“Getting licensed was one of the best things we ever did for our business. They handle marketing, Contracts, Tenants and maintenance for 10% of the rental price. Nine years later, they've built a successful business buying, rehabbing and reselling single family homes. good to learn the pitfalls of flipping and to establish best practices. This is a very prescriptive audiobook in flipping houses. It can be the difference in losing money and making a little off of a bad deal. Very helpful to the beginning or aspiring flipper. Check out this great listen on Audible.ca. I have done a few flips over the years, and have many buy and holds. I will even go as far to say, this is a great starter book if you're looking into doing project management in the realm of real estate construction. Buying, rehabbing, and selling a house sounds like a lot of work. Flipping real estate has become very popular due in part to many tv shows about flipping houses. I feel like using this book alone to get into flipping houses is enough to get your foot in the door! “How To Flip A House” is a book that offers you just the ideal information to enable you to succeed in flipping houses. GET IT, READ IT, DO IT! In face, we bought two copies so we could both read them at once. I've read several others and I swear that half of them seem like bad rap videos where they spend the whole book telling me how rich they are, what cars they drive, how big their crib is and letting me know about all their bling. This no-fluff book contains detailed, step-by-step training perfect for both the complete newbie or seasoned pro looking to build a killer house-flipping business. I've flipped dozens of houses and spent thousands of dollars on courses. He readily admits what works for him and what doesn't. This no-fluff book contains more than 350 pages of detailed, step-by-step training perfect for both the complete newbie or seasoned pro looking to build a killer house flipping business. How to evaluate deals quickly and accurately! Then in Chapter 3 1 10537_Berges_c01_f.qxd 9/22/03 10:09 AM Page 1 The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties (BiggerPockets Presents...). Key Takeaways and Strengths: The Book on Flipping Houses is exactly that; a succinct, efficient introduction to the skills you need to succeed in house flipping. Covers every aspect and answers all your questions. This is something few people consider and could be the costliest mistake of the project. I can't imagine a possible way that a book on flipping houses has a faster pace and more detailed and in-depth information on this topic. From start to finish, it's just about every aspect of flipping that you could think of. Clearly the author is very experienced with flipping. The Book on Flipping Houses by Scott and Turner Someone who does not know where to purchase a home could get a lot of out of this resource. Goodreads helps you keep track of books you want to read. Great investment on real estate investments. This book is very detail in how to buy, rehab, and sell residential properties. Even though this book contains numerous minor typos right up to the last page, Mr. Scott carefully covers every aspect of buying, renovating & flipping houses in a comprehensive manner. Awesome book. Hurry, Grab it While It's Still FREE (Limited Time) You Information is 100% Secure And No Credit Card is Required "If you are interested in building wealth through real estate, understand that it can be done." On most deals that will cost me about 120 dollars per month. I will be reading the sister book on estimating rehab costs next. Will keep you posted if it works or not. Really cool book that talks you through flipping houses. January 17th 2019 It covers the process of finding, buying, rehabbing, and selling or renting residential real estate in the most comprehensive format I've ever seen. If it is a break even deal I will hold until I get enough equity from their payments and then when the lease is up I will clean it up and sale. Three tips: J Scott is a full-time real estate investor and rehabber currently living in the suburbs of Washington, DC. As J Scott said in his intro, he designed the book to be an actual roadmap from start to finish of the flipping process, and that's what it is. --How to evaluate a potential market or "farm" area! Story 5 out of 5 stars. Will likely dabble some day but learning as much as I can until that day comes. This is a good look at being thorough and successful in flipping houses. Though this one was always on a top 10, I hadn't never considered reading it. The 4.2 stars rated book in Amazon is a collection of wisdom that gives you the seven most fundamental steps in house flipping business. Solid read. 2) Join you local REIA - and network, network, and network. In this book you'll discover: --How to get financing for your deals, even with no cash and poor credit! Your books have helped my husband and I make a detailed plan, get our team in place, and finally feel ready to make the leap into flipping. In The Book on Flipping Houses, expert real estate fix-and-flipper J Scott details a step-by-step plan to succeed in your first―or next―house flip. A MUST READ for anyone interested in real estate investing. If none of the above reasons why flipping houses is a bad idea has scared you off and you’re looking for more in-depth information, a great book I read when first starting out is called “Flip: How to Find, Fix, and Sell a House for Profit” by Rick Villani and Clay Davis. There will be times in your flipping process where you might lose money but I've been successful in turning those into Rental properties to make my money back and then hold for long term growth and a small monthly income on Rent. Scott, J. Almost difficult to read at times for that reason. The book is well-organized and thorough. If you are considering flipping, or just want to understand the process, he explains everything. I've flipped a few in the past, but this book takes all of my guess work and poor scheduling away to make it a nice, neat, tightly-wrapped process. Let’s be real, though: It’s not as easy as it looks on TV. I have just about every book on Amazon regarding the subject and this one really has the best information. If you are even considering rehab this is a must read. Chapter 6: Who Should You Buy From? We were tired of the ra ra overview books that get you all excited about the possibilities of real estate investing, but gave few details on the process, order of operations, potential problems, etc. Topics covered are distressed homes, foreclosures and who to work with to kick start a real estate investment business in plain and simple terms. Stuffed with practical advice. Unit price / per . Now with this new book, Flipping Houses: The Number One Investment Guide for Buying and Reselling Residential Properties, you will find detailed knowledge from an industry expert that will help you: Understand the beginner’s steps you should take; How to start a house flipping business; Having a good business plan; 7 top tips for flipping … The Book on Tax Strategies for the Savvy Real Estate Investor. > Real Estate The Book On Flipping Houses - This books teaches your the Basics about Finding Deals, Analyzing Deals and Managing Rehab Projects. What I love about this book is that is just straightforward and easy to follow with actual actionable advice and a blueprint to get it done. I love how simple he explains things, I am in the process of doing my first house flip ever and I don't want my book to end lol but I need to finish it because I need to know everything there is to know! I found the content about the order to do which tasks enlightening. Otherwise. Has certainly given me the confidence to take the next leap knowing I've reduced as much risk as possible at this point in the process of attempting my first flip. Anyone who is interested in building their knowledge of real estate investments. Thinking of starting to flip houses. The definitive text on Residential Real Estate Investing! Actually, this book has probably already saved me many thousands of dollars in mistakes, and I'm glad I bought it. But...I have to admit, I have learned quite a few things with this book! J Scott makes his money off real estate, which is evident by the amount of information that he shares for FREE on his blog [...] As great as J's blog is, it is a little difficult to connect all of the dots needed to go from start to finish with rehabbing. It is mis-titled...it should be "THE book." It's sort of hard to get back into the zone after having to read every quote which appears at every other page of the book. This revised edition of the bestselling book includes new explanations on the ins-and-outs of flipping real estate in any part of the economic cycle, more options on how to … Don't Spend Your Money on Gurus Until You Read This! Book has a lot of good information. Just a moment while we sign you in to your Goodreads account. When you should apply certian principles and when you shouldn't. I’m not interested in flipping houses, and mainly bought the book to learn more about rehab in general, and although it provides good information about the total process of rehab, I didn’t find much … How to make competitive offers and complete your due dili-gence efficiently and effectively! This revised edition of the bestselling book includes new explanations on the ins-and-outs of flipping real estate in any part of the economic cycle, more options on how to finance your … That's not what attracts me and I suspect it does very little to attract solid investors into the business. Read through the overview of each below to decide which one is best to aid in your own real estate investing journey. If you follow what he prescribes, you'll be way past most of the flippers you compete against. The author - J Scott - is easily accessible in the forums at BiggerPockets.com, making him one of the most knowledgeable and accessible experts in this business. An overall decent book that covers the subject of flipping houses in the real estate industry to a relatively fine point. This book is written for me - a beginner real estate investor. Took them to an office store and had them spiral bound as we knew these would be referenced many times. I also keep up with J Scott's flips on his website. I am only half-way through the first book, but it is already far and away the best book on the subject that I have seen. on Mar 06, 2019. A true blueprint on what to do, when to do it, and how it should be done in the area of rehabbing houses. - Entrepreneur Magazine Let us know what’s wrong with this preview of, Published Publisher's Summary. Needless to say it you want a beginners guide to the process of investing in RE, it’s a good place to start before you dive into the bidding war that is fixer uppers. Confidence Building, Risk Mitigating Read, Very informative and a well thought out gameplan for someone looking to break into real estate investment. Worth re-read and check out some chapters again when needed. ... why? We also bought the companion book about rehab costs and were just as pleased with it as we are with this book. Most books have too much fluff and discuss high level concepts, but this gets into the nitty gritty. Flipping Houses For Dummies speaks to the mom and pop investor, steering you clear of the gray areas, which tend to carry high-risks and low-returns, into safer, more potentially profitable areas. What is nice though is the provided "this worked" examples of what he did that works for him and also the whole processes being organized together along with sample documents, budgets, etc. I would say without a doubt- the most important book to read if entering the wholesale house business. Thank you so much J Scott! every now and then there's a misused word - indicates dictation vs. typing (which is fine with me quite frankly). I have almost finished reading this detailed and meaty book that is exactly what my husband and I are looking for. Thanks, J! Chapter 18: Staging Chapter 19: Buyer Due Diligence Chapter 20: The Closing. Again, fine with me as no one is an expert in everything. information. One thing I did with my rentals that the books don't suggest is have a Management Company handle the entire process of my Rentals. Still, a very powerful step by step tool. I sent copies to family members and recommended both books (Book on Flipping House and Estimating Rehab Cost) to friends. J Scott has flipped hundreds of houses successfully and lays out the blueprint of how to do well. When you will find things different in your market versus his. For any would-be investors out there, BUY, READ, and PUT INTO PRACTICE the advice in these books! This is a topic that I have been considering for some years, but have not really known how. In The Everything Guide to Flipping Houses, successful house flipper Melanie Williamson walks you through the opportunities, the risks, the work involved, and the potential for real profits in flipping real estate. I think J. Scott is a straight shooter and very open about what he does and how he does it. Not just general ideas or hype, but actual, real information. As well, the author provides some EXCELLENT ideas on staging. This book is great. Finally, you could use this book to write s pretty comprehensive step-by-step checklist. A bit baffled by all of the misspellings, grammar issues, etc. BY BRANDON TURNER , SEPTEMBER 2016 Summary: House flipping can be an incredible way to grow wealth fast – but there are dangers.Learn how to flip houses for fun and profit in this exhaustive guide. Thanks. He is a real house flipper and not someone that gives you his theories on the subject. If you are looking to flip houses, this is THE book that you need to purchase. Table of Contents (Chapter Level) Foreword Introduction Chapter 1: First Concepts Chapter 2: Get Your Financing In Order Chapter 3: Find Your Real Estate Agent Chapter 4: Where Should You Buy? of you have most likely purchased single-family houses at one time or another and have at least a minimal degree of rental prop-erty experience. The book on flipping houses: how to buy, rehab, and resell residential properties / J. Scott. This book offers great insight in the ways that Nick Ruiz operates his real estate empire. The author wrote it and then it was simply published. How to find great deals from motivated sellers! Even if you are going to use another strategy (ex. In The Book on Flipping Houses, expert real estate fix-and-flipper J Scott details a step-by-step plan to succeed in your first—or next—house flip. No hard terms and the explanation is precise. However, this book, along with the companion book 'The Book on Estimating Rehab Costs,' I felt more than deserved my time for a review and excellent rating. Very good reference on renovation and project management. well written, however, the quotes per every 2 pages are distracting because the font and size are changed dramatically. The Book on Flipping Houses. Described each and every step of the process thoroughly and gave good examples of his strategies and past successes/failures. There are many items presented that I will be using going forward, including his SOW list, rehab timing, and more. Should help me to start a new career at 55. We’d love your help. Whether you are an experienced renovator or just starting out, the Book on Flipping Houses will teach you everything you need to know to build a profitable, efficient house flipping business. 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