success path's 10 secrets of successful house flippers

10 Secrets of Successful

House Flippers

1.The

neighborhood is important

1 - the neighborhood is important

Even if you find the deal of the century, if the neighborhood is not appealing, most people will not want to live there. Christina says, “Find neighborhoods that are growing!”

2.It’s not your House

2 - It’s not your houseDon’t get attached to the house you buy. You have to remember that it’s not your house, so don’t make the designs too personal. If they are too personal, then it won’t sell.

3.A trashed house isn’t a

lost cause

3 - A trashed house isn’t a lost causeWhen you see a house that has a lot of rehab work, don’t freak out. It usually means that you can get a great price for it. Christina says, “If you know what you can do yourself and have a good relationship with a general contractor, your biggest rehabs could get you your biggest profits.”

4.

Networking Matters

4 - Networking MattersYou need to put in the time to know the right people. You need to line up a good contractor and other professionals who know the hidden opportunities!

5.

Avoid Fads

5 - Avoid FadsSometimes you can get carried away with fads when rehabbing a house. Don’t do it! Christina says to go with classics that will stand the test of time, like stainless steel and accent tiles.

6.

Stage The House

6 - Stage The House“When I look back at houses we’ve had staged and the houses we’ve shown without staging, the difference is incredible. Professional stagers know how to put in just the right furniture and decor to make buyers really see themselves living there. Staging is almost always worth the price.” - Christina El Moussa

7.

Market To Your Buyers

7 - Market To Your BuyerPut up signs and flyers. Post on your social media about upcoming open houses. Make sure that you get your house known. Marketing will get you more leads, more deals and more sales.

8.

Educate Your Buyers

8 - Educate Your BuyersYou put in the work so make sure the buyer knows it. Tell them everything you’ve replaced, every appliance you’ve added and everything else. Be sure the buyers are aware of every single update.

9.

Kitchens & Bathrooms Make Or Break It

9 - Kitchens & Bathrooms Make Or Break It

Buyers always look at the kitchens and bathrooms when they are looking to buy. Tarek & Christina advise flippers to spend most of their budgets there before anywhere else.

10.

Don’t Celebrate Too Soon

10 - Don’t Celebrate Too Soon

If you get an offer, it’s not over. People can back out or banks can reject loans. Don’t start celebrating until you have the money in hand!

A Little Education Goes A Long Way

If you’re new to real estate investing, you can learn the ropes from Tarek & Christina’s tried and true tactics.

Register for a free real estate investing workshop at Success Path Education!