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Learning how much it really costs to flip a home is absolutely crucial to doing it profitably. Predicting the ARV proves equally important. If you know the ARV and the expenses, you can work backward to determine how much you should offer on a property. Beyond estimating expenses and values, the best books on flipping houses should also cover a range of other critical skills.
One area that all good books on how to flip a house cover is how to choose and manage your support team. Flipping houses is a team sport, not a solo one, and investors need a range of skilled team members. Whether you buy properties listed on the MLS or off-market, you still need a realtor when it comes time to sell. Contractors can be tricky to manage, especially for new investors.
- Building your team.
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Learning how to work with them and keep them on-schedule and in-budget will help you avoid costly house flipping mistakes. Thorough books on flipping houses also cover how to choose profitable markets. Not every market is created equal for real estate investing! One other critical skill as you learn how to make money flipping houses is finding deals. Strategies abound for finding good deals, and each has their own merits. The best books on flipping houses introduce you to each and help you choose the best one or two for your strengths and your market.
While this is by no means an exhaustive list, here are some of the best-reviewed and most thorough books on flipping houses to get you operational and earning money in no time. Key Takeaways and Strengths : One of the great strengths of The Flipping Blueprint is that author Luke Weber spent much of his career as a real estate appraiser, so he provides insider insights into evaluating properties and estimating ARVs.
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As the title suggests, Weber walks you through a complete house flipping business plan. Key Takeaways and Strengths : Sabi Shepherd spends plenty of focus on keeping your flips moving, to buy, renovate, and sell properties faster. Like this presentation? Why not share! Embed Size px. Start on.
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