What Makes a GOOD OPERATOR?
Manage episode 463597304 series 3637816
In another awesome conversation, we talk about the intricacies of flipping houses and the importance of viewing oneself as an operator in the real estate space. We strongly highlight the significance of effective delegation, communication with contractors, and aligning incentives to ensure successful projects. Lastly, we discuss the necessity of defining a 'buy box' to streamline investment decisions and as a bonus, (watch the video to know where it is!) a story of a personal experience to illustrate the lessons learned in the flipping process.
CHAPTERS: 00:00 Let's talk more about flipping 02:00 Why being a Good Operator matters? 05:07 Effective Delegation and Team Management 06:40 Communication: The Backbone of Successful Projects 09:27 Aligning Incentives for Better Outcomes 14:47 Step 0 is Defining Your Buy Box 20:32 CAUTION: Stay Away from Shiny Objects! 22:47 Learning from Experience and Mentorship
IMPORTANT LINKS: ▶JOIN THE FB GROUP! https://www.facebook.com/groups/fundfliprepeat ▶Your Buy Box Checklist: https://docs.google.com/document/d/10VT8WObh2cwy3cD9C5yMg5PKrMmAGZEhp7rUwzrDKJI/edit?tab=t.0
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