Read The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties By Mr. J Scott

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The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties-Mr. J Scott

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Entirely revised and updated, with more than 60,000 first edition copies sold! Learn how to find a great investment property, fix it up, and walk away with a profit. Are you inspired to leave your 9-to-5 job and start flipping houses? 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. 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 flips, and a focus on larger renovation projects not previously discussed. This no-fluff book contains a detailed flipping blueprint perfect for both the complete newbie and seasoned real estate pro. If you’re looking to build a profitable, efficient house flipping business, let this easy-to-follow book act as your guide! In this book, you'll discover how to: Implement the 7 most common and creative financing strategies Evaluate the profitability of deals quickly and accurately Determine the types of properties you should invest in Perform due diligence to ensure your deal is a winner Identify the best locations to build your flipping business Create a scope of work, budget, and schedule that generates profit Find and hire the best contractors to manage your rehab to completion Sell the renovated property quickly and at the highest possible price ...And so much more!

Book The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties Review :



I have a library of real estate books and this is the book I constantly go back to and re-read when I feel like I've lost my way. I have just about every book on Amazon regarding the subject and this one really has the best information. I also bought the companion book called "The Book on Estimating Rehabs" and it is the perfect book to figure out how to not only estimate the scope of work but gives you great insight on what you should be paying for contractors and products. I also keep up with J Scott's flips on his website. He is a real house flipper and not someone that gives you his theories on the subject. He tells you the good and the bad but gives sound advice on how to make sure each deal is a winner. If you are in the Rental business this book doesn't really cover the Buy and Rent strategies. 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. The best book I have read on that issue is Buy it, Rent it, Profit by Bryan M. Chavis. I suggest getting all 3 books so you understand how to flip and profit quickly or turn a bad investment into a winner by renting.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. They handle marketing, Contracts, Tenants and maintenance for 10% of the rental price. On most deals that will cost me about 120 dollars per month. Not having to deal with Tenants and maintenance is worth the price to me. The profit margin in my area is around 20 percent. 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. It can be the difference in losing money and making a little off of a bad deal.
This is the by far one of the best books I have ever purchased. Absolutely a wealth of knowledge comprised here, what would cost you thousands in seminars, and other courses.Three tips:1) Buy this book, and the rehab estimator book.2) Join you local REIA - and network, network, and network.3) Find a mentor - alone you are lost, or this machine of so many moving parts will crush you.Good luck!

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