The Complete Guide to Flipping Properties

For individuals interested in buying single-family houses in need of various degrees of repair, making the required repairs and reselling them at their newly increased value, this resource helps investors identify opportunities and close the deal.

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The total step-by-step guide to making a killing buying and selling rehab properties Here is the ultimate guide to one of the most successful real estate investment schemes to emerge over the past two decades. Known variously as "flipping," or "rehabbing," it involves buying residential properties, increasing their value by performing necessary repairs and other enhancements, and reselling them at a substantial profit. Expert Steve Berges schools readers in all practical aspects of flipping. Investors learn to identify opportunities (or "diamonds in the rough"), analyze a property's real value, seek out and obtain the best financing alternatives, negotiate the sale, and close the deal. Readers also learn about several proven exit strategies which enable them to sell off their investments for maximum profit. Steve Berges (Lake Orion, MI) is a successful real estate investor specializing in creating value through various real estate mechanisms, including single-family homes, apartment complexes, and the development of single-family housing communities.
He is also the author of the popular The Complete Guide to Buying and Selling Apartment Buildings (0-471-43639-9), also available from Wiley.