subject: Myths and Facts of Flipping Houses [print this page] Myths and Facts of Flipping Houses Myths and Facts of Flipping Houses
To make money, you must have the right money mind-set. Here are the common myths about flipping houses - and the facts.
Myth: I can't buy houses with bad credit.
Fact: Lenders lend to people who flip houses. They look at the deal, not the borrow.
Myth: There are no good deals in my area.
Fact: There has never been a better time to find great deals than now. There are always great deals if you know where to look.
Myth: I have no business experience.
Fact: Most people who run successful businesses started with no business experience. You can overcome the lack of experience with education.
Myth: I have failed so often, I feel destined to fail.
Fact: Because you failed so many times, you're one step closer to success.
Myth: I have no construction experience.
Fact: Construction is not rocket science. What you need is a good subcontractor agreement, budget sheets and a way to control your projects. Once you educate yourself on how to budget for a property and have subcontractor agreements in place, you know 80 percent of how to run a construction part of a flip.
Myth: I have no time.
Fact: With a proven system, you do not have to spend all your time flipping houses. The system works for you so that you don't have to spend all your time doing it.
If one person can do it, anyone can!!
The more you focus on the facts, the more power you will have flipping houses. The more you have the right money mind-set, the more you will attract money in your life.
