It seems that every successful business person, no matter what business they are in, has several solid must haves that make them who they are and propel their business forward. The same is true for people who buy and sell houses for a living. There are several commonalities that successful house flippers share. Here are the top must property flipping must haves for house flippers who want to succeed.

It Takes a Village

We have all heard the cliché that it takes a village to raise a child. The same applies to house flipping; it takes a village. A house flipper can only be as good as his or her collective team is. A house flipper cannot know or do it all, he or she must rely on the expertise of other professionals. As a house flipper, your team should consist of a CPA, attorney, inspectors, contractors, real estate agents, Title Company, and even an assistant.

You can only be as strong in the real estate market as your collective team is. There is no doubt that your toughest competitors have a strong team of their own. Not having this team, having a partial team, or having a weak and half committed team, will not enable you for success in competitive the house flipping market.

Make it Feel like Home

While staging can be a burden to your bottom line and to your timeline, it can actually increase the likelihood of receiving offers on the property.   Staging does not usually increase the market value or selling price of a home, but it can draw offers to the home and at a faster pace. By giving potential buyers an emotional connection to the home, and helping them to imagine the property as their home, staging paints a picture for potential buyers who usually are not very imaginative. Having a picture already painted for them, can help them to be more likely to put on offer on your property and to do so more quickly.

Patience: Check your Emotions at the Door

Having emotional buyers can be a bonus for you, but as a flipper, you need to leave your emotions out of the business. This is perhaps the most important of all house flipping rules. Allowing your emotions to run your flipping business will increase the chances that you spend more on a property than is reasonable or that you can afford. You need patience, not emotions, to make money in the flipping business. Do not get into a bidding war when making your offers or at a foreclosure auction.   Successful house flippers have learned how to leave their emotions out of business and walk away from a property when they need to. If you do not have patience with flipping houses, you will lose a lot of money.