I am currently fix and flipping 9 houses and it can be a little stressful at times! However, those 9 fix and flips should make me close to $300,000 once I get them repaired and sold. The income I make from fix and flips along with my real estate sales has allowed to me to buy 11 rental properties and a Lamborghini Diablo. It is not easy to get to a point where I can flip 9 houses at a time and it did not happen overnight. It took me a long time to build up a business where I could borrow a lot of money from banks, and I had enough of my money to cover the costs associated with fix and flipping. I have learned a lot over the last 13 plus years, and I am sharing my knowledge on fix and flipping in my book Fix and Flip Your Way to Financial Freedom.
How hard is it to get started fix and flipping?
Fix and flipping is not easy and it is not something that will make you rich working a couple of hours a week. You need to dedicate a lot of time to learning your market, finding deals, building a team, getting financing, saving money and deciding what to repair. The first flips are usually a reality check for most people in how much work is involved in fix and flipping. Just like anything new, most people are not going to be good at it until they have personal experience. This book will reduce the learning curve when learning to fix and flip homes and will provide insight on how to build a big fix and flipping business.
How much money can you make fix and flipping homes?
I may make $300,000 on the 9 flips I own now or I may make $200,000 if a few things go wrong. Do not come into fix and flipping expecting to make $50,000 or $100,000 on each fix and flip. It happens, but it is very rare and usually the properties that produce big profits are the riskiest properties. If you want to fix and flip a few homes a year, I think a $25,000 profit on each flip is a realistic figure if you know what you are doing. It is also possible to lose money on a fix and flip, which I have done a couple of times. Sometimes my after repaired value was off, or my repair figure was low or something prevented the house from selling that was completely out of my control.
What is included in Fix and Flip Your Way to Financial Freedom?
Fix and Flip Your Way to Financial Freedom is my longest book by far. The book is 176 pages long and includes information on the following:
- How to find fix and flips
- How to finance fix and flips
- How to repair fix and flips
- How to find contractors
- How to make the most money flipping
- What are the best houses to flip
- The costs involved in fix and flipping
- The profit in fix and flipping
- How to determine if you can flip a house
I also included a few bonuses in the book that will help people see exactly how I fix and flip homes:
- My last 20 fix and flip purchases; how I bought them, where I bought them and what I sold them for if they have sold
- Case study on a fix and flip with detailed numbers and the projected and actual profit I made
- How my fix and flip business has progressed this year
How can you buy Fix and Flip Your Way to Financial Freedom?
The book is $5.99 and available at Amazon as an eBook for the Kindle or any mobile device or computer here. There are many free apps available that will read Kindle eBooks on your smart phone or computer if you do not have a Kindle. You can also buy a PDF of the book in the InvestFourMore store here.
New sale on my other books
- How to Buy Real Estate Below Market Value. This book is $7.99 and contains information on how I buy rental properties and fix and flips below market value including all the tips and tricks I have learned to get a deal in the last 13 + years.
- How to Make it Big in Real Estate. This book is $6.49 and has great information on how I have been able to run a real estate team of ten and sell over 200 houses a year with that team. This books includes the benefits of becoming an agent and the best ways to get started as well as how to market and sell more houses.
- How to Get Financing on Multiple Investment Properties. This book is $6.99 and explains how I have been able to finance more than ten rental properties and up to 9 fix and flips at one time.
- Retire Rich and Early With Real Estate. This book is $6.99 and is all about rental properties and why they are such an awesome investment. It gives tips on what to look for in rental properties and how to make the most money with rental properties.
More products from Invest Four More
Don’t forget I have a couple of larger products available as well that include coaching from me. The Complete Blueprint for Successful Real Estate Investing and The REO and BPO Starter Kit. If you have any questions on any book or product please e-mail me at Mark@InvestFourMore.com.