Real Estate Investor Training Involves More Than Just Learning about Paper Work

Knowing how to build a strong team to ensure success needs to be a part of real estate investor training.

Entering the world of flipping houses? If you’re smart, you’re getting yourself prepared by enrolling in a quality real estate investor training course first. Learning about forms and how to fill them out correctly is a given. Getting to know the “how-to” and “what for” of the world of HUD and bank-owned homes is information all investors need to know.

The most effective courses don’t just teach you the nuts and bolts you need for today – they also help you plan for your future, as your business expands. For example, when you are planning out your future, plan to have staff to assist you. Someday you will need a support team to handle the multiple homes you’ll be purchasing. You’ll learn more about who needs to be on your team as your training progresses.

The Fix-It Team

To start off, there are the physical repairs to the homes. Most of your purchases may need anywhere from a few cosmetic touch-ups to major remodeling. The idea of being a

do-it-yourselfer might sound great – especially if you’ve been overdosing on home improvement TV shows. But let’s face it there is a huge difference between spackling some holes or re-caulking a tub to looking at a major plumbing or electrical repair. Unless you have an electrician or plumber certification you may want to leave those jobs to professionals.

Ask people whose opinions you trust when you start searching for contractors you would like to work with in this endeavor. You want someone you can trust, someone who knows where to get quality supplies and not break the budget, and most importantly someone who takes pride in their work. Having a contractor on your team will be a definite advantage especially when you view perspective purchases. Your contractor will be able to help you see potential issues and give you up-to-date estimates on repairs.

The Marketing Team

Truly experienced trainers will also encourage you to find a marketing manager, and to hire one immediately. That suggestion might make you see dollar signs. Sounds expensive, right? Effective, high ROI training gives you the reasoning behind the suggestion and shows you how to pay them where it won’t break the bank; in particular, it won’t break your bank. Finding someone who has a real estate agent license who can work on getting you buyers, sellers, and private lender leads will pay for itself. Your marketing manager would also be responsible for coordinating property launches, maintaining a buyer database and the email marketing.

Your dream team will take time to take form. Investing your time in building a strong foundation of knowledge and road-tested wisdom prepares you with all the information needed to jump right into investing with confidence. After talking with family and friends and doing some online research you find it easy to form a partnership with a local contractor who has a stellar reputation. Joining a local investor club and doing some networking may yield a real estate agent who, after reading your business plan, wants to be a part of your team and is already working on leads for you.

The house flipping business doesn’t have to be a lone ranger deal. In fact, you’ll find that the stronger the team you build, the more successful you’ll all become. Make sure any real estate investor training you get teaches you how to do that.

ABOUT THE AUTHOR

Josh Cantwell of Strategic Real Estate Coach – http://www.strategicrealestatecoach.com - teaches that making serious money in the real estate business is all about one thing… seeing potential. This skill allows you to find

those golden opportunities that others can’t recognize. Where they’re quick to focus on the problems, and why a certain deal “won’t work”, he teaches real estate coaching students how to turn potential into PROFIT. Check out the perfect real-life example in this house flipping case study video.