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Synopsis
Generate instant cash profits by finding and buying bargain properties, then rapidly reselling them for a profit. Learn how to find and buy bargain properties, then rapidly resell ("flip") them for a profit, without a large cash outlay, a perfect credit record, or even a real estate license.
It's estimated that real estate has made more millionaires than any other financial vehicle. In Flipping Properties, veteran real estate investors and workshop presenters William Bronchick and Robert Dahlstrom explain how to find and buy bargain properties, then rapidly resell ("flip") them for a profit, without a large cash outlay, a perfect credit record, or even a real estate license. Designed as a guide for both experienced and beginning investors, they offer strategies for locating and negotiating deals on profitable properties, as well as renovating, financing and selling those properties for a healthy cash profit.
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About the Author
William Bronchick collaborates on real estate investing workshops and has worked on numerous investment deals. Bronchick, who since 1994 has served as president of the Colorado Association of Real Estate Investors, is a licensed real estate attorney, the author of several books and articles about real estate investing, and a frequent media spokesperson about that subject.
To learn more about William Bronchick, visit his website at www.legalwiz.com .
From Booklist
Bronchick and Dahlstrom, real-estate professionals, teach readers how to recognize and analyze the risks inherent in investing in bargain properties, as well as the profit potential that exists in renovating and reselling such properties for cash. Known as "flipping," this strategy includes finding, buying, renovating, and rapidly reselling a property to reap a healthy profit. The first two chapters address the major elements of flipping and present the mechanics of real-estate transactions, and chapters 3 through 5 consider identifying and purchasing bargain real estate. In the remainder of the book, the authors review such issues as renovation, financing, sales strategies, and legal and tax issues. In the appendix, they offer advertising tips, sample forms, and state-by-state foreclosure guides. Although this book is a helpful roadmap and possibly intended as a textbook for Bronchick's real-estate workshops, someone considering such business activities would be well advised to research several sources to thoroughly understand the risks and responsibilities. Mary Whaley
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- PublisherDearborn Trade Pub
- Publication date2001
- ISBN 10 0793144914
- ISBN 13 9780793144914
- BindingPaperback
- LanguageEnglish
- Number of pages214
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