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Buy It, Fix It, Sell It: Profit!: A Comprehensive Guide to No-Sweat Money-Making Home Rehab
 
 

Buy It, Fix It, Sell It: Profit!: A Comprehensive Guide to No-Sweat Money-Making Home Rehab [Paperback]

Kevin C. Myers
4.4 out of 5 stars  See all reviews (42 customer reviews)

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Paperback CDN $23.19  
Paperback, November 1997 --  

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Product Description

Book Description

"Buy It, Fix It, Sell It: PROFIT!" offers readers with little or no background in real estate an in-depth guide to developing a high-profit, low-overhead, home-based home rehabilitation business, either on a part-time of full-time basis. Anyone interested in starting his or her own business, and especially people already active in some other part of the real estate industry, will find this guide to be indispensable Pub: 11/97.

About the Author

Kevin C. Myers is president of StreetSmart Real Estate, Inc., a diversified group of companies specializing in real estate appraisal, rehab projects, private mortgage lending and real estate education. Kevin has rehabbed numerous investment properties during his more than 20-year real estate career, specializing in single-family homes and small income units. He is an associate member of the Appraisal Institute.

Inside This Book (Learn More)
First Sentence
The world of real estate investing is vast and intricate there are many ways for the small investor to participate. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

42 Reviews
5 star:
 (30)
4 star:
 (6)
3 star:
 (2)
2 star:
 (2)
1 star:
 (2)
 
 
 
 
 
Average Customer Review
4.4 out of 5 stars (42 customer reviews)
 
 
 
 
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4.0 out of 5 stars Practical, April 26 2004
By 
J. Daily (Fort Worth, Tx United States) - See all my reviews
(REAL NAME)   
As other reviewers have said, this is written for the layman. Maps the flipping process out and tells you how to do it in easy to understand language. A great starter book. Covers what to look for, working with an R.E. agent, appraisals, foreclosures, purchasing for cash(and how to get it), using private morgage lenders(the hard stuff!),negotiating, inspection, renovation, hiring contractors, and how to sell quickly for top dollar. The final chapter delves into some more advanced strategies. I'm just now getting into "flipping" books and this is one of the best.
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2.0 out of 5 stars ONLY for the complete newbie, April 4 2004
This is the first book I've bought solely on the praise of other reviewers. It is also the first book I have ever returned in the four years I've been buying from Amazon. Wow! What a complete disappointment!

Buy it, Fix it, Sell it: Profit! should only be bought by people who have never read ANYTHING regarding buying houses, fixing them up, and selling for profit. I read the free e-book from David Whisant while waiting for this book to arrive...The e-book contained more information and went more in-depth into the topics than this book did.

I have never written a completely negative review before, so here goes: this book is well written and laid out. Having said that, I think that ten minutes spent at google will provide you with a couple of good sites that give more information than this book does.

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3.0 out of 5 stars Not bad, looking forward to a less dated edition..., April 1 2004
By 
Barry Cotton (Waterford, MI United States) - See all my reviews
This review is from: Buy It, Fix It, Sell It: Profit!: A Comprehensive Guide to No-Sweat Money-Making Home Rehab (Paperback)
Anyone spending the enormous amount of money needed to buy property can't frown at $13 for a reference book, if they can glean anything from the book. This guy definitely isn't a writer but the book did contain some good tips. Do yourself a favor and make sure you buy the newest addition - I picked up the '97 and it was extremely dated. My other issue with this book is he uses examples with very unrealistic dollar figures, even if adjusted for inflation. Do you think you're going to buy a $100,000 "handyman special" and renovate it until it's in "doll house/sparkling condition", with that renovation to include a new roof, updated baths, complete kitchen remodel, paint, carpet and landscaping...all for $9,000? Good luck. The roof alone could cost that much and certainly the kitchen is going to run more than $1800 if you're replacing cabinets; even if you were to buy the cheapest of the cheap materials and do the work yourself, in which case the end result would look cheap. To his credit, he harps on the fact that you need to do your homework and estimate all the rehab costs to build them into your offer price - but if you're new to this don't get sticker shock when your estimates for all the above items come in more in the $25,000 neighborhood. One thing I tend to disagree with is his contention that you shouldn't even consider doing the work yourself. If you're starting out and building relationships with subcontractors I think an advanced do-it-yourselfer can do almost anything, you have so many resources available to you with Home Depot, TV and the internet. The key would be getting things done quickly, so maybe farming out the time consuming and dangerous work is okay, but you can do the other stuff yourself much cheaper. Of course, after a few houses and once you've got a HVAC guy you trust, a plumber and electrician you trust and possibly drywall and paint guys you trust, you might take the advice of the book and spend your time looking for the next house.

I did find this book useful enough that I'll be buying the 2003 edition today, you just need to look at it as another resource and not the rehabber bible.

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