Real estate can be a tough game, especially if you don’t have the proper skills necessary to turn a profit. Here are five skills that you will find in highly effective real estate entrepreneurs…

1. Remodeling Skills to Fix and Flip Houses. Fixing and flipping houses quickly is an effective real estate investing strategy. Quick flips can be very lucrative, and often don’t require large investments.  However, it takes special skill: an ability to remodel property well, and to know what should be fixed for maximum benefit.

2. Patience. Real estate entrepreneurs have to practice patience when they’re waiting for paperwork to go through, or for buyers and sellers to contact them. Making a move too soon could blow an entire deal, and waste week’s worth of research and actual labor time for workers.

3. Negotiating Skills.  In addition to knowing how to fix and flip houses, real estate entrepreneurs need to have great negotiating skills. There will always be times when a deal may not go exactly as planned, and a good negotiator will find a way to come out on top.

4. Capital Raising. Depending on the size of the investment, you may need to bring in other investors on the project. Knowing how to raise capital is essential in the real estate game.

4. Networking. Experienced real estate entrepreneurs know that they are not the only ones with experience in house flipping. Networking with other people in the business is a great way to gain leads on certain properties, and to expand your knowledge about the business.

For more information on how you can escape the rat race for good and create lasting, generational wealth with real estate, download my FREE ebook, “How to Find Underpriced Properties: Secrets for Creating Wealth with Real Estate in ANY Economy.”  Visit http://StreetWisePropertyInvesting.com/Ebook.