I have been getting a lot of emails and calls from people asking for the best way to start when learning how to flip houses. There is so much information out there and it is hard to determine where to begin. How do you get into this game? I’ve given it a lot of thought and decided to post what I think are the top 5 things to do to get started and to succeed at flipping houses.http://www.flippingjunkie.com/

1. Top 5 Things To Do
When Getting Started
Flipping Houses

2. I have been getting a lot of emails and
calls from people asking for the best way
to start when learning how to flip
houses. There is so much information
out there and it is hard to determine
where to begin.
How do you get into this game? I‟ve
given it a lot of thought and decided to
post what I think are the top 5 things to
do to get started and to succeed at
flipping houses.

3. 1.Develop the Right Mindset It is
very, very, very important to develop a
positive attitude and align yourself with
success. You have to be prepared to
receive the opportunities that will come
to you. Some people have deals coming
their way left and right but just are not
seeing them because they are not
prepared to deal with them. They let
fear takeover and they are so frozen that
they just cannot act.

4. Your level of desire has to be higher than
your level of fear. You will be
afraid. Fear will keep you from making
some big mistakes, but don‟t let it stop
you from ever doing anything.
You have to be willing to get out of your
comfort zone. After a while you will look
back and wonder what you were so
afraid of.

5. 2.Get Educated How are you going to
be prepared to receive the deals that
come your way, if you do not know how
to analyze them? How are you even
going to find the deals that are out
there?
There are deals everywhere, how are you
going to uncover them? You can learn a
lot from the awesome online forums
available at BiggerPockets.com and
FlippingHomes.com.

6. These are great places to learn anything
and everything related to real estate. It
really helps to make it a point to visit
often and just read over what is being
discussed to get a good idea of how
investing works and some of the issues
people are having.
 It‟s definitely a good way to learn from
other peoples mistakes as well.

7. I also highly recommend getting a home
study course on wholesaling/rehabbing.
Some people steer people away from
doing this as a lot of these courses cost a
small fortune and they say that
everything in the courses can be learned
on the forums.
 That may be true, but there is so much
information it‟s hard to digest it all and
put things in the right order. It‟s easy to
get side tracked and overwhelmed.

8. A good course can show you the ropes
and show you step by step how to flip
houses. Good investment courses can be
bought for under $200 on Ebay.
Go through the course several times and
visit the forums to fill in the gaps and
clear up anything that might be
confusing.

9. 3.Start Doing You will never be
completely prepared for every single
„what-if‟ your mind can conjure up. Do
not let your fear keep you from taking
action.
People become real estate investing
course addicts and buy $50,000+ worth
of courses because they feel like they
don‟t have all the information they need
to cover every possible situation. Don‟t
get caught in that trap.

10. Take action. Start marketing even
though you may feel that you are not
prepared completely for taking the calls.
Start taking calls and learning from
them.
You really do retain more when you are
actually doing than you do from just
studying. Even if the first calls don‟t
sound like deals, go and visit the seller
and ask questions about the house.

11. You will be a little less nervous if you go
into it not worried about whether you will
buy the house or not.
This is the best way to gain experience.
You will learn very quickly what
questions you will need to be able to
answer. Be persistent and take action.

12. 4.Find A Mentor
Nobody cares until you start caring. You
have to show that you are different than
the 95% or greater of other new
investors that never make it. This is why
I put „Start Doing‟ before finding a
mentor. Having studied a course and the
online forums and actually done some
marketing, taken some calls and visited
with some sellers will make you stand
out.

13. The people that are experienced enough
to be a mentor will stop and listen to you
and give you the time of day. You‟ve
already shown that you have a burning
desire and will do what it takes to be
successful at flipping houses.
You will have intelligent questions to ask
them by this point.

14. You can find a mentor by networking
with other investors in your area and at
your local Real Estate Investor
Association meetings. Ask around.
Chances are you will need to do a lot of
leg work and busy work for your mentor
in the beginning.
You really have to be willing to give in
order to receive. Don‟t expect everyone
to stop what they are doing and be
excited about helping you for nothing.
It‟s not going to happen.

15. Really work at finding a mentor. Don‟t
give up easily. Maybe it will take a couple
wholesale deals before someone will
finally give in and work with you. So be
it. Are you willing to put forth the effort?
I know it was worth it for me to give up
50% of all profit for the deals we did with
my mentor in the beginning (He put up
all of the money and we did all of the leg
work. This is an excellent way to start
with no money of your own, so don‟t let
that be an excuse.).

16. Honestly, I don‟t think we would be
where we are today if it weren‟t for him.
I‟ve heard many others say that most of
the really successful investors have had a
mentor.
That‟s probably true for any business.

17. 5.Don’t Give Up
Build momentum by continuously and
persistently taking action. Set small goals
for yourself each Monday and try to
accomplish them by the end of the week.
Put in the extra time at night and on the
weekends. It will get easier. Most
investors will tell you that the first deal is
the hardest to find and it becomes
exponentially easier from there on.

18. Stay focused on the type of investing you
choose to do and don‟t get wrapped up in
trying to learn every single niche.
Become an expert in the one you choose
and then slowly add the others. Have
faith and believe that you will achieve
success. As Henry Ford said, “Whether
you think you can or you think you
can‟t, either way you are right.”
http://www.flippingjunkie.com