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Real Estate Flipping Tips: The Steps Involved  


Article by Alex Nghiem









Real estate Flipping and investing has a lot of smaller steps including (this list is not exhaustive: it’s intended to give you an idea of what’s involved):• Raising capital• Marketing for buyerso Planting signs to generate buyer leadso Posting newspapers ads for buyer leadso Networking with other investors to get referralso Contacting banks or realtors (for REO properties)o Negotiating with banks (for REO and short sales)o Running comps• Marketing for sellerso Planting signs to generate seller leadso Posting newspapers ads for seller leadso Networking with other investors to get referralso Contacting realtors for buyers• Selling the propertyo Answering the phoneo Getting buyers informationo Pulling the credit of the buyerso Staging the house (optional but highly recommended)

You should realize that it is not practical for you to do all of these activities yourself. So, the natural question is: what should you be focusing on?

Anything that requires manual labor should be avoided. Manual tasks include such things as planting signs, any form of rehabbing and/or staging. Likewise, we delegate time consuming activities (bank negotiations, pulling their credit, and running comps) as well.

Even if an activity is income generating, you need to ask yourself: Should I be doing this activity or is this something that can be done more efficiently by somebody else?

Here’s a short saying that was shared by one of our mentors: The secret to getting rich is to write a smaller check so you can cash a bigger one. Remember, there is really no limit to how much money you can make flipping real estate, but your time is finite. Don’t spend it doing things that someone else could be doing – more efficiently. Spend your time wisely.



About the Author

Alex Nghiem is the co-founder of several Real Estate investment websites and is a well respected coach. His latest project is the just completed Wholesaling Manifesto – This FREE resource will help you get started in the Wholesaling Business. The eBook is Free! Learn More here: Wholesaling Manifesto











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