Jason’s Ranting & Raving

Those who don’t read have no advantage over those who can’t.

Book Review: FLIP: How to Find, Fix, and Sell Houses for Profit

Posted by jaystile on November 19, 2008

Originally Posted: Tuesday, October 02, 2007

I also finished reading “FLIP: How to Find, Fix, and Sell Houses for Profit ” by by Rick Villani (Author), Clay Davis (Author), Gary Keller (Foreword). My mom bought me it as a birthday gift, thanks Mom! This book is a step by step guide to flipping houses. I believe there is a lot of useful information in there. It reads a bit like stereo instructions, but it has some nice asides regarding the “Millionare: Real estate investment club” the fictional group of house flippers with their successes and mistakes. There are a lot of things that need to be accounted for when flipping houses. It is not as straightforward as the TV shows make it seem. There are a lot of hidden costs associated with carrying the house, like taxes, 3-4mths mortgage payments, closing costs on the buy and sell, insurance, etc. Most of the TV shows show the purchase price, the improvement costs, and the selling price and ignore all these ‘quiet costs’. So if you’re going to try and flip a house this book is worth a read.

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One Response to “Book Review: FLIP: How to Find, Fix, and Sell Houses for Profit”

  1. Thank you for your book review of FLIP: How to Find, Fix, and Sell Houses for Profit. We appreciate you sharing your opinion and doing the research needed to fairly evaluate the book. We have seen fit to link to this article in our independent FLIP reviews section. Anyhow, Keep up the good work spreading truth.

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