Three S's to Successful House Flipping- Level 1 START
This course will equip you with the knowledge and tools to navigate the exciting world of house flipping. Through a series of eight comprehensive sessions, you'll gain a thorough understanding of the industry, develop a winning business plan, and master the essential steps to successfully flip a house.
LEVEL 1 Course Outline
Week 1- Understanding the House Flipping Industry
Week 2- Goal Setting and Business Planning for House Flipping
Week 2- Goal Setting and Business Planning for House Flipping
Lesson Objectives:
- Define house flipping and its key components.
- Explore different types of renovation projects for house flipping.
- Analyze current market trends and their impact on the flipping business.
- Discuss success stories and common pitfalls associated with house flipping.
Week 2- Goal Setting and Business Planning for House Flipping
Week 2- Goal Setting and Business Planning for House Flipping
Week 2- Goal Setting and Business Planning for House Flipping
Lesson Objectives:
- Develop SMART goals (Specific, Measurable, Achievable, Relevant, and Time-bound) for your house flipping journey.
- Create a basic business plan outline to guide your flipping activities.
- Identify the essential team members for successful house flipping projects.
Week 3- Market Research: Where to Find Flips
Week 2- Goal Setting and Business Planning for House Flipping
Week 4- Evaluating Properties and Making Offers
Lesson Objectives:
- Identify ideal property types for house flipping based on your target market and budget.
- Explore various online and offline resources to discover potential flip properties.
- Develop strategies for effectively networking with potential sellers to find deals.
Week 4- Evaluating Properties and Making Offers
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Week 4- Evaluating Properties and Making Offers
Lesson Objectives:
- Understand the key factors to consider when evaluating a potential flip property.
- Develop a systematic approach for analyzing property condition, renovation costs, and potential After Repair Value (ARV).
- Learn strategies for making competitive offers that are attractive to sellers.
Week 5- Financing Your Flip and Project Management
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Lesson Objectives:
- Understand the different financing options available for house flipping projects.
- Develop a basic project timeline and budget for a flip.
- Learn essential project management skills for keeping your flip on track.
- Identify potential risks and challenges associated with house flipping and develop mitigation strategies.
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Week 6- From Renovation to Resale - Marketing, Negotiations & Closing
Lesson Objectives:
- Understand the key marketing strategies for selling a flipped property.
- Develop negotiation skills for maximizing profit during the selling process.
- Learn the essential steps involved in the closing process.
- Identify potential challenges and solutions associated with selling a flipped property.
Week 7: Renovation Timeline, Budgets & Contractors - Mastering the Nuts & Bolts
Week 7: Renovation Timeline, Budgets & Contractors - Mastering the Nuts & Bolts
Week 7: Renovation Timeline, Budgets & Contractors - Mastering the Nuts & Bolts
Lesson Objectives:
- Develop a comprehensive project timeline for a house flip.
- Create a realistic budget considering all renovation costs.
- Understand the key factors to consider when selecting and working with contractors.
- Learn strategies for managing project timelines and budgets effectively.
Week 8: Exit Strategies & Maximizing Profit - Sealing the Deal
Week 7: Renovation Timeline, Budgets & Contractors - Mastering the Nuts & Bolts
Week 7: Renovation Timeline, Budgets & Contractors - Mastering the Nuts & Bolts
Lesson Objectives:
- Understand different exit strategies for selling a flipped property.
- Develop strategies for maximizing profit before and during the selling process.
- Learn effective marketing techniques to attract qualified buyers.
- Discuss negotiation tactics for achieving the best possible selling price.
- Explore post-sale considerations and tax implications.