Questions ThatNeed Answers!

Do I need to be a

Contractor ?

Don’t I need a lot of cash ?

How about my “Bruised” Credit?

Do I need to become a Realtor?

I have no clue about Pascals: How much do I need to know?

Design: What’s That? I think green and blue go good together

Do I need to become a Realtor?

I dont think it will

work in my area.

Creative

Financing?

Cant you go to

jail for that?I’ve never worked in Construction. What about me?

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7 Skills Of The Energy-Wise House Flipping Investor

In thinking about these questions I decided to divide up my day’s work and came up with 7 main areas that an Energy-Wise House Flipper will concern themselves with.

We’ll look at the 7 Skills and then answer the questions?

1. How deep do I need to go in each Skill?2. Is there something more important that trumps these 7 Skills?

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7 Skills Of The Energy-Wise House Flipping Investor1. Home Performance, Energy Basics:2. Real Estate Basics3. Financing Basics4. Construction Basics5. Design & Decorating Basics6. Working with Contractors7. Building & Working With a Team

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Q. How Much Expertise Is Required In These Areas?

A. Full Journeyman or Practitioner Expertise is not needed in any of the 7 Skills.

If you have advanced skills in any of the areas, that’s an extra bonus for you. (unless you focus too intently on your specialty and neglect your main job which is:

Facilitator and Team Leader

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Remember your other #1 job

Finding the Next Deal!

You’ll never retire from just one deal nor will you build a solid team which is giving you “wholesale pricing” and top performance unless you keep them consistently busy.

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Q. Is there anything more important than these

7 Skills?

A. Yes. There are several “Mind Sets” or “Paradigms” that are essential. There are also a set of learnable Habits that can be mastered. Failure to embrace these Mindsets, Paradigms and Habits will result in failure of the enterprise, or most probably a Failure to Launch and the enterprise will never get started.

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MindSet #1I Can Do It.

Of Course I Can Do It!This is a belief that started a long time ago and colors the way you look at life. Its corollaries are:I can do anything I put my mind to.I’ll do whatever it takes.I’ll get up early and stay up late. I dont care. After I decide to go for it, I will not be denied.I may work for weeks or months without pay or evidence of success but it will all be worth it.

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MindSet #2Profits vs Paychecks

This is a hard one for some people who have worked for a regular paycheck for a long time.I remember a friend who had gotten his Contractor’s License and then I helped him get a Contract to do some work. He got into it a ways and the customer wanted something re-done. My friend said, “I cant do that, I wouldn’t be making any money.” He had “gotten the gear” of a business person, but not the mindset of profits rather than paychecks. Sadly he is still an unhappy, unemployed employee, thinking about doing this business.

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In Other Words...Am I Looking For A Job Or For An Opportunity? Some places you might pass through along your way toward massive success as an Energy-Wise House Flipping Investor:

Do you think:I’m worth $____ per hour and I need to get paid for all my hours or its not worth it. OR

I’m going to make $20,000 on this deal and I’ll work as much as it takes. Then I’ll do a bunch of deals.

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Another Manifestation of this Mind Set:

If This Deal Isn’t A Winner, The Next One Will Be.

You can chalk up loser deals to Learning Curve, but only for so long. Learn all you can to shorten learning curve (That is the purpose of PlanetSavers University and the Bibliography)

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Two Bits of Wisdom To Improve Your Chances

1. Don’t Quit Your Day Job.The great thing is that you dont have to. I dont recommend quitting until you are making double your salary from your HouseFlipping

If you are experiencing “Involuntary Entrepreneurship” aka being laid off, I suggest one of three optionsA. Get a Day Job to take the pressure off and build your Investment Business at a reasonable pace and keep the day job till you’ve doubled your income

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Two Bits of Wisdom To Improve Your Chances

1. Don’t Quit Your Day Job.

B. If you dont want or cant find a Day Job, Structure your deals so you will have some cash to live on. This means giving away some of the equity to your private investor or getting paid for some work on the projects.

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Two Bits of Wisdom To Improve Your Chances

2. Knowledge Is Power.Read and learn everything you can to improve your odds of success and reduce your learning curve at the school of hard knocks.

See Bibliography Attached

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Bibliography 1Flip by Rick Villani and Clay DavisThis is the most comprehensive book I have found on the subject. Excellent checklists and analysis tools.

Are You Dumb Enough To Be Rich? by Bill Barnett. Barnett is an excellent teacher and the chapters on private money are worth way more than the cost of the book.

House Flipping For DummiesAs with all “Dummies” books, the material is basic and well organized with some surprisingly useful tools.

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Bibliography 2The Richest Man In Babylon, by George ClasonWritten in 1926, In story format, the book offers the best illustration I have seen on the switch from Paychecks to Profits paradigm switch.

Seven Habits Of Highly Successful People by Steven Covey. The title says it all. Setting off to emulate all these habits at once can be crazymaking. If you succeed at even half of them, you will be wildly successful.

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Bibliography 3PG&E Classes on Energy and Home Performance. These are “free” classes offered all over the service territory. (You have paid for them in your Utility Bill. You might as well get the benefit and the classes are excellent.) Your’s Truly will even be teaching 3 full day classes this fall. See the calendar of classes at http://www.pge.com/stockton/ they are “mid term” right now. Keep checking back.In Southern California, SCE has similar offerings.

In other states, check with your utility or trade associations.

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Noah Getting A Little Help In Deciding To Dive In.

If you are thinking of diving in and want to talk

about your situation & options, email me at

djr5650@mac.com We can set up a time to talk on the phone or you can visit my

ongoing projects in Fresno.

My goal is to help 1000 Investors start Energy-Wise

House Flipping. Blessings & PeaceDave Robinson

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