Buy It, Fix It, Sell It, Profit! Second Edition by Kevin C. Myers

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This is an educational and informative book on fixing up houses for profit.  The down to earth realistic approach aligns with my reality of real estate.  It's not one of those books where you find a seller and try to assume his mortgage which isn't assumable or talk the seller out of his equity or do some kind of confusing creative financing because you don't have any cash nor the means to get financing.  This book explains how "cash is king" and how to get it if you don't have it.

The book goes through all the steps to successfully run a property rehab business.  The author explains that if you want to get top dollar you have to add some sizzle items to make your property special.  To get top dollar you just can't slap a coat of paint on the walls and put it back on the market.  I've seen many poorly done rehabs where this was done.  Because of it, the property stayed on the market longer racking up carrying costs and then it sold for less further eating away at the profits.  Learn how to make your property special so it stands out in a crowd so it will sell faster and for more money.

I highly recommend this book.  It's obvious that the author has hands-on experience and has rehabbed many properties. You will learn from his experience on how to run a successful rehab for profit business and be put on the path with other professionals who actually rehab properties and not just talk about it.

If you want to learn more about the book, rehab techniques, or the author go to his website at  http://www.rehabwiz.com/

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This page contains a single entry by Paul J. Frank published on December 17, 2007 8:57 AM.

Has the residential real estate market hit bottom? How will we know when it has? was the previous entry in this blog.

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