The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties (Fix-and-Flip, 1) Paperback – January 17, 2019

This book is EXCELLENT. The authors style of writing keeps you engaged and wanting to read more and more, awesome writing skills, love this book! It's an incredible wealth of knowledge. It walks you through every aspect, every single step, from thinking about flipping, to deciding to, farming areas, marketing, using an agent to search, buying, doing the repairs yourself vs using a general contractor or General Contractor, or subbing the work out yourself, inspections, loans, financing, escrow, oh my goodness, I could go on and on. While I've technically never flipped a property in a few months time, I have bought two fixers in my lifetime, most recently my primary home, the property I just sold. And the author couldn't be more right on hiring the right contractors. With the RE market making a nose dive, I'm preparing to start my new rehab venture. I may buy one for a rental and just go from there but this book made me very excited to get the process started and even though I've actually done this before (to some extent) this book had tons and tons of priceless information that I didn't know. I have so many bookmarks in my book it's ridiculous. I didn't want to highlight on the pages but I'm going to have to go back and just do it because this author has SO MUCH experience and valuable information provided, this book is going to be my go-to for reference on things. Excellent book! I also bought his book "Estimating Rehab Costs", I'm gonna start reading it tomorrow, can't wait. Buy this book!

Very informative. I learned a ton about both real estate and business from this book. I would highly recommend it!

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.

Pros: This book is highly detailed and specific, which is great. The author explains every step of the house-flipping process in a methodical way that guides you through the process. He includes many personal examples throughout of what works and what doesn't work. He describes all of the components of the process in an easy to understand way. I particularly liked his formula for determining whether a house is a good buy.Cons: The main issue, in my opinion, is that the examples the author provides seem to be specific to his low-cost area in Georgia, and he mentions that foreclosures are common, whereas in my neighborhood and even in my state, which did not experience the housing crisis like other states did, these deals are nowhere to be found. The housing market is very strong where I live, and there is no room to make money, even on a fixer. But, maybe it's different in other parts of the country. I wonder to what extent the concept that foreclosures and REO's are common is simply outdated in today's market, or if it's still true in some areas. It's just not true in my area. Regardless, this book seems to be geared toward entry-level housing in affordable areas in which foreclosures are common.Another negative is that I found many grammatical / typographical errors throughout the book.

Exactly what I wanted! Thanks!