Can you make money flipping houses? The answer to that popular question is a resounding YES! Of course you can make buckets of money in real estate investing. 80% of all millionaires made their first million in real estate. Wouldn’t you love to know how? Well you’ve come to the right place. I’m amazed at how often I hear someone ask “can you make money flipping houses!” If you couldn’t make money investing in flips, then there wouldn’t be billions of dollars in real estate transactions every year. And to be frank, it really isn’t all that difficult to make a living investing in real estate! Most of the investors I know make a fruitful living investing in flips and rehabs. Every time I’m asked “can you make money flipping houses,” it always causes me to step back and think, “well, if you’re asking me such a silly question, maybe you aren’t the type of person that would actually be successful in real estate!” That may sound a bit crass, but it’s likely true. If I can be successful in real estate, then so can you. It just takes hard work, dedication, and maybe a little dose of luck from time to time. You can make money flipping houses by learning from one of the best in the business. I have countless strategies, tips, and techniques that helped me make my first million by the age of 25. Many of those proven strategies, tips, and techniques are available for free on my website, http://andrewcordle.com. On my website, one can learn to make money flipping houses. My team and I have spent countless hours putting together one of the most comprehensive educational libraries available on the internet. And our extensive educational library is available to you right now, for free! For more information and free real estate investing education, visit http://andrewcordle.com ...
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One of the fastest ways to build a fortune in real estate is by flipping houses and once you start, the sky’s the limit! So what are you waiting for? Start flipping houses today! Now that you know your strategy, the next step is to decide your tactic. Let’s go back to our trip to the Grand Canyon. Once we decide where we are and where we want to go (strategy), we have to figure out how we are going to get there. Are we going to drive a car? Take a train? Go on foot? My tactic is my vehicle. Decide which vehicle you want to use to reach your destination: stocks? Small business? Business franchise? Real estate? If you’re like me, you pressed the real estate button. Now within real estate, you need to choose. Will your vehicle be multi-family? Lease option? Short sale? Buy, fix, and sell? That list goes on and on. Pick just one of those and say, “This is the tactic inside of real estate that I will use to get from point A to point B.” Don’t run around from tactic to tactic, trying every new shiny object you see. That’s what will set you apart from those people we talked about at the beginning who don’t know where they’re going or how they’re going to get there. You have to know – financially, this is where I’m at in life; over there – wherever that is for you – that’s where I want to end up. I’m going to use this tactic within real estate as my vehicle to get me where I want to go. Real estate will not be my life. Real estate will not be who, in my case, Andrew Cordle is. Andrew Cordle is not real estate and real estate is not Andrew Cordle. But Andrew Cordle used real estate as a vehicle to take him from – if you’ve heard my story – living in his parents’ basement to being a successful investor, financially free. I used real estate as my vehicle. Know your strategy first. Then stick with your tactic. ...
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One of the fastest ways to build a fortune in real estate is by flipping houses and once you start, the sky’s the limit! So what are you waiting for? Start flipping houses today! People ask me as we travel non-stop, teaching across the nation, “What is the one thing that separates the successful investor from the struggling investor?” To me, one of the three main points is the one we’ll talk about now – strategy versus tactic. What I mean by that is, you have to understand your strategy before you start your tactic. That’s the number one rule of successful investing. In the world we live in so many entrepreneurs see a tv show, or read an article, or whatever it is, and they get this “itch” to go try their hand in real estate. They’ll go to some seminar and they learn a certain tactic within real estate. It could be buy, fix, and sell, or lease options, or short sales, or multi-family. They hear about this tactic and get all excited about it; then they run out and try to be successful in real estate with a tactic. They come across hard times, problems, something that goes wrong and they get out of real estate. Afterwards they just go back to whatever it was that they were previously doing. The struggling entrepreneur or the person who gets in and out of real estate does so because they don’t understand what they are trying to accomplish with real estate. They don’t understand their strategy. Let’s say we are going to take a trip to the Grand Canyon. We’ll type into Mapquest, “I want to go to the Grand Canyon.” Then we press the “get directions from here” button. Mapquest then plots our route from where we stand to the Grand Canyon. That route, which is our strategy, requires a starting and an ending point. You have to understand your strategy first. Where are you at financially? Where do you want to be financially? In this blog, where you want to be is a monthly cash flow number. That’s what you’re striving for. My very first strategy, or destination, in real estate was to make enough money in real estate cash flow from rental properties to pay all my bills each month. At that time, I needed $4,500 per month. Once I reached that $4,500 mark, I had reached my destination. However, accomplishing my goal was much easier than I had thought it would be. Now I want $10,000 per month. Once I reached that destination it was, “How about $15,000 per month?” Strategy will change and grow as we reach our destinations. Focus on your strategy first, which is knowing where you are and where you want to be. That’s the path that you are going to go down....
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“Tomorrow is the first blank page of a 365-page book. Write a good one”. ― Brad Paisley I can recall when my wife and I first moved into our dream home. It was a modest house with a lot of potential and sat on a large one-acre wooded lot. It had plenty of personality and charm; so much so that our neighbors often referred to it as “The 3-Bears Cottage!” We eventually decided on an inexpensive remodel in the main bathroom…..”inexpensive” being the key word! We figured a new coat of paint, some “border,” and a new faucet-set would suffice. At this point, our story picks up a familiar theme. Work commenced as I peeled off the old wallpaper which in-turn, exposed rotten sheetrock. I dismantled the old fixtures and found corroded piping. I was immediately flustered once I realized that this “new” appearance/design would contrast with the old linoleum flooring, outdated shower tiles, and the well-worn toilet and cabinetry. Reality hit as I suddenly realized that my “cheap fix” was by all accounts turning into a significant (and expensive) remodel! My wife and I sat down and discussed the pros and cons: Sure, we could wait….but this was OUR home and we wanted to enjoy OUR bathroom without having to endure it’s obvious needs. Of course, we could just “bandaid” the problem by doing a cosmetic/superficial fix; the whole time knowing what lie underneath and that eventually we would have to deal with the problems we already knew existed. We could fool the guests who used it, but were we trying to fool ourselves? That last question answered all of the others. At that exact moment, we decided that any future remodels or repairs to our home would be done the right way. We would take the temporary hit to our pocketbook and to our schedules to ensure that the job was completed properly. We could then fully enjoy it and take comfort in knowing that we did not “fool ourselves!” As your reading this blog posting in anticipation for the New Year, may I suggest that you not consider those well-worn cliches and slogans of “New Years Resolutions?” For once, don’t just half-heartedly consider “dropping a few pounds,” begin a new exercise routine, or invest in something new in preparation for your retirement? After all, who are you trying to fool? Don’t just throw a coat of paint on the walls when there is rotten sheetrock underneath it all! Dig your heels in and deal with the real issues! Take a moment to have an honest discussion with yourself, your partner, your children, or your trusted friend/confidant. Get together with those closest to you and ask them to help you do a personal inventory and analysis of your life. Offer to do the same for them! If that doesn’t sound like...
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