Additional information
by J. Scott (Author)
More than 175,000 copies sold
Turn distressed properties into consistent profits without getting burned by bad deals, unreliable contractors, or market downturns.
Successful house flipping is about having the right system--one that helps you identify profitable deals, manage renovation efficiently, and sell properties quickly regardless of market conditions. When you know what to look for and how to execute properly, this "risky" real estate strategy becomes a reliable wealth-building vehicle instead of a gamble.
This highly-rated guide comes from an expert who has hands-on knowledge of flipping houses at scale. J Scott has transacted over $60 million in property nationwide--buying, building, rehabbing, selling, and lending across multiple markets and economic cycles. As the author of four BiggerPockets books with over 375,000 copies sold, J Scott gives you everything you need to build a profitable and efficient house-flipping business.
With this book, you'll master every phase of the process:
- Build your foundation: Set up financing, find the right agents, and establish your business structure
- Hone in on your market: Identify profitable neighborhoods and property types using tried and true analysis techniques
- Acquire profitable deals: Source on- and off-market properties through MLS, auctions, direct marketing, and wholesale networks
- Master the flip formula: Calculate renovation costs and profit margins with precision for any market
- Plan and execute the project: Create detailed scopes of work, budgets, and schedules that keep renovations on track
- Manage contractors: Build reliable teams, negotiate fair contracts, and avoid costly delays
- Sell for top dollar: Stage properties effectively and navigate buyer due diligence to maximize sale prices
Back Jacket
ENTIRELY REVISED AND UPDATED!
Are you inspired to leave your 9-to-5 job and start flipping houses? Written by expert real estate fix-and-flipper J Scott, this revised edition of the best-selling book details a step-by-step plan to succeed in your first--or next--house flip. Find a great investment, learn how to fix it up, and walk away with a profit.
In this completely revised and updated edition, you'll find 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 or seasoned real estate pro looking to build a profitable house flipping business.
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!
Learn everything you need to know to build a profitable, efficient house flipping business in a practical and easy-to-follow approach--all in one single book!
