Flipping Properties: Generate Instant Cash Profits in Real Estate
- Book Review,
by William Bronchick
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
Copyright © American Library Association. All rights reserved
Robert J. Bruss, Tribune Media Services
"cannot be recommended too highly…on my scale of one to 10, this book rates an off-the-chart 12"
Book Description
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.
About the Author
William Bronchick -- William Bronchick, licensed as an attorney in New York and Colorado, has been practicing law and investing in real estate for ten years. Since 1994 he has served as president of the Colorado Association of Real Estate Investors. A popular presenter and workshop speaker, he has created numerous real estate investing seminars offered nationwide. His articles have appeared in publications such as the Denver Business Journal and Creative Real Estate Magazine. Robert Dahlstrom -- Robert Dahlstrom, a full time investor and real estate broker, has worked with William Bronchick on numerous investment deals. Having built houses and duplexes from the ground up, he is an expert in estimating expenses involved in rehab properties.
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