by Kevin Myers
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| List Price: | $19.95 |
| Average Rating: |  |
| Lowest New Price: | $1.11 |
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Product Description
Veteran investor and rehabber Kevin Myers caused a sensation in real estate investing circles with the publication of the first edition of Buy It, Fix It, Sell It . . . PROFIT! Now, a booming real estate market and completely updated and expanded edition of his best-seller spells new improved opportunities for those willing to learn the rehabbing ropes. Renovating and reselling single-family homes is an exciting, income-generating business opportunity available in any area. Myers presents all-new insights alongside proven methods for rehabbing and then selling single-family homes as a highly lucrative entrepreneurial venture. Using these techniques, beginning and veteran real estate investors gain in-depth strategies for developing a high-profit, low-overhead business-full-time or part-time. The author addresses many of the thorniest challenges that rehabbers face-from identifying deal killers to making the right renovations. All new and expanded sections discuss: *Inspecting the property *Dealing with contamination, including toxic mold, asbestos, radon, lead paint, groundwater contamination, septic systems, and termite infestations *How tax issues affect investments in real estate rehabs *Funding projects using IRA and 401(k) accounts *Maximizing profits by flipping properties Encouraging and practical, Myers explains where to find the funds to get started, how to create the team that will support the projects, and why not to pick up a hammer, even for those who are handy. All new success stories inspire investors and would-be entrepreneurs to take action.
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Average Customer Review:
1 of 1 people found the following review helpful:
 Stands Out Above the Rest, 2009-12-12
Okay, I'll grant that Myers may paint too rosy a picture about what repairs will cost and what the IRS says about taxes. However, in my opinion, it is the most helpful and practical guide I've read about picking up fixer-uppers, rehabbing them, and then selling them for profit. For anyone with some extra money in this bottomed-out economy, now could be the perfect time to pick up this book, study it thoroughly, then begin an all-out search for the lowest priced fixer uppers on the market with potential. After rehabbing, you could sell them cheap and still make a profit. I highly recommend this book. I only wish I had the money to do what I just suggested. Good luck.
0 of 0 people found the following review helpful:
Excellent Guide, 2009-09-05
This book is comprehensive and detailed in its information on how to flip homes. It includes worksheets that you can use to evaluate properties and identify your purchase price & potential profit. I highly recommend it for first timers and old hands.
1 of 1 people found the following review helpful:
Introduction to a special niche of real estate investing, 2009-08-17
Readers of real estate books might get confused about all the different methods that they can use to invest real estate. Each author tries to convince them that his or her method is the best. What I like about this book is that the author makes you aware that the world of real estate investing is vast and intricate, and there are many ways for small investors to participate. This book only talks about one niche of real estate investing - buying, fixing, and selling "handyman-special" properties for profit. This is not a get-rich-quick method because it requires hard work and dedication. If you are looking for a book on buy-and-hold strategy, this book is not for you. I would recommend Buy & Hold by David Schumacher.
A huge benefit of this strategy is speed because you simply buy a property, fix it up, and sell it for profit, which you can reinvest in another property. This is a perfect strategy for those who are starting out and don't have a lot of cash. Once you build wealth, then holding properties for long periods of time might make more sense because then you will probably be interested in the cash flow that these properties can generate.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
0 of 2 people found the following review helpful:
 Flippers Dream, 2007-11-06
This is a very easy to read guide on what to do, and what not to do, in the rehab business. I haven't got a chance to start flipping yet, but I have all the confidence I need. Definitely worth the cash!!!
4 of 5 people found the following review helpful:
This is the book to read on this subject., 2007-01-02
If you are trying to find a step by step guide for this business then this is the book for you. I recommend it to anyone who is interested or new in this type of business. It gives you a business plan and it goes through all the things that really matter, what gives you the best return on your money, how to use outside resources, etc. I looked for a long time for a book that was easy to follow and talked about the subject in a realistic manner and not like of some strange form of art. I found it, this is it.IT ACTUALLY TEACHES WHAT IT SAYS IT DOES.
It will give you the knowledge you need to gain (or in my case re-gain) confidence that you can do this business. I read "Flipping Properties" and it confused the heck out of me by telling me all about taxes and liens and paperwork and contracts before it told me anything. I got confused and intimidated.
"Buy it, Fix it, Sell it, Profit" is definately worth your time. It is the best I have found.
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