Flipping Properties: Generate Instant Cash Profits in Real Estate

List Price: $18.95 Amazon.com Price: $13.27

• Media: Paperback
• Publisher: Dearborn Trade Publishing (July, 2001)
• ISBN: 0793144914
• Average Customer Review: Based on 43 reviews.
• Amazon.com Sales Rank: 129
  

I put out 1,500 flyers and door hangers with a "We Buy Houses" message, plus a few dozen plastic lawn signs with the same message. Within a month, I received about 15-18 calls and found a real motivated seller in foreclosure. I signed up a deal with the seller and flipped the property to another investor in my local real estate association for a [$$$] profit (I used the contract provided in the book, with a few modifications recommended by my local attorney). The closing process was a little more involved than I imagined, but the basic principles taught in the book are accurate. I am now working on my second deal and should make [$$$] or so when it closes.

If you are looking to get started in real estate, this book will cover all of the basic fundamentals you need. I also recommend Robert Shemin's book, "Secrets of a Millionaire Real Estate Investor."


This book made me $10,000

This book literally made me $10k.

I have spent thousands of dollars on real estate courses, seminars, etc, and this book contains 90% of what I learned in those courses and seminars. the info is laid out in clear, easy to understand language, and Bronchick goes into detail on all the various strategies so I could go out and use them.

Whenever a buddy of mine sees how much money I am making in real estate and wants to get in the business, I buy him or her this book. I consider it the BEST and least expensive way to get a really detailed overview on property flipping.

Back to the $10k. Before reading this book I never really understood how to buy a house "subject to" the existing financing. People had always told me it couldn't be done. Well, this author was smart enough to tell it like it is. I bought 4 houses subject to the existing financing in the last 6 months, and I saved OVER $2500 on EACH house doing it that way (as opposed to getting a new loan or needing to use expensive hard money loans). That made the downpayment on my new BMW!

Everybody wins when I buy a house subject to: the lender gets their back payments made up, the seller gets some cash to get on with their life, and I save on all the costs of getting a new loan. It really works great.

FYI - I'm not a rank beginner. Even though I've only been in the business 2 yrs, I have made cash profits of over $95,000 since January 1 of this year.

Loved the book, Mr. Bronchick - THANK YOU!
Jason

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