The Complete Guide to Flipping Properties - Softcover

Berges, Steve

Softcover

ISBN 10: 0471463310 ISBN 13: 9780471463313

Publisher: John Wiley & Sons, 2003

Synopsis

The total step-by-step guide to making a killing buying and selling rehab properties Here is the ultimate guide to one of the most successful real estate investment schemes to emerge over the past two decades. Known variously as "flipping," or "rehabbing," it involves buying residential properties, increasing their value by performing necessary repairs and other enhancements, and reselling them at a substantial profit. Expert Steve Berges schools readers in all practical aspects of flipping. Investors learn to identify opportunities (or "diamonds in the rough"), analyze a property's real value, seek out and obtain the best financing alternatives, negotiate the sale, and close the deal. Readers also learn about several proven exit strategies which enable them to sell off their investments for maximum profit. Steve Berges (Lake Orion, MI) is a successful real estate investor specializing in creating value through various real estate mechanisms, including single-family homes, apartment complexes, and the development of single-family housing communities. He is also the author of the popular The Complete Guide to Buying and Selling Apartment Buildings (0-471-43639-9), also available from Wiley.

About this title

About the Author

STEVE BERGES is a real estate investment professional with over twenty--five years experience in the industry. As Principal of Symphony Homes, Berges is an active investor specializing in single--family houses, multifamily apartment complexes, and the development and construction of single--family housing communities. He is also the author of The Complete Guide to Buying and Selling Apartment Buildings (Wiley). Steve Berges holds an MBA degree in finance and marketing from Rice University.

From the Back Cover

Fix and flip single-family houses for quick profit??and long-term prosperity

The Complete Guide to Flipping Properties offers proven, straightforward guidance for anyone interested in flipping properties for quick profits. This comprehensive guide to flipping will help any real estate investor design a detailed plan for achieving their financial goals as quickly as possible. Steve Berges, creator of the value play strategy, shows you step by step how to flip properties and lock in profits. With in-depth explanations of every aspect of the art of flipping??from finding properties and closing the deal, to repairing houses and reselling at the best price??this book is the ultimate resource for novice investors and real estate pros alike.

The Complete Guide to Flipping Properties includes:

• Time-tested strategies for flipping
• Ten proven methods for locating great properties
• Property valuation methods??and which one is right for you
• Financial analysis and modeling techniques
• How to create value and maximize your profits
• Seven steps of successful negotiation
• How to close the deal
• Foolproof exit strategies for getting rid of properties
• How to assemble a winning team of professionals
• Three keys to maximizing your potential as a real estate investor

With tips on writing business plans, investing on credit or with OPM (other people?s money), and creative financing methods, The Complete Guide to Flipping Properties gives any investor the tools they need to build wealth safely and reliably.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2003
• Language: English
• ISBN 10: 0471463310
• ISBN 13: 9780471463313
• Binding: Paperback
• Number of pages: 240