“Should I try flipping?” Well, it is indeed a big question and one that many before you have asked. The difference is most stop there and never find out. So do you spend the significant amount of money and time required on the hope that flipping is right for you?
The answer is no. We do not base an investment on hope. First we figure out fit.
Will you like it enough to pursue it? Who exactly are YOU relative to the requirements of the business?
Troubleshooting
Beyond evaluating opportunities and pricing, we cover key flags to assist you in determining property condition. Is that rot a big deal? How about the condition of windows? What about that old wiring? Which rooms are key for updating? What areas present the biggest risk? How do I check them quickly on a walk through?
This 300+ page book covers important subjects related to flipping homes with the seriousness it deserves.
We discuss how to evaluate target properties, determine appropriate pricing, and identify problems before you invest.
Remember that sometimes things that seem big are not at all with experience. We’ve taken on issues that seemed like a big deal to others, and were dealt with in short order, just a number of weeks. The book provides a supposedly deal breaker example of this for context.
But other times, no such luck. Our “little issues”…those things that were just quick hits and sure fire paths to success when we did our walkthru, turn out to be big problems.
And again, toward the end of profit + protection, we talk about these large surprises, including a detailed case study and financial impact of our missteps.
Leverage Experience
Whenever we are tackling a property investment, the goal is of course to minimize our issues and maximize our profits. But to do that requires knowledge of the business and it’s many moving parts. Having experienced construction personnel to hand down some war stories helps bridge the gap between the potential flip and possible problems.
Be forewarned, this is not a MORALE booster. But in exchange for the slog, we seek to help you avoid MISTAKES, protect CAPITAL, and earn a PROFIT.
- Also included is our…
- FLIPPING FIFTY Rules of the Game
- FOCAL POINTS
- PERSUASION FACTORS
- KEY TOOL PUNCHLIST and How Used
- SELF-APPRAISAL for Fit
- Walk-Thru CHECKLIST to evaluate target properties
- And MORE
Buy, Fix, & Sell…without the spin. Real world situations and pain, disclosed and addressed.
Get it now at Amazon…
Amazon.com
Amazon.ca
Amazon.co.uk
And if selling a property, read about Buyer Dirty Tricks HERE.