Flipping Houses For Beginners
Book Details
Author(s)Zak Ekim
ISBN / ASINB00RSJ542U
ISBN-13978B00RSJ5427
Sales Rank548,083
MarketplaceUnited States 🇺🇸
Description
After we wrote our first book I saw a need for a book that would not only discuss the many methods for buying a property but would also discuss those methods from a beginner's point of view. I answer many of the questions for each method that a beginner would have. How high risk is this method? What is required to utilize this method? What is a good method if your assets are minimal or non-existent, and how can you change that? How difficult is it to utilize this method and or what special skills will I need? How can I utilize others to increase my knowledge or skills going into this project? I have no savings at all. Can I still flip houses? (HINT - YES YOU CAN!) Where will I get the money?
Most beginners don't have a war chest of money or knowledge to draw on. Some methods are much more profitable than others but are extremely risky for a novice. Some methods have very little risk but are difficult to do. After you read the material in this book you will have a better sense of what is the best method for you.
When you take into consideration the factors I present in Flipping Houses For Beginners, and combine them with the factors in your own life like your total assets, percentage of assets devoted to your flip, your age, etc., you will have a much better sense of what is the best method for you to pursue. You will be much less likely to fall into the Method of the Month trap that many fall into and waste a lot of time in.
I'm sure more than a few people took their last 20 thousand dollars and sunk it into a house for example, up for auction, out of state, that they had never seen before. A guy with 20 flips would know what problems to expect and ways to make it less risky. This may be a great investment for some, but anyone who would send a beginner into these waters would be doing that person a huge disservice! They would be putting that person's assets at a huge risk and that may be all they have.
Once you've found a method that meets your particular needs, then get the first book I wrote called, "First Five Flips." This is an entertaining account of our first five flips and some of the funny things that happened along the way. It is also packed with content that will help you make a lot more on each flip and keep you from making mistakes that we made, mistakes that really cost us some substantial amounts of money. I would download that book and highlight the heck out of it and definitely heed the lessons you learn in it. There are some individual points that if that was all you learned in the whole book will put tens of thousands of dollars in your account or keep you from losing that.
There is nothing better than a successful flip. You feel so proud of what you get to pass on to someone to live in and you see an asset in your bank account that will really propel you forward financially. The opposite is true. There is nothing so depressing as to put months in on a project and either break even or just make a tiny bit of profit. Yes, you still get to pass on a nice home, so that is good, but you want to get paid for your effort. We never lost money on a flip because I had a great coach, but I can imagine that it would be just heartbreaking. Get this book, pick a method that fits for you, stick with it, and then spend 7 dollars on First Five Flips. Happy Flipping!
Most beginners don't have a war chest of money or knowledge to draw on. Some methods are much more profitable than others but are extremely risky for a novice. Some methods have very little risk but are difficult to do. After you read the material in this book you will have a better sense of what is the best method for you.
When you take into consideration the factors I present in Flipping Houses For Beginners, and combine them with the factors in your own life like your total assets, percentage of assets devoted to your flip, your age, etc., you will have a much better sense of what is the best method for you to pursue. You will be much less likely to fall into the Method of the Month trap that many fall into and waste a lot of time in.
I'm sure more than a few people took their last 20 thousand dollars and sunk it into a house for example, up for auction, out of state, that they had never seen before. A guy with 20 flips would know what problems to expect and ways to make it less risky. This may be a great investment for some, but anyone who would send a beginner into these waters would be doing that person a huge disservice! They would be putting that person's assets at a huge risk and that may be all they have.
Once you've found a method that meets your particular needs, then get the first book I wrote called, "First Five Flips." This is an entertaining account of our first five flips and some of the funny things that happened along the way. It is also packed with content that will help you make a lot more on each flip and keep you from making mistakes that we made, mistakes that really cost us some substantial amounts of money. I would download that book and highlight the heck out of it and definitely heed the lessons you learn in it. There are some individual points that if that was all you learned in the whole book will put tens of thousands of dollars in your account or keep you from losing that.
There is nothing better than a successful flip. You feel so proud of what you get to pass on to someone to live in and you see an asset in your bank account that will really propel you forward financially. The opposite is true. There is nothing so depressing as to put months in on a project and either break even or just make a tiny bit of profit. Yes, you still get to pass on a nice home, so that is good, but you want to get paid for your effort. We never lost money on a flip because I had a great coach, but I can imagine that it would be just heartbreaking. Get this book, pick a method that fits for you, stick with it, and then spend 7 dollars on First Five Flips. Happy Flipping!
