Five Keys to Real Estate Flipping Success

Make your fortune in real estate. It is not that hard once you get the hang of it. Real estate flipping can be an extremely high paying career, but I see way too many people give up on it. The turnover in this industry is exceptionally high. I noticed the high turnover early on and have watched to learn why some people kill it while others disappear. This has been important to monitor to help myself and my clients last in this amazing business.

I have been in the real estate field for the last 16 years and my hard money lending company finances around 150 deals a year. Here is what that experience has taught me about being a successful fix and flipper.

Mindset: This is where it all starts. For the last 3 years, I have felt myself fall into a little lull and have realized that this occurred because of my mindset. Your mindset could be a lot of things, but the basic concept is that what you believe will happen… does. Sometimes just convincing your mind that you will hit a goal takes work. Not to mention the work that it takes to actually hit that goal.

Focusing your mind on positivity is a great start, but you really need to believe you deserve the success you desire. Meditation and affirmations are fantastic ways to accomplish this.

Hustle: Nothing is going to be given to you. When I was going through my struggles to hit some financial goals, I had to keep reminding myself of this. Times can get hard and things can feel unfair, but the reality is, no matter how much you don’t want to believe it, you are the only one responsible for your success. I would tell myself this over and over. “If I want it, I need to earn it” I had to get up in the morning. I had to deal with the problem on my plate. I had to stay up late or work on the weekend. I had to put in the work to get the results. Because I decided to be successful, I decided to work hard.

Network: As we have learned. It is not what you know, it is who you know. I constantly try to team up with people smarter than me, that can both help me learn and help me get results. This has resulted in millions in profits. I also feel very lucky to have a network that can solve just about any problem I run into. If I am rehabbing a house and run into a problem, I have a list of people I can call for help. If they don’t know how to help they will know someone who does. I lean on my attorneys, my CPA, partners, wholesalers, and other professionals on a regular basis.

Education: To make my top five list you know I believe this is important in your success. Constant improvement is essential and the exciting thing about this, especially early in your career, is that growth is exponential. As you learn and implement ideas into your business, your business grows at a faster and faster pace. Obviously, for this to work you will need to learn AND implement. Many people learn all about investing and never invest. That comes down to the investor mindset. That’s why, I believe, you need all five of these essential keys to be a great fix and flipper. The good thing is this is possible for everyone, including you.

Things to Know Before Choosing the Right Fastener

The world is constantly changing and while it changes, it’s also giving new dimensions to the process and techniques that are taking the dreams of building a better world, forward. So when we talk about buildings and infrastructure, we should not leave behind the fasteners who keep all these together in the right position to serve the right purpose. While getting the right fastener is always important, picking the wrong fastener can sometimes prove fatal for the structure or the project you are working on as just a single loose connection between the machine or the infra structure can cause the whole set up to collapse or there maybe chances that its functionality would get impacted.

So we have to make sure that we are choosing the right fastener which would serve the purpose of the project or the building in the best manner. Moreover, there are few points which need to be considered while choosing the right fastener.

To what extent the Fastener is impacting your customer or end-user.

Whether or not the Fastener is impacting the process or the Project you working on.

The Fastener should be the right one to improve your product.

The Cost involved in the Fastener.

Wrong choice of Fasteners could prove Harmful to business

If we talk about the big oil and gas companies, they spend huge amount of money in just designing all those big projects so as all those quality flange bolting kits, hex nuts, screw fasteners, and flange assembly kits, comes with a good price tag, any issue with the quality of fasteners might lead to unwanted delay or damage to the whole project and also lead towards unexpected repair costs. Therefore, the right fasteners should be chosen before using them in the project. Meanwhile, Following could be the bad impact of choosing the wrong fasteners:

• Possibility of the leakage
• Low life of the Product
• High repairing costs
• Low performing Project or Plant

How to choose the right fastener for your need

One should always choose the best fastener of the right quality in order to serve to their needs. This might sound like some extra cost but would definitely help the project in the long run. Material should be first matched within hex nuts, flange bolting pieces, and flange assembly parts in relation to the particular structure.

Secondly, the joint should be always strong and not weak and to ensure the same, right fasteners and supporting hardware should be chosen which could withstand to the weight and heat of the joint, and the atmosphere to which the join stands.

Thirdly, the quality of the fasteners should be checked on priority as that would enable you to gain more control over the project. The overall design of the concerned project should be of that kind that it should leave space for the replacement of fasteners in such a way as to evade hot bolting issues or other problems. By choosing the right fastener we can avoid any further damage to the project and make sure that the same would run more smoothly than ever.