success path: the secret to high risk & high rewards in real estate investing

With Tarek and Christina El Moussa

SUCCESS PATH THE SECRET TO

HIGH RISK & HIGH REWARDSIN REAL ESTATE

INVESTING

THE HOUSE FLIPPING BUSINESS• As with any form of investing, there will always be

some type of risk. Real estate investing is no different. • In the business of flipping houses, you are dealing with

tens and hundreds of thousands of dollars, so if you don’t know what you are doing, it can be extremely risky.• Because flipping houses is lucrative, people are willing

to take the risk to earn the reward.

MISTAKES THAT MAKE HOUSE FLIPPING RISKY

RISKY MISTAKE #1: NOT PLANNING

• One of the biggest mistakes you can make when you’re flipping a house is not planning for all of the expenses involved.• If you weren’t anticipating certain expenses, or you

weren’t aware of the taxes and holding costs or can’t sell the property, you are at risk of losing money.

RISKY MISTAKE #2: RESELL VALUE

• Underestimating or overestimating resell value and costs is another mistake that can lead to you losing money.• You have to learn how to make accurate estimations on

updates you are making on the house. If you think by updating a certain fixture it will sell for more, make sure your numbers are correct.

RISKY MISTAKE #3: OVERPAYING

• Paying too much for a house is one of the worst things you can do if you want to make a good profit.• Don’t buy a property that is too much work. You could

easily sink your whole budget if a problem arises. You can’t pay more to repair and remodel a house than you actually paid for it.

THE SECRET TO HIGH REWARDS

• Success Path is an education program that will help you learn how to navigate all the risks that are involved with flipping houses.• You can attend Success Path workshops to learn the

best strategies for eliminating risks and making a profit.• Until attend a workshop, here are some tips to help you

reduce your risk.

TIP #1: NEGOTIATE • One thing that will help you maintain a good profit

margin is negotiating the price of the house. • If you are able to get the house for less, you will have

more wiggle room in your budget.

TIP #2: INSPECT THE HOUSE • If you are able to get a thorough inspection of the

house before you put an offer on it, you will probably sleep a little better at night. • After a good inspection, you will know the repairs that

need to be made so you can run numbers before you buy the house. This is a big benefit because sometimes you don’t have the luxury to walk through the house before you buy it.

TIP #3: INSURE THE HOUSE • Getting the house insured is something easy to

overlook, but it is a smart thing to do. • You should get it insured as soon as possible because

disasters can happen when you are renovating a house. • Getting the house insured will give you a better peace

of mind.

TIP #4: DON’T CUT CORNERS• In the midst of renovating a house, do not cut corners.• If you cut corners, buyers will notice and they won’t

want to pay the price you are asking for.• Doing things right the first time will save you money

because you won’t have to redo it, and you will increase your chances of actually selling the house.

WWW.SUCCESSPATHEDUCATION.COM

Are you ready to dive in and learn how to flip houses? Let Success Path help you so you won’t flop.