The market is crappy right now, and while people think it’s a great time to buy houses, and flip them, it all depends on where you live. Some states can’t move houses for the life of them, while others are moving faster than expected. The economy will turn around sooner, or later, and if you’re looking for tips on how you can flip a house the right way, I’m going to lead you to some books, rather that giving my own advice.
Since you can’t really learn house flipping overnight, I would highly recommend that you read a few books, and study online as well to get a good feel of what you’re getting yourself into. Since these home will be rather large investments, you won’t want to buy too high, and find out down the road, you can’t even get back for what you put in.
Flipping Confidential - You may have seen this face on TV before, but Kirsten Kemp’s Flipping Confidential is one of the best sellers when it comes down to flipping houses. Her book gives you a ton of great advice. From getting started, to keep costs down during renovations. This book alone is well worth the price tag of $13.
Flipping for Dummies - What doesn’t the “for Dummies” series have? If you want straight forward answers, this is the book to read. This flipping for dummies book will show you how to secure finances, how to make a profit in a down economy, and even how to sell the house without a real estate agent.
FLIP: How to… - This Flip book written by Rick Villani, Clay Davis, and Gary Keller is a great resource if you’re looking from advice from people who have done it themselves. Having sold over 500,000 copies, the detailed step-by-step process shows you exactly how you can find the best investment property.