Further, in your role as a flipper, it’s your job to find deals, make contacts, set up the financing, and keep an eye on your ROI and bottom line...especially if you have a private lender waiting for their ROI! If you’re too busy with construction, many of these things get pushed aside, and your business can’t grow as quickly. It's prudent to plan for a project to exceed budget and timeframe, and be ready to offer additional benefits to your partners/lenders should this occur (e.g., additional interest or percent of profits...whatever they're amenable to).
TIME TO SELL: HOW TO NEGOTIATE
The best way to sell your home is to list it with a great, investor- friendly real estate agent. (Unless, of course, you are a great real estate agent, in which case, it’s all up to you!) Whether you’re listing yourself or you’re handing over this part of the process, it’s important that you know all the best marketing tips tricks. I have proven ways to get your home sold quickly and for the highest price, and I’ll go over this in the next section. Negotiating skills are also key when it comes to making the biggest profit you can, and this process can intimidate a lot of people. Both you and your buyer are working to get the best deal possible, and only one can “win.” Negotiating well is among the most important professional services that working with a real estate agent offers. However, by learning how real estate negotiations work and how to apply appropriate techniques, you can get the price you want from buyers.
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