Customer Reviews

FLIP: How to Find, Fix, and Sell Houses for Profit

5 star:		(61)
4 star:		(7)
3 star:		(2)
2 star:		(1)
1 star:		(3)

 

 

I am a 28 year licensed real estate veteren and can honestly say that I learned a great deal about not only buying and fixing homes for profit but buying homes in general when it comes to homes needing repairs. This book is exceptional. It builds a model to follow if you want to consider investing in properties that need repair. It is simply the best "how to" book on any subject I have ever read. The book can save you a great deal of time, money and heartache if this is a subject you would like to pursue or even if you have already engaged in flipping properties. No investment is fool proof meaning even if you are knowledgeable you can still make mistakes. FLIP clearly demonstrates and shows you how to avoid as many problems as possible and more importantly when to say NO to what might at first appear to be a good opportunity. I could not recommend a book more than FLIP!

What I find so helpful about this book, and I have read a lot of them, is the logical way in which the authors divide all aspects of real estate investing. They have experience, they have the data, and they present it so well. I have been investing for a few years, and this book not only sums up much of what I have learned, but it really has taught me things I didn't know. It has made me think about my business in a smarter way. They don't promote a get-rich-quick scheme. This is hard work. They present the business in an honest way.

As a Certified Residential Specialist from Fayetteville, North Carolina, I am constantly exposing myself to every kind of training and am constantly reading about the real estate industry so I may be best prepared to serve my clients. I have been watching for this book for weeks and was so excited when I finally found it. WOW! I couldn't put it down.

This is such a well written, practical and informative resource on the processes of flipping. It could easily be named - FLIP- THE REALITY CHECK. There is certainly a method that makes the process of rehabing and reselling a home a financial success. This book really educates the layperson about the importance of making buying decisions based on information gathered through predetermined systems and processes rather than on emotion. Valuable!

FLIP also clearly communicates the power of good advocacy which I hugely appreciated and agree with. I see some people who discount the enormous value that Realtors and other professionals bring to the success of real estate processes. This writer GETS IT!

From A-Z, this is a grand guide. Through the use of personal stories it is easy to "feel" the temptations to make rush decisions not solidly based on factual evaluation and profit projections and, through the stories the reader could get a little taste of the frustrations, fears and celebrations that are part of the challenge. The stories make it clear that stuff just happens and there is no perfect purchase that yields only great returns with no surprises. That prepares the reader to know it's just a part of the ride and there is not an unreasonable expectation that their attempts have to be perfect all the time. Looking at multiple investor stories, the reader also learns that there's more than one way to hit a home run. The "Lessons Learned" and the "Successes Celebrated" are both parts of the Real Estate adventure I love and they were well portrayed.

I was most appreciative of the generous sharing of forms already prepared which I will use in assisting clients evalutate personal purchases and also use for my own personal investments. I'm ready to Flip one for Donna!

I just had a consultation this afternoon with an investor client and felt I was able to perform at a caliber that was way above what I would have known just days ago. He left with his homework- one of the first steps of which was to buy and read FLIP. We are both going to be informed and well prepared and successful! What a team we will be!

I encourage seasoned or potential investors and especially my peers in the Real Estate industry to buy FLIP and read it today! Thanks for a great job in producing a great resource that will open doors for increasing wealth through real estate to many.

When I ordered my FLIP book, it was back-ordered for about 2 months, I forgot about it and ordered another course in the meantime. I wish I had waited. The step-by-step approach is informative and just what I needed. The real life scenarios help you envision actual conversations that I have personally had with others. I could not put it down because it is an easy read. The online property analyzer tool is very useful. I wish the software mentioned in the book was available; perhaps it will be in the future.

As a retiree and Real Estate invester, I am looking to supplement my retirement fund. I feel I now have the knowledge, which makes me more powerful in approaching new opportunities that can be somewhat challenging for a novice investor/rehabber. I have learned that I do not have to do all the work myself. Work smarter, not harder.

Real estate will always be a good way to make money. This book teaches you how to do everything and not miss the important details. I was looking for something that is easy to read and informative. There are lots of other courses that charge much more money, but none better.

For the price, its worth its weight in GOLD!

I recently read the book from cover to cover and was highly impressed - it is without question the new "bible" on flipping houses, and the authors addressed each concern a flipper might have with aplomb; direct, honest, unbiased, etc. I "flip" about 4-6 houses a month, and I found the topics covered to be very valuable. One piece of advice for the follow up that would be helpful - advice to flippers of how to deal with the "seasoned title" issue where underwriters for mortgage companies used by the flip buyers to fund the deals can get spooked about short title seasoning.

If you look at the authors' bio, it's short and sweet. What it says is, I know what I'm doing because I've done this before. The steps are laid out in this book: (1) Finding a home with potential (2) How to make an offer without costing you an arm and a leg (3) how to finance (4) How to fix your house and manage it (5) How to sell. These 5 simple steps are delivered to the point, and with expertise.

Just one last point, I only recommend reading books by investors. Don't buy books from 'writers'. They don't write from an investor's perspective. Other books I recommend along with FLIP:

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction by Lucier

Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by Sausa

Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Loftis

FLIP is a well-written book about flipping properties whether it is a rehab or something you've found as a trend. With real estate gurus like Gary Keller giving the foreword, you know the content is dependable, and authoritative. The book is basically laid out in 5 different sections and I'll lay them out as follows:

1. Getting leads/find target market - it's like running a business. You find your niche market. It might be condos on South Beach or lodges in the Colorado mountains or single family homes in Cali. Know your market and know the exact target plus statistics, comps in the area, etc.
2. Making offers - negotiate so that you have good profits. You look at your trends and other data to determine how much of a market flux is there.
3. How to finance/close - self explanatory.
4. How to plan/rehab - self explanatory.
5. How to sell - self explanatory.

HIGHLIGHTS:
* The financing part is excellent and should be one of the reasons why you buy this book.
* How to sell even in a buyer's market is also covered.
* You're briefed about niche marketing on the first section, something not usually covered in foreclosure books.

Hope that helps!

-Matt
Illustrator for the Ultimate Foreclosure Kit (ISBN 0978834658)

Prior to reading FLIP, I'd read six or seven other rehab/flipping books and while I can't deny I learned something from each, those books - either individually or even collectively - weren't nearly as informative as is FLIP. Matter of fact, I've now termed it "The Book" because of its thoroughness, clarity, logic and realism (and at times, touches of humor!).

The authors are highly experienced investors (I don't think all authors covering this subject truly are!) who present their collective experience in a very logical and easily understood manner. FLIP's authors utilize the very effective and time-tested method associated mostly with public speaking: "Tell 'em what you're going to tell 'em, tell 'em and, tell 'em what you told 'em." In doing so, the reader is introduced to a specific topic, then it's explained in detail and finally, it's recapped. Furthermore, the material presented "builds" on itself in a very logical manner, all the way from finding a rehab project to selling it - and all the stages/events in between. This structure is further aided by sequential "flow-chart" diagrams throughout, which helps one learn and retain information even more effectively. An interesting teaching tool utilized in FLIP is a narrative which follows a handful of investors and their respective rehab projects from inception to conclusion. This narrative "brings to life" the concepts presented in the book and is intended to illustrate the many aspects (and twists and turns!) of the rehab process.

Of particularly great value is the project roadmap the authors provide, i.e. the fifty sequential steps of successfully rehabbing and flipping a house. It condenses - but does not ignore - hundreds of tasks into orderly "steps." This "map" by itself is easily worth the price of the book - and then some!!

I could go on and on, but I think it's clear that in my opinion, FLIP is in a class by itself...but if it's not, "it sure doesn't take long to call the class roll!" Buy "The Book" - it's an investment in yourself and your future - and one you won't regret!!

I am a female currently researching rehabbing and flipping, and I've read numerous books on the subject. In MY opinion, FLIP is by far the best book on the market. It's very detailed and easy to understand. It takes the guesswork out of figuring out how to prepare estimates by including sample prices and breaking everything down. Not only are the sample estimates based on real prices from real stores (at the time of the book's writing, of course), they also factor in average installation times and labor rates. Although you should research your own prices and adjust them accordingly, this book will show you how to tie everything together to come up with your prices. I believe the information in this book will get you off to a great start. I highly recommend it!

I thought that "FLIP" was an excellent book. The information contained in it's pages is priceless. I am a Realtor in California and I found the systems and models that are used in the process to be very good. For those who are not in the Real Estate industry but want to invest in Real Estate by flipping homes this book is a must read. It will show you what the most common failings are and help you avoid them. This book will set you way ahead of the curve. To Realtors out there I would recommend that you give this book as a gift to any friends or clients that are thinking of flipping homes. The book is very easy to understand and is very well written. Definitely a winner!