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Research before Flipping

By
Real Estate Agent with Keller Williams Realty Evolution
Have you seen so many commercials about flipping properties that you have actually considered calling one of them to start collecting your millions? Flipping can be very profitable it can also be very costly. You need to look at this as an investment. The goal of every investment is to make money.

Before you go spending hundreds of dollars at seminars and tutorials, I would suggest that you go to http://flipthebook.com/ and order the book. It costs about $20 and breaks down the way you should and should not flip and gives you free down loadable check lists and financial spreadsheets that will help you if you decide to get started.

It outlines a system that is used by the writers to do there own projects. Who better to tell you what to look out for than people that have already made the mistakes.

The book covers these and many other topics:

How to search for good Flip properties
How to prospect for good Flip properties
How to build a Flip network of professionals.
How to qualify a property once you find it
How to determine how much it should cost to make it saleable
How to control the quiet costs that most first timers forget about
How to manage the work once it starts
How to find financing sources other than banks
How to present the project to these private financial groups

I assure you that after reading this book you will have a better idea if flipping is for you or not. If you want to spend hundreds after that for pep rallies and videos, that's up to you.

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