In the past several years, flipping houses has become increasingly popular. Many people are transitioning to make a career out of turning run-down properties into amazing homes. If you’re one such person and you want to know everything there is to know about house flipping, Rehabs 2 Riches has the answers you need! Our founder, Alton Jones, has more than 14 years of experience flipping homes and he is more than willing to share his knowledge with you! If you want to know all the tips and tricks of house flipping, then look no further than Rehabs 2 Riches. Check out the seminars we offer or buy one of our books online!
As we mentioned, house flipping is becoming a popular career choice, and as such, there is a lot of information available on how to start. If you want your business to be successful, the first thing you need to do is separate the true information from the false. In today’s post, we will take a look at some of the most common myths about flipping houses. Once you’ve finished reading, if you’re looking for more information from someone who has been in the business for more than 14 years, contact Rehabs 2 Riches!
Myth #1: You have to be good at construction
While some projects may require you to have a certain set of skills, flipping houses is not one of them. If you do happen to have a background in construction, it will certainly help with your career, but knowing how to build a house is by no means a necessity.
If you plan on making a career out of flipping houses, you will soon learn that it is easier to outsource for jobs that require a specific set of skills. For example, hiring a team of contractors may seem like more money up front than doing it yourself. But, when you look at the time frame, a team of contractors will probably complete the job in far less time than it would take you to do it alone, saving you more money on property taxes, insurance, and maintenance.
Myth #2: You have to have money to flip houses
This myth makes sense, after all, nothing in life is free. However, when it comes to flipping houses, there are easy ways to not spend a dime of your own money. Many people are under the impression that they have to be rich in order to be successful flipping houses. While you may spend a little of your own money every now and then when working on a project, the truth of the matter is that between private lenders, wholesaling, and more, spending your own money is rare.
Alton Jones, the founder of Rehabs 2 Riches, has years of experience flipping houses. As part of his program, he will give you all the information you need on how to flip homes without using your own money. If you are interested in learning more about the business, be sure to visit Rehabs 2 Riches today!
Myth #3: The Perfect Houses for Flipping Exist
As someone who flips houses for a living, you’re going to run into a lot of houses that require more work than the initial walk-through may have indicated. When you’re searching for a house to flip, you’ll most likely look for a home in a good neighborhood with a strong foundation, a good roof, and a functional cooling and heating system. However, finding all of those elements in one home will be almost impossible. Because you are always on the lookout for houses that are in need of repairs, it’s best to accept that you won’t come across a house with all of the best qualities for a seamless flip.
Myth #4: You Can Get Rich Quick By Flipping Houses
While flipping houses is a great way to start a new career and make a profit, it takes some work. As with most careers, you need to put in a lot of hard work in order to see a return. Over time, you will increase your experience and be more willing to take a leap on a riskier house. It’s important to take your time and not expect too much out of your first few months flipping houses.
Once you’re ready to start your career flipping houses, Alton Jones and Rehabs 2 Riches are here to help! Through our program, you will not only learn how to become successful in your career of flipping homes, but you will also learn the tips, tricks, and how to avoid common mistakes. Join our program today!