I saw a comment on one of Dave Ramsey Show where a guy quoted him to be advising folks to make sure they have $100,000 in disposable cash in order to get into flipping houses and to be ready to lose all of it.
This is not true. It’s another half truth half lie.
A lot of regular people who have become very successful in the flipping houses were attracted at a very low financial stand point.
In fact, lots of people make a lot of money, go broke and build another business successfully from flipping houses.
In this context, cash is not king.
Your ability to bring problem solving value to the market is king.
Flipping houses is fundamentally about buying low and selling high.
But due to the fact that real estate are purchased with time lapsing negotiations, it leaves room for opportunity to secure good deals without tying cash down and flipping the equitable in the subject property to investors while making money within the spread.
NO CASH is needed for that process.
What you need is a desire to solve problems and a desire to build a strong business around problem solving.
The good news about all that is that there is zero risk involved in flipping houses as a wholesaler.
The main skill you should focus on is marketing.
You need to learn how to use marketing to attract motivated sellers. You also need to learn how to attract end buyers into a private subscriber base free membership.
With the even playground field available today on the internet, you can build a community that wants good deals and you can build a system that attracts motivated sellers into your funnel.
You can read more about that in my book “Empire Lifestyle Secrets”
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ABOUT YOUR HOST ::::|
Ola “Tux” Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
#myEmpirePRO #OLATuxAbitogun #FlippingHouses
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