What do you think?
Rate this book
Flipping Houses QuickStart Guide: The Simplified Beginner’s Guide to Finding and Financing the Right Properties, Strategically Adding Value, and Flipping ...
THE ULTIMATE BEGINNER’S GUIDE TO LEARNING HOW TO FLIP HOUSES IN 2024 – 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 Current or new homeowners who want to create an additional income streamCurrent or new real estate investors looking for a quicker return on investmentNine-to-five professionals looking for a second career as their own bossAnyone, 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 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 House Flipping Fundamentals, Including How to Find, Finance, and Flip Great Properties for ProfitHow to Evaluate Properties, Spot Red Flags, Lock In Winning Properties, and Navigate the Real Estate MarketHow to Add Value to Properties by Renovating on a Budget and Maximizing ReturnsHow 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!
QuickStart Guides are books for beginners, written by experts.
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 Current or new homeowners who want to create an additional income streamCurrent or new real estate investors looking for a quicker return on investmentNine-to-five professionals looking for a second career as their own bossAnyone, 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 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 House Flipping Fundamentals, Including How to Find, Finance, and Flip Great Properties for ProfitHow to Evaluate Properties, Spot Red Flags, Lock In Winning Properties, and Navigate the Real Estate MarketHow to Add Value to Properties by Renovating on a Budget and Maximizing ReturnsHow 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!
QuickStart Guides are books for beginners, written by experts.
446 pages, Kindle Edition
Published July 7, 2022
26 people are currently reading
11 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 3 of 3 reviews
August 8, 2022
This will be a very good guide for a very specific reader -- you need to have access to a LOT of money. Covington suggests getting a loan (bank or investors) to purchase a house for several hundred thousand to a million + dollars, then investing a whole lot more money (usually $100,000 to $250,000 more in her case) to hire people to gut it, remodel it, stage it, take professional photographs and list it. She uses other people for all of this -- agents, photographers, staging companies, general contractors, etc.
This is not a do-it-yourself kind of book for buying a really cheap house, doing the work yourself, and then selling it. This is fundamentally an investment book -- find cheap houses in very desirable locations (she is in San Francisco) and then spend a huge amount of money to make it into a really extravagant home and sell it. Then repeat. She has done this for over 40 houses and obviously had access to masses of money to start. She convinces people to invest in her and she also takes out loans, but since she makes hundreds of thousands of dollars on a single home (she buys and sells homes that are in the millions of dollars each), she easily has the ability to borrow these enormous amounts of money. She is also able to call it a good "learning experience" when she ends up losing $80,000 on a house.
Our family buys homes but it's not to flip. We have helped our grown kids buy their own properties for almost no money because we find neglected old houses and help the kids buy them with cash and fix them up themselves. We can't afford to pay for them to go to college but in our little town, houses are way cheaper than college. We got the first for $4,000 (and we moved to this tiny town to begin with because we bought our own large house for $2,000 almost 30 years ago). Lately, wannabe house flippers and landlords have been buying the cheap properties up trying to make a bunch of cash off of them, so it's getting really hard for working class families to find the fixer-uppers here. I couldn't help but kind of hate Covington for teaching people who already have lots of money to buy up houses that working class people could afford in order to turn them into fancy houses for other rich people.
If you do have access to millions of dollars in loans and want to do this to make more money, the book is a very good guide. This book is clearly written for people who either have a lot of money or who are natural born hustlers and salespeople who can convince other people to part with their money. For ordinary people, there's not much here.
I read a temporary digital ARC of this book for review.
This is not a do-it-yourself kind of book for buying a really cheap house, doing the work yourself, and then selling it. This is fundamentally an investment book -- find cheap houses in very desirable locations (she is in San Francisco) and then spend a huge amount of money to make it into a really extravagant home and sell it. Then repeat. She has done this for over 40 houses and obviously had access to masses of money to start. She convinces people to invest in her and she also takes out loans, but since she makes hundreds of thousands of dollars on a single home (she buys and sells homes that are in the millions of dollars each), she easily has the ability to borrow these enormous amounts of money. She is also able to call it a good "learning experience" when she ends up losing $80,000 on a house.
Our family buys homes but it's not to flip. We have helped our grown kids buy their own properties for almost no money because we find neglected old houses and help the kids buy them with cash and fix them up themselves. We can't afford to pay for them to go to college but in our little town, houses are way cheaper than college. We got the first for $4,000 (and we moved to this tiny town to begin with because we bought our own large house for $2,000 almost 30 years ago). Lately, wannabe house flippers and landlords have been buying the cheap properties up trying to make a bunch of cash off of them, so it's getting really hard for working class families to find the fixer-uppers here. I couldn't help but kind of hate Covington for teaching people who already have lots of money to buy up houses that working class people could afford in order to turn them into fancy houses for other rich people.
If you do have access to millions of dollars in loans and want to do this to make more money, the book is a very good guide. This book is clearly written for people who either have a lot of money or who are natural born hustlers and salespeople who can convince other people to part with their money. For ordinary people, there's not much here.
I read a temporary digital ARC of this book for review.
August 4, 2022
Step one— get a couple hundred thousand to a million dollars to buy a beat up house in a big city where everyone wants to buy. Step two— get another couple of hundred thousand to pay people to gut it, open up the floor plan and fill it with features like hardwood floors and granite counters. Step three— sell it. Repeat. Develop relationships with agents and people who will lend you millions of dollars. Here are some charts and checklists. Pretty much sums it up. Will work fine if you have access to millions of dollars or at least several hundred thousand.
ARC read via Net Galley.
ARC read via Net Galley.
August 8, 2023
I absolutely LOVED this book and it is such an EMPOWERING resource for anyone to get started in house flipping! The author, Elisa, goes through all the steps you can think of to flip a house. Such a high value book condensed with all the knowledge she has gained through flipping many homes.
Elisa helps you get over limiting beliefs or obstacles to flipping by addressing each one with examples, case studies, data and strategies. You'll learn big picture topics like the real estate market over time to details like what paint color she prefers!
I'm super motivated to take massive action after reading this book! Such a gold-mine for aspiring flippers and real estate investors! She doesn't hold anything back and discloses everything about how she has created her success and how anyone can too. So grateful to this author!!!
Elisa helps you get over limiting beliefs or obstacles to flipping by addressing each one with examples, case studies, data and strategies. You'll learn big picture topics like the real estate market over time to details like what paint color she prefers!
I'm super motivated to take massive action after reading this book! Such a gold-mine for aspiring flippers and real estate investors! She doesn't hold anything back and discloses everything about how she has created her success and how anyone can too. So grateful to this author!!!
Displaying 1 - 3 of 3 reviews