Flipping Properties [Paperback]

Bronchick and Dahlstrom, real-estate professionals, teach readers how to recognize and analyze the risks inherent in investing in bargain properties, as well as the profit potential that exists in renovating and reselling such properties for cash. Known as "flipping," this strategy includes finding, buying, renovating, and rapidly reselling a property to reap a healthy profit. The first two chapters address the major elements of flipping and present the mechanics of real-estate transactions, and chapters 3 through 5 consider identifying and purchasing bargain real estate. In the remainder of the book, the authors review such issues as renovation, financing, sales strategies, and legal and tax issues. In the appendix, they offer advertising tips, sample forms, and state-by-state foreclosure guides. Although this book is a helpful roadmap and possibly intended as a textbook for Bronchick's real-estate workshops, someone considering such business activities would be well advised to research several sources to thoroughly understand the risks and responsibilities. Mary Whaley
Copyright © American Library Association. All rights reserved

Real estate investing has historically been one of the most consistent ways to achieve great wealth. Focusing on proven strategies for buying and selling properties quickly, (also called "flipping,") Flipping Properties offers would-be investors the details on how to generate cash from this popular real estate investment method.

The authors outline a step-by-step process for generating cash flow, with or without a stellar credit record, large sums of cash, or a real estate license. Guidelines help tailor a practical investing game plan for both experienced investors as well as beginners. To make a solid start, the authors reveal the essential elements of real estate transactions as well as the basics of what makes "flipping" such an appealing way to invest in real estate.

Covering pre-purchase through closing and beyond, Flipping Properties is a complete reference that also includes legal forms, sample contracts, hands-on checklists and sample advertising and marketing materials designed to get properties to sell. At the heart are practical strategies to buy bargain properties, then rapidly resell them for cash profit.

William Bronchick -- William Bronchick, licensed as an attorney in New York and Colorado, has been practicing law and investing in real estate for ten years. Since 1994 he has served as president of the Colorado Association of Real Estate Investors. A popular presenter and workshop speaker, he has created numerous real estate investing seminars offered nationwide. His articles have appeared in publications such as the Denver Business Journal and Creative Real Estate Magazine. Robert Dahlstrom -- Robert Dahlstrom, a full time investor and real estate broker, has worked with William Bronchick on numerous investment deals. Having built houses and duplexes from the ground up, he is an expert in estimating expenses involved in rehab properties.