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.
Product Description
Michael Corbett-host of Extra's Mansions and Millionaires-shares his strategies, tips, and never-before-revealed insider techniques that have helped him make a fortune in real estate.
This book is for aspiring flippers, first-time home buyers, or any homeowner who wants to create big profits and own their ultimate dream home-mortgage free! Starting with the essentials, Corbett shares how to crunch the numbers to instantly determine a house's profit potential.He then covers every step from purchase to sale:
- Get the profit-making house at the price you can afford
- Make the improvements that make you millions
- Insider secrets that save you thousands
- Take advantage of the market's ups and downs
- Sell your home tax free and pocket the profits
Filled with practical tips, illustrated with before-and-after case studies and easy to use charts and worksheets, Find It, Fix It, Flip It! offers the insider expertise needed to tap into an exciting-and potentially limitless-new source of income and financial independence.
Click Here to see more reviews about: Find It, Fix It, Flip It!: Make Millions in Real Estate--One House at a Time (Paperback)
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