When flipping a house you have 2 options. One is to do all the work yourself and save several thousands dollars in labor, or contract out the repairs and manage the flip.

I believe in order to make serious money house flipping real estate you need to build a team. We have a team that we put together with one of the partners having a history in construction, and knows how to do the repairs and can keep and eye on the contractors to make sure they are not ripping us off.

The other is what I like to call the “paper work guy.” This is someone who works in the mortgage industry, and is use to doing foreclosure contracts and hud’s.

Real estate agent - Find a real estate agent that does high volume sales and kicks butt.

Then finally the beloved investor who gives his money, but does not invest time into the project.