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Find It, Fix It, Flip It!: Make Millions in Real Estate--One House at a Time Paperback – Jan 31 2006

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Harry Potter and the Cursed Child
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Product Details

  • Paperback: 352 pages
  • Publisher: Plume (Jan. 31 2006)
  • Language: English
  • ISBN-10: 0452286697
  • ISBN-13: 978-0452286696
  • Product Dimensions: 13.9 x 2 x 21.4 cm
  • Shipping Weight: 340 g
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #192,614 in Books (See Top 100 in Books)
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Product Description

From Booklist

Much has been written about real estate these days, from inflated prices to the softening of the market. It can be difficult to sort the good from the bad, the reality from the hyperbole, but Corbett, television host and actor, manages to relay practical use-it-now information. What's his gig? Insider-type information and established methods that will drive successful deals. His hints include controlling every step of the process; including a closet for each room legally to be considered a bedroom; upgrading to high-tech digital thermostats; and avoiding FSBOs (for sale by owners). Before-and-after photographs enliven a fairly high-powered text, as do a bundle of flip tips and trade secrets. Occasionally, self-help verbiage creeps in, such as "give yourself the power to accomplish anything you set your sights on." Otherwise, chock-full of value-added information--enough, perhaps, to overcome a saggy real-estate venture. Barbara Jacobs
Copyright © American Library Association. All rights reserved

About the Author

Michael Corbett has been a household name to television viewers for nearly twenty years, starring as “Daytime’s Most Lovable Cad” (People) on The Young and the Restless. Having personally flipped over thirty homes, this home expert is regularly featured on CNN and HGTV, where he has an eponymous line. As host/producer of Extra’s Mansions and Millionaires, Corbett is watched by 17.5 million viewers a week.

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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: HASH(0x9cd67e4c) out of 5 stars 93 reviews
33 of 33 people found the following review helpful
HASH(0x9d2e7708) out of 5 stars Inspiring and informative July 5 2006
By W. E. Head - Published on Amazon.com
Format: Paperback
I was overwhelmed with choices when I went looking for a book on house flipping. There are so many out there that it's hard to tell which book will be better than another. So, in all honesty, my friend convinced me to buy this book because of the "good looking guy on the cover". Not very scientific, but what a great choice it turned out to be. Once you get passed the "infomercial" feel of the beginning, the book is loaded with helpful information: How to chose a house; what formula to use to determine if the house can be profitable; making the deal; staging the finished house; color choices; curb appeal; re-sale strategies... The list goes on and on.

I highly recommend reading several book on the subject (do your homework) before entering into what is a risky endeavor and this book should be at the top of your 'must read' list.
130 of 146 people found the following review helpful
HASH(0x9d2e775c) out of 5 stars About what I expected Nov. 14 2006
By Kelly H - Published on Amazon.com
Format: Paperback
I am a licensed Realtor in the state of Minnesota. I have never personally flipped a house but have sold several fixers to clients and have renovated the home I live in. I read this book hoping to get some good ideas so I can get more involved in real estate investing. Overall the book did have some good information, and I felt the best parts were mostly on staging and decorating. As other readers mentioned it was a really quick read. The reasons I didn't rate it five stars are:

1) I don't live in California and the book was too specific to California. I would've liked some examples of properties outside of La La Land where values aren't so ridiculous and the profits so unrealistic.

2) The author uses way too many exclamation points! The title is just one example! Overused exclamation points make the tone of the book seem more like a motivational book! Repeat after me: "I can successfully flip homes for a living if I put my mind to it! I will be a wealthy and successful real estate investor someday!"

3) At least half of the book didn't pertain to flipping and just discussed a lot of general homebuyer info. Again, this is good if that's what you're looking for. I wasn't and found myself skimming those sections. He also could've been a little more generic in description because in many states we don't close in escrow, we sign disclosures before an offer is accepted, and inspection and financing contingencies work a little differently than he explains.

3) Pretty sure Coldwell Banker Burnet paid him to plug them so often in the book. Using an agent is essential for many people, but what if you decide to do this full time... wouldn't it really be worth it to get a license and save yourself the commission on both sides? In some states where the profit off these flips is much lower, saving thousands on the commission is huge. I get that he's writing about his experience and what's worked for him, but he doesn't even mention the possibility.

4) Holy ego. He name drops, tells us how he has broken comps on every house he's flipped, and makes it seem like he's doing us a favor by writing this fantastic book full of his secrets.

5) I would've liked a few more horror stories with information on how to salvage your profit if a serious issue comes up after you own the house. Flipping is not as easy as he makes it seem. Although maybe he did address this and the exclamation points and overly enthusiastic language distracted me.

Again I did really like some aspects of this book and will definitely utilize some of the checklists and tips if I decide to flip a house. Like most other "make millions in real estate" books, there are a few things I will takeaway and a bunch of crap I will forget.
79 of 87 people found the following review helpful
HASH(0x9d2e7b94) out of 5 stars Fantastic, easy to read, complete book on flipping March 31 2006
By Shane A. Brewer - Published on Amazon.com
Format: Paperback
"Find It, Fix It, Flip It" is an excellent book about the lucrative market of flipping real estate. Author Michael Corbett splits the book into 3 specific, logical chucks, specifically finding a flip candidate, how to go about fixing the property, and finally "flipping" it for profit.

The first section on finding flip worth properties was excellent. Michael does a very in-depth job of describing all of the different aspects of locating a property, performing analysis on the property to see if it could be profitable, creating a team, and surviving escrow. I was especially impressed with his profit calculator

Part two focuses on the repairs and renovations involved with the flip. The author does a fantastic job of splitting up all the various renovations that can be potentially done with the renovations that will result in profit upon sale of the property. I absolutely loved his sections on lifestyle upgrades, essentially renovations that will attractive a higher price due to the lifestyle the home gives.

Part three finishes up with the final flip. Here the focus is on dressing the home to attract buyers and create a warm atmosphere, and finally selling the house. Again I was very impressed with the ideas and lists that author Michael Corbett came up with.

In all, this was my first book on flipping, but I might not have to pick up any others. The lists and forms are fantastic and the book is complete. I highly recommend this book to the novice and the experienced flipper alike. 5 out of 5 stars.
31 of 32 people found the following review helpful
HASH(0x9d2e7f54) out of 5 stars Bam@ Emeril June 22 2006
By Emeril@Bam - Published on Amazon.com
Format: Paperback
This is an honest little book, outlining and providing you with information that the trade shows and REI trainers don't tell you. The only concern that I have is that profitable properties under the scenario described in this book are not that common to find, and if they are, the lots alone go for 200 to 300k or more. You probably need not look in most average subdivisions as the potential price appreciation could not support the model. I suspect that you will have to find a careful set of circumstances like he has in the California market where the profit potential is large. Having said that, I currently hold title to 10 properties and have done remodelling on others that I later sold. But I believe that the information contained in this book will allow me to "step it up a notch" to the next level of profitability. At worst, it is another arrow in your investing quiver.
25 of 25 people found the following review helpful
HASH(0x9cda4054) out of 5 stars Excellent Reference Book July 15 2006
By Virginia B. Youngblood - Published on Amazon.com
Format: Paperback
This book is of value to the beginner or the experienced buyer. The best advice in the book is to assemble a winning team of experts to assist you in making a property flip. In my opinion, the book gives enough basic knowledge for you to be able to talk to, and understand, what your experts are saying to you. The book also helps you to let your experts know that you know their trade well enough to know how much useful information they are providing. I would like to see some blank pages in the back of the book so notes can be made. There isn't any book which contains all there is to know about purchasing properties. This book, however, makes an excellent starting place.