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Flipping Houses and the Big Bonus TheoryMSN Careers published an article entitled "No Degree? No Problem. 10 High Paying Jobs" by Laura Morsch, a CareerBuilder writer. The second highest paying job listed was a Real Estate Broker. That's right! The glorified house flipper doesn't need a degree. The requirements of the job the article reported were to attend 60 to 90 hours of formal classroom training and 1 to 3 years of real estate sales experience to obtain your broker's license. That doesn't seem so hard does it? Flipping houses is by far not rocket science. With people doing it every day, don't think you can't do it yourself. Plus, as an investor, you don't even need the license. As an investor who follows the right approach, you can flip houses until you're ready to retire and you'll never need a license. They're just shiny, new things that real estate agents get just to show off some credentials. The thing is that being successful in real estate isn't hard when you're flipping property properly. You just need to learn and implement a handful of tactics that make your business one of the most popular.
You have a power team and we've discussed it before. Give everyone on your team a special bonus when they do an exceptional job and you'll make yourself a popular real estate investor…the person people want to work with when you call. Contractor Bonuses You can really get contractors on your good side by rewarding them for a job well done. It works really well, especially if you find yourself in a pinch. Flipping a house normally requires home improvement work of some sort. Contractors who have worked with you in the past will be more willing to work with you again if you've given them bonuses for bringing the job in on time and budget. They'll do a great job and you'll be their priority. Lender Gifts Lenders have a bit of leeway when it comes to approving loans and working out details. You should gift a lender the first time they approve a loan for you. The next time, they'll be sure to remember you and they'll want to give you even better terms. Gift Private Partners You are probably going to need a private partner to back you up when you're aiming to make great real estate deals. When they lend you money, make sure you repay before them before the promissory note. Plus, make sure to add some kind of gift just to say how much you appreciate their support. And you really do if you think about it! Without their money, you would not be able to even flip a house, let alone be in the business of flipping houses. Contractors, lenders and private partners should probably be at the top of the list of people to give a little kickback. But, it doesn't hurt to spread the wealth through everyone you work with to make a great deal. Flipping houses is rather easy when you have the right people on your power team, and focused on the right strategy for your marketplace. Reward them! Start applying these principles today and begin flipping real estate for FREE by starting your 7 Day Trial at INSTANTRealEstateSolutions.com! Brad Wozny |
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