Section 02 - Set Your Expectations
When you set realistic goals and expectations, you can operate your fix and flip business better. Manage those expectations and use a proven system to help you make smarter real estate decisions, improve your results, and lay the groundwork to grow your house flipping business.
Section 03 - Set Up Your Company
Setting up your company correctly is a necessary step to realizing your goals and dreams. Organizing your company/business is not hard, but there are steps you need to take before you start to ensure compliance with state and federal regulations and limit your personal liability. By taking the time to set up your company correctly, you build a strong foundation for the future growth of your fix and flip business.
Section 04 - Create Your Operational Systems
Putting in place the proper operational systems is necessary and important to set the foundation for the success of your house flipping business. Do your research and then implement the systems that work best for your particular skill set and level of business experience. Taking the time to do this on the front end will pay huge dividends when the time comes to grow your fix and flip business.
Section 05 - Secure Your Financing
You will need money or capital to operate your business and/or purchase your first property. The process by which you obtain that money - whether it is using your own personal funds, using a lender, or partnering with an investor is commonly referred to as “how you finance your business”. Finding the money to finance your business is essential and the first key to getting your business off the ground.
Section 06 - Choose Your General Contractor
You have your first property under contract and it is time to choose a general contractor (aka GC). There are many questions you should ask and information you obtain know before determining the right person for the project. Having the right general contractor in place to handle your renovation is one of the most important factors in making your fix and flip successful.
Section 07 - Finding Property Sources
There are many ways to find property sources and this course will teach you how to start networking with them. We will also explore the aspects of direct marketing programs to reach these property sources. As you start your fix and flip business, building strong relationships with trustworthy and knowledgeable property sources will be critical to your success and your ability to grow in the future.
Section 08 - Start Your Property Search
Now it’s time to start your property search! While this can be a very exciting time, there are several critical elements to consider as you start the process. You need to know what you are looking for in a property and how to incorporate that into your analysis for the purchase of current and future properties.
Section 09 - Evaluate Your First Property For Purchase
What do you need to do now that it is time to purchase your first property? In this section, you will learn how to use the proper evaluation tools, what characteristics you should look for in a property, and the warning signs of properties to avoid! Follow along as we provide you with actual fix and flip house pictures and interactive video.
Section 10 - Buy Your First Property
You have chosen your first property to purchase. Congratulations! It is now time to make an offer and implement your plan to successfully flip this property. We’ll cover what you need to be doing after you get your first property under contract, as well as how to ensure the hammers are swinging on day one after you close the purchase.
Section 11 - Create Your Scope of Work
In Section 11, we’ll walk you through the steps to create a complete scope of work for your remodel project and how to utilize the Fixters Software ScopeBuilder to simplify this process and reduce errors. The scope of work is important as it drives your schedule, shapes your budget, and builds your list of tasks needed to get your project off to the right start.
Section 12 - Bid Your Project
Whether you hire a general contractor to handle your entire project or decide you want to oversee parts of the project yourself, you will be armed with the tools and information you need. You will be able to provide comprehensive bid sheets to your GC for the completion of the work on your project at a budget that is agreed to before the dust starts flying.
Seciton 13 - Create Your Project Schedule
It’s almost time to start swinging hammers! In Section 13, you’ll learn how to work with your general contractor and trades to set a schedule for your remodel project that is reasonable and attainable.
Section 14 - Monitor Your Project and Pay Your Bills
The dust has started flying! We will help you understand the benefits of monitoring your project in person and how to pay your bills accurately and on a timely basis.
Section 15 - Key Performance Indicators & Warning Signs
It’s important to look at your key performance indicators (KPI’s) and use them to understand how your project is progressing. Consistently using this information, which is quickly and easily generated in the Fixters system, is critical to making your fix and flip a success. We will also highlight warning signs that might indicate your project needs more attention.
Section 16 - Sell Your Property
Should you hire a realtor to sell your property? Should you sell the property yourself? In Section 16, we’ll discuss each approach so you can make the best decision possible for your situation and business goals! We’ll also cover what to do to prepare for listing your house and how to monitor the selling process.
Section 17 - Review Your Performance Reports
Purchased – Remodeled - Sold! You just finished your first fix and flip house! Congratulations! Now it’s time to see how you did so you can start your next house. In this section, we explain the importance of reviewing your performance reports and what each of these reports means to you. Where can you make adjustments to improve your next fix and flip outcome? We will cover these questions and other ways to analyze your results.
Section 18 - Scale Your Business
You completed and reviewed your first project. Now it is time to use what you learned and take the next step toward accomplishing your goal of financial freedom and independence. How do you prepare to do more than one property at a time? In Section 18, we’ll cover how to start laying the foundation to scale and grow your fix and flip business!
Section 19 - Now Is The Time!!!
A great fix and flip education is the foundation for creating a long term, profitable house flipping business. This is just your first step because no one can retain every detail during training and graduate as an expert. Students don’t graduate from culinary school as Wolfgang Puck or flight school as Top Gun. You need help, and we want to see you succeed! We will be here for you long after the initial education is over to help you reach and exceed your goals.