Are you an aspiring REI entrepreneur with hopes of flipping houses like the TV icons? You know, the entertainment industry has had a field day glamorizing flipping houses for a living. Yet how much of their spin is actually true?

Would you like to know the truth about flipping houses for a living?  Here is a sample project that we at Invesdoor® flipped in February of 2014:                                http://youtu.be/cNJ37dXZIFY.  The entire project was completed within 1 month.

What you see here is simply the “before & after” of one of our house flipping projects.  It took you only 3 minutes to view.  What you DIDN’T see is the numbers behind this kind of project.  The reality is all in the math.

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Do you hope to be flipping houses for a living soon? If so, visit www.invesdoor.com/mentor-for-life/ for more information on doing it right!

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If you are flipping houses, you may be surprised to see a title like the one on this post. Most of the time we read the rags-to-riches stories and often don't think of an ugly side to this business. Remember, though, that this blog is all about the truth and there are no sales pitches to sugar coat the truth.

While we see testimonials of people waving $100 bills as if they just cashed the first check in their REI business, the truth is a little different than the ads for REI coaching programs.  The truth is that most people who set out to invest in real estate fail.  Only a small handful of new REI businesses actually succeed and build financial security for the new real estate investor.

Let’s say you are flipping houses as your exit strategy.  You attended a seminar, took an online course on real estate investing and you even wrote a big check for a coach.  Your sincere efforts were not a bad plan.  The problem was that once you paid the big bucks for a coach, you could never reach him again.  Hmmm….sound familiar?

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Where are you now in your REI business? Are you ready to move it forward? Flipping houses is not easy! It is, however, much less difficult when you have a real mentor. For a FREE consultation, contact me @ cjlauria@invesdoor.com and put CONSULTATION in the subject heading.

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You've heard it said: "It's not how much you make. It's how much you keep." If you are actively flipping houses the right way, you are probably earning a pretty good living. That's why it pays for you to know the rules by which you must conduct your REI business.

This reminds me of the Money Mastery principles 5 & 6:  #5 Always know the rules; #6 The rules are always changing.  Isn’t that the truth?  If you are a U.S. resident, you are probably aware that the IRS reserves the right to change the rules anytime without your permission.

So what should you do if you are flipping houses for a living?  Continue Reading »

Playing by the rules is the only way to play. I strongly advise you speak with a qualified tax specialist for the latest on tax regulations affecting your REI business. Contact us for a recommendation.

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If you are flipping houses for a living, it all comes down to finally selling your property before anyone gets paid. Today I went into escrow on the sale of one of my flips. Now it is about 30 days till pay day.

The truth is that your profit is really created when you procure the property at the right price.  If you have obtained a well-enough-discounted price, you are assured a fair margin for profit.  However, if you paid the going rate when you bought it, what are you going to do if the market shifts to favor buyers?

This recently happened to me.  Two weeks after I listed two properties a flood of local listings hit the MLS.  Continue Reading »

How do you sell your properties? Do you need any assistance? Let me know.

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Business Strategist, Bennett Johnson, welcomes CJ Lauria back to the show. Bennett and CJ discuss the risks and reward of real estate investing and house flipping.

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In this episode of the Small Business Success Unzipped show, Bennett and CJ explore the risk and reward of home flipping. Here are a few pearls of wisdom from the show:

  • Before you hire contractors, know how to swing a hammer.
  • Keep your pipeline full.
  • Become a lifelong student of real estate markets.

Real estate investing is not for everyone. It is a proven way to bring in extra income. You could lose your shirt or you could build wealth. There are no guarantees on the road to building your own brand of success.

How will you build your own brand of success?

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