Flipping Houses QuickStart Guide - by Elisa Zheng Covington (Paperback)

About the Book

Flipping Houses QuickStart Guide is packed with actionable insight that applies to nearly any real estate market, regardless of whether that market is up or down.

Book Synopsis

THE ULTIMATE BEGINNER'S GUIDE TO LEARNING HOW TO FLIP HOUSES - INCLUDES A COMPREHENSIVE ONLINE LIBRARY OF HOUSE FLIPPING TOOLS AND TEMPLATES!

What could flipping just one house a year help you accomplish?

House flippers are real estate investors who don't believe in waiting years to turn a profit. For decades, fix-and-flip strategies have been the number one way to capitalize on the fluctuating housing market with minimal investing experience or little to no cash on hand.

As a real estate investor, developer, and influencer, author Elisa Zheng Covington, MBA, knows exactly what it takes to find great properties, minimize risk, and turn a profit quickly.

Drawn from her extensive experience in profitably fixing and flipping homes in a high-competition market, Flipping Houses QuickStart Guide is packed with actionable insight that applies to nearly any real estate market, regardless of whether that market is up or down.

Whether you want to house flip as a side hustle or are starting a new career, you can use the guidance found in this book to buy, fix, and flip your first, fifth, or fiftieth property with less cash, less time, and less effort than you might think!

Flipping Houses QuickStart Guide is perfect for:

• Current or new homeowners who want to create an additional income stream
• Current or new real estate investors looking for a quicker return on investment
• Nine-to-five professionals looking for a second career as their own boss
• Anyone, even someone with minimal investing experience or cash on hand, who is interested in the financial independence house flipping can provide

Flipping Houses QuickStart Guide Explains:

• How to Scout and Analyze Properties - A profitable flip starts with a great property. Learn how to set yourself up for success by starting with properties that have potential and learning how to shop for properties in nearly any market.
• How to Fund Your Flips - You can start flipping houses with less cash on hand than you might think. Learn how to find, secure, and use financing to add value to properties.
• How to Lock In Returns - Learn how to list, stage, and sell your flips to motivated buyers fast.
• How Rewarding House Flipping Can Be - Money aside, successful flips have the potential to improve neighborhoods, increase surrounding property values, and provide a home that individuals, couples, or families can fall in love with.

You Will Learn:

• House Flipping Fundamentals, Including How to Find, Finance, and Flip Great Properties for Profit
• How to Evaluate Properties, Spot Red Flags, Lock In Winning Properties, and Navigate the Real Estate Market
• How to Add Value to Properties by Renovating on a Budget and Maximizing Returns
• How to Cash Out Your Flip, List Your Property, Entice Motivated Buyers, and Close the Sale How to Reduce Your Tax Liability, Manage and Minimize Risk, Build a Flipping Business, and More!

*LIFETIME ACCESS TO FREE HOUSE FLIPPING DIGITAL ASSETS!*

Review Quotes

"A comprehensive how-to manual on the business of buying and reselling houses for profit.

Debut author Covington, a veteran real estate investor and developer who attests to seven-figure yearly profits, provides a wide-ranging tutorial aimed at eager but apprehensive novices. This latest entry in the QuickStart series covers all the basics, including getting in on deals with the help of real estate agents, whom she recommends as an indispensable source of leads; financing purchases with a mix of standard and offbeat sources, from mortgages to credit cards to money from investment-club members; and assessing the quality of a property and the repairs needed to bring it up to market value. She also discusses scoping, budgeting, and overseeing renovations; selling a renovated house with specialists such as "stagers," who supply furniture and décor to provoke an "emotional attachment" from prospective buyers; and structuring one's business enterprise to take advantage of tax loopholes. Beneath the broad outlines are a wealth of insider tips regarding such topics as paint colors (Covington is partial to "neutral, modern shades such as gray or cream" for interiors), scripts for cold-calling real estate agents, and red flags regarding shifty contractors: "Do they talk a lot and promise you the moon, or do they speak conservatively, laying out all the downsides and risks?" All this information is clearly organized with helpful charts and diagrams, checklists, and an appendix of sample contracts and other necessary documentation. The author brings all this to life with entertaining stories about her own flipping triumphs and pratfalls, complete with expense figures and bottom lines. Overall, Covington conveys her advice in lucid prose that's stocked with aphoristic wisdom: "You always want to purchase the worst house on the block for your flip, not the property next to the worst house!" she writes of one deal in which she paid the next-door neighbors to spruce up their exterior. Readers eyeing a plunge into real estate investing will find Covington's practical advice and street cred helpful and reassuring.

A savvy, soup-to-nuts primer full of useful information and insights."

- Kirkus Reviews