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

by Clay Davis, Jay Papasan, Rick Villani

Book Overview

FLIP, the third book in the National Bestselling Millionaire Real Estate Series (More than 500,000 copies sold )

FLIP provides a detailed, step-by-step process to analyze each investment, identify the best improvements, accurately estimate the costs and intelligently oversee the construction. It takes out all the guess work and almost all of the risk.

Here's what industry experts are saying about FLIP:

"Read...

• Format: Paperback
• Language: English
• ISBN: 0071486100
• ISBN13: 9780071486101
• Release Date: January 2007
• Publisher: McGraw-Hill Companies
• Length: 416 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.0" x 7.1" x 9.2"

Customer Reviews

From a guy who does 50 flips a year - "best book on the market"

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.

This is a GREAT real estate investment book

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.

Don't FLIP Without This Book!

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!

A DEFINITE READ for Investors and Professional Real Estate Consultants

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.

Knowledge is Power!

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!