as well as off-market listings. Real Estate Agents – Real estate agents can be a great asset when selling your flips as well as a valuable resource for properties.So you definitely need to add real estate wholesalers to your network for additional sources of property. Wholesalers – There are investors in real estate that do nothing but look for good deals on property, so they can then flip the house to another investor at a wholesale price for a quick profit.Other real estate investors can be a great source of properties to flip, as it’s not uncommon for a real estate investor to wholesale a property to another investor. Other Real Estate Investors – While it might seem strange to include other real estate investors in your network, as they will often be your competition. ![]() People that Should Be in Every House Flippers Network So in order to be a successful house flipper you need to start working on your networking skills by developing and building out your house flipping network. ![]() Sources of Capital for House Flipsįor an in-depth look at some of the most popular ways to find money for a house flip, check out our article “ How to Get Money to Flip a House“.Įvery successful business involves people and networking and house flipping is no exception to this rule.Īs house flipping requires networking from the initial acquisition of the property all the way through the rehab and certainly during the sale of the property. So the first skill you need to master when getting into house flipping is learning where to find capital for your house flipping business. One of the most important skills every house flipper needs is the ability to find and raise capital for their flips.Īs capital or money is the lifeblood of any house flipping business because without capital your entire house flipping business would grind to a halt. To help you focus on the skills that really matter when flipping a house, in order to ensure that your first house flip is a successful one. So to make it easier when first getting started flipping houses, we compiled this list of the most important skills that every house flipper needs. When first getting started in house flipping, it can feel a bit like trying to drink from a fire hose, as there’s so much you need to learn. ![]()
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