BuildBankRoll
Education is the key to success in becoming a successful real estate flipper or investor. Others believe it just takes a strong stomach for risk and a lot of luck. The internet provides an excellent learning ground for basics to complex and I find myself routinely looking for new ideas and websites.
BuildBankRoll is a very good website/blog by a guy named Steve in Southern California. He provides lots of education on his blog mixed in with the houses he is buying and has rehabed. Each house that he's flipped is listed in a side bar and chronicled to some extent so it's easy to see the types of properties he's flipped and the amount of work that he's done. I was surprised to see a number of houses that had fire damage among those rehabbed and it actually makes great sense as I'm sure the properties were picked up fairly cheap... a segment I had never really thought about.
Another nice feature is the quick link bar to specific topic areas such as Buying, Evaluating Deals, Rehab, etc.. Basically a rapid sort function of previously posted blogs for the topic area.
The real key is they have a plan, execute against the plan, and measure performance.
This is probably the number one reason for success - just because you don't make the plan goals it doesn't mean you give up. This business takes a lot of learning and persistence.
We look at a lot of property evey week and this guy puts us to shame... then again we are part timers now looking forward to maybe doing it full time some day. Now I just need to get a contractors license...
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Your blog alloyed in with the houses he is affairs and has rehabbed. Each abode that he's addled is listed in a ancillary bar and actual to some ad measurement so it's simple to see the types of backdrop
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