We were lucky enough to speak with Jenna Jacques, who specializes in fix and flip Arizona real estate properties. In this second part of a four-part series, we'll reveal some of her insights that led to her success.
Just moments into the interview with Jenna Jacques, it became clear that she's not only a woman who profoundly comprehends what it takes to fix and flip Arizona properties successfully, but her persistence and unfailing optimism lend themselves well to the business. As a licensed realtor, she has more than 40 home sales under her belt this year, and they're a fair mix of traditional sales and houses she rehabbed. Ms. Jacques was kind enough to share some of her experiences with us so that newcomers to the trade can benefit from the knowledge.
1. They plan and build a solid foundation before they start. "A person needs to know what they are getting into before they want to call themselves a flipper," Ms. Jacques explained. The process involves a lot, and you must prepare for each challenge. Before she began, she and her husband worked several jobs for over a year to build a cushion. Rather than paying for a gimmick or an online get-rich-quick scheme, she also took the initiative to learn the ins and outs of the industry independently.
2. They don't settle for something because it appears to be a good deal. Throughout her years in the industry, the seasoned flipper has concluded that the best deals she finds on her own. She also advises people not to purchase a rehab property out of anxiousness but to wait for the right property and to do the necessary research to know it's a good deal before getting started.
3. They know how to select reputable people to work with and protect themselves when even "reputable" associates fail. Even though Ms. Jacques is an open book, when asked about deals gone wrong, she acknowledged, "I had a wholesaler try to take advantage of me and go behind my back to make a quick buck." While the loss would have been costly, her experience and expertise paid off, and she could take the steps necessary to protect herself. Ms. Jacques added, "In this industry, you have to be able to stand up for yourself and not be defeated."
4. They're prepared to be the last man (or woman) standing. Unfortunately, it isn't easy to find reputable and trustworthy people to work with, and even people who fix and flip Arizona properties regularly hold the bag at the end of the day. "I have been through so many painters and people who only half finish the job," explained Ms. Jacques, "but at the end of the day, you have to have the backbone to just keep on at it." You Can Make Your Dreams Come True,
Even if You Don't Have a Background in Fix and Flip Arizona Real Estate
Ms. Jacques' story is truly inspirational for those who are considering trying to fix and flip Arizona properties. Her humble beginnings prove that anyone with the right attitude can succeed. Like so many others, she has always had an interest in home rehabs and relishes exploring the before and after photos produced by experts in the industry. Though she held two master's degrees, they were in nursing and administration, so she pursued nursing as her career and only dabbled in real estate for several years. Ms. Jacques explained that the primary catalyst in her decision to begin rehabbing homes came when one of her twin daughters was diagnosed with a sensory processing disorder. Her nursing administration position couldn't accommodate the time she needed to take off work for appointments, and despite having medical insurance, bills began mounting. "This is when I decided we would take the risk and hope for the best," she continued. "What else could a parent do in a situation like this?" Of course, Ms. Jacques isn't just taking care of her family and making her dreams come true; her expertise has enabled her to improve many people's lives, as can easily be seen by her perfect five-star rating on Zillow. Resilience also goes a long way to becoming successful with fix and flip Arizona properties.
While "resilience" seems to be today's buzzword, it sincerely applies here. The passion for the business that Jenna Jacques conveys is contagious, though listening closer to her stories, you're sure to catch an underlying theme. Each time she faces adversity, she's prepared and bounces back. If you can capture her spirit and enthusiasm for the business, you, too, might have a future in home rehabs.
Want to learn more about Jenna Jacques or get in touch with her? Visit her on Facebook .
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