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Flipping houses is one of the most popular ways to invest in real estate and offers the potential for earning a significant amount of money in a reasonably short period of time. To clarify – this doesn’t mean that flips always run smoothly, and they very rarely happen as quickly as it might appear on some popular property flipping TV shows.
Flipping property comes with substantial risks, but as long as you’re aware of these risks and prepared to overcome them, there is no reason that you can’t earn money from flipping houses.
Given that this can be such a lucrative business investment, it’s unsurprising that there is an abundance of books out there offering advice on how you could make your fortune from flipping houses. Many of these books offer excellent informative content that could prove to be extremely valuable to you when embarking on this kind of project.
The best books on flipping houses will provide you with the knowledge you will need to identify projects that are within your budget, highly profitable, and can be completed within your desired timeframe. Of course, unexpected factors are likely to occur throughout the process, so you’ll also need to be prepared for how you can overcome these and move on from any setbacks with minimal financial damage.
Listed below are some of the top-rated books from successful authors and real estate entrepreneurs, offering extensive tips, tricks, and advice, to help you in achieving your goal of flipping houses and generating an income.
Related Reading: Real Estate Crowdfunding for Non-Accredited Investors
The Best Books on Flipping Houses
1. The Book on Flipping Houses by J Scott
J Scott is an established real estate investor and property flipper based in Washington, DC. Scott has built a highly successful business buying and flipping real estate and has condensed the specialist knowledge and tips he’s gained throughout the years into a three-part book series.
The Book on Flipping Houses is the first in the series and covers all of the ins-and-outs of flipping real estate. With more than 60,000 first-edition copies sold worldwide, the book was originally geared predominantly towards new and prospective flippers. However, in 2019 Scott revised the book and it was republished including extensive new information that goes into much greater detail and includes informative tips and advice for more experienced flippers.
In the book you’ll find advice on the most effective financial strategies, the best types of properties to invest in and their profitability, as well as advice on how to choose the best contractors, identify the best locations, and develop a clear plan, schedule and budget for your project.
Scott’s writing style is easy to follow and straight to the point, making the book extremely easy to navigate and great for referring to continuously throughout the project. The book is motivational and explains how real estate investment is a more viable opportunity than many people are inclined to believe.
Overall, a great starter book for those looking into property flipping, and one that will prove continuously useful throughout your flipping career.
2. The Book on Estimating Rehab Costs by J Scott
The second in Scott’s book series and a current Amazon number one bestseller, The Book on Estimating Rehab Costs is considered a holy-grail for new rehabbers.
Again, Scott’s extensive experience and expertise are collated into one concise, easy-to-follow guide including plenty of useful tips and advice to help readers avoid any common mistakes when it comes to the finances associated with rehabbing properties.
Included in the book, you will find useful information on how to ensure that you’re getting a good deal on the property and how to avoid potential problems or cost oversights. Scott covers inspecting your property, common renovation categories, recognizing any significant problems or red-flags in the property, choosing and hiring the best contractors for your specific project, and lots of other information regarding budgeting, minimizing costs and getting the most out of your money.
Scott maintains an accessible and digestible writing style, so although this book includes a substantial amount of specialist information, there is no need to be intimidated as it is presented in a clear, readable manner. The Book on Estimating Rehab Costs is an especially great option for those who are relatively new to the property flipping industry.
3. The Flipping Blueprint by Luke Weber
When starting out on a new career path or looking into potential investment opportunities, you’ll want to do as much research as possible and gain a clear, well-rounded understanding of the industry you are looking to enter into. Luke Weber’s Flipping Blueprint offers everything you’ll need to do exactly that – a complete guide to flipping houses including a wealth of information and advice which could prove invaluable to new or prospective property flippers.
Weber has extensive experience in flipping properties; he has flipped a multitude of properties across the United States, from small homes to entire apartment complexes. As well as real-estate investment, Weber has also spent a large part of his career sharing his expertise with other investors and flippers.
The Flipping Blueprint is Weber’s seminal guide to all aspects of buying, renovating and reselling property in the US.
Included in the book is information regarding finances and budgeting, finding suitable contractors, maximizing profits, and how best to present yourself when liaising with other investors and professionals you are likely to come across throughout the process.
The book is not extensively long and is straight to the point in its approach, but includes a wealth of valuable information. As well as this, Weber runs a Facebook page also named ‘The Flipping Blueprint’, where he and other investors and professionals share tips and information about the industry.
4. Renovating Old Houses by George Nash
If it’s older houses that you’re particularly interested in, Renovating Old Houses by George Nash is a great beginner’s guide to doing so while still maintaining the spirit and character of the property.
Nash himself is a renovation contractor with extensive practical experience in working on old houses and restoring them to their prior condition while adding in some modern touches and upgrades.
In Renovating Old Houses, Nash provides a balanced view of the process, attesting to the value of old homes and their unique qualities and providing advice and insights on how to incorporate new amenities that cater to our modern needs. He places emphasis on restoring or upholding the house’s original spirit throughout the renovation process.
The book includes information regarding common repairs, the replacement of original features, the best materials and methods to use, preventative maintenance and how to do all of this without jeopardizing the fundamental integrity of the property. George Nash provides a unique view of renovating houses and it’s clear from his writing that he is both highly skilled and extremely passionate about this subject.
Whether you’re looking to embark on a new career flipping old homes, or you’re considering purchasing an older home and undertaking a restoration project to develop your future dream house, Nash is sure to provide a wealth of information in this book that could prove invaluable to you.
5. Flip by Nick Ruiz
Nick Ruiz’s ‘Flip’ is an ‘unconventional guide to becoming a real-estate entrepreneur and building your dream lifestyle’. Marketed as a combination of self-help and business advice, the book is geared towards those who are sick of the monotonous nature of their daily lives; working a traditional nine to five job for little rewards. Ruiz aims to provide advice and tips on how anyone can get started on their property flipping career and change their life by becoming a real estate entrepreneur.
Flip covers lots of different sub-topics, including events that may be occurring within your life and preventing you from reaching your true potential. He argues that the key to success in this field is not through investing in real estate, but through making subtle changes to your daily life and mindset. The book offers advice on how to make real money from legitimate real estate deals. Ruiz himself is a self-made real-estate entrepreneur and millionaire.
As well as being incredibly useful for those new to the industry, Flip also gives more in-depth, specialist information that could prove extremely useful for more experienced property flippers looking to maximize their earnings and develop their businesses.
6. The Real Estate Rehab Investing Bible by Paul Esajian
Paul Esajian is one of the leading real estate investors and entrepreneurs in the United States. As CFO of FortuneBuilders and CT Homes, Esajian has helped to establish and build several multi-million dollar businesses throughout his career. His resume is impressive and extensive; Esajian has proven himself as a notable figure in business and real estate in particular.
It is clear, then, why his 2014 book ‘The Real Estate Investing Bible’, has received such excellent reviews and critical acclaim. Esajian has a wealth of information and experience to share with the world, and he does so in this book.
In the book, you will find advice on where and how to go about finding the best deals with the highest profitability; how to fund your projects and develop financial strategies and templates; finding the highest quality contractors for reasonable prices, and how to go about successfully selling the property, from pricing, staging and marketing.
Even if you’re not necessarily seriously considering flipping homes in the immediate future, this is a great book to read and extremely informative. Whether you choose to utilize the information or not, reading about Paul Esajian’s experiences and advice is fascinating and incredibly insightful.
7. Flipping Houses When You’re Dead Broke by Lou Vachon
If you like the idea of flipping houses and building a successful business doing so but feel that it isn’t an accessible reality for you due to lack of experience or means of investing; this could be the book for you. In ‘Flipping Houses When You’re Dead Broke’, Lou Vachon tells us how anyone can get started on their house flipping journey, regardless of these obstacles.
The model Vachon lays out is essentially a full beginner’s guide to flipping houses. He covers simple strategies for financing your project with the highest profitability without investing any of your own money. Vachon also offers his expert advice on how to recognize a good deal and carry out effective market research and analysis.
If you’re interested in flipping houses but are concerned about the prospect of losing money, this is an excellent guide for you. As well as his expertise in flipping houses, Vachon is also a skilled furniture flipper and offers numerous online courses and classes on this subject.
8. Flip Your Future by Ryan Pineda
Flip Your Future gives readers information on how to find external funding for buying and flipping properties, identifying great deals that will reap high profits, how to budget and finance strategically, where and how to find great contractors, and how to market your business carefully and effectively.
In this book, Ryan Pineda details his step-by-step guide to achieving your real estate goals. He claims that by following the advice set out in the book, you could potentially earn enough money to quit your job and acquire your dream lifestyle. These are pretty bold claims, but Pineda argues that they are absolutely achievable with his guide.
The book has received excellent widespread reviews and Ryan Pineda himself claims to have used this method throughout his career. It certainly seems to have worked for him, having made more than one million dollars through real estate investments since 2015.
One of the great things about this book is the expanse of knowledge that it provides. It is essentially a comprehensive guide covering just about everything you will need to know about getting started with property flipping. It’s worth bearing in mind, though, that Pineda’s approach might not be for everyone. He has taken many risks throughout his career and talks openly about this in his book. Even if you find his methods to be a little too bold or risky for you, he is certainly motivational.
9. The Business of Flipping Homes by William Bronchick and Robert Dahlstrom
William Bronchick and Robert Dahlstrom’s guide to flipping homes is unique in that it caters to those who wish to make a full-time career out of real-estate investments, as well as those looking to take on a property flip alongside their regular job or other commitments. This is great for those who are interested in flipping houses, but aren’t looking to quit their jobs or are a little skeptical of the profitability of their project.
In ‘The Business of Flipping Homes’, Bronchick and Dahlstrom give a well-rounded approach to flipping houses, from the initial planning stages of the project, right through to its completion. Between them, the authors have more than four decades of professional experience in this field and can offer some extremely insightful and useful advice to both beginners and experienced property flippers.
Their approach requires you to look beyond the initial investments by carefully analyzing the profitability of the project. As well as information on budgeting, planning, and the logistics of carrying out a successful flip, Bronchick and Dahlstrom also give some sound advice on marketing yourself and your business, communicating with other professionals, and utilizing your own specific talents.
Other works by Bronchick and Dahlstrom include ‘Flipping Properties’, which received critical acclaim and became a national bestseller, so you can trust that they know what they’re talking about, and they know how to effectively relay their knowledge and experience.
10. Flipping Houses for Dummies by Ralph R. Roberts and Joe Kraynak
If you’re unsure whether flipping houses is for you, consider reading ‘Flipping Houses for Dummies’ by Ralph R. Roberts and Joe Kraynak. As well as providing information about the logistics and basics of flipping houses, the book will also help you assess the potential risks and rewards that come along with the process. This book will help you determine whether or not you have the time and resources to successfully flip properties.
Flipping Houses for Dummies might not offer as much insightful wisdom or experiential knowledge as some of the others listed here, but it still gives a good overview of the process of flipping houses as well as the requirements and some useful tips and advice. It’s a good option for beginners as all of the information is laid out in an extremely straightforward and digestible format.
Flipping houses is a great way to make a substantial amount of money. It generally requires a significant investment but if it’s done well it can also reap extremely high rewards. If you’re able to invest the necessary time, money, and resources into your business it’s absolutely possible to make this a long-term full-time career and completely change your lifestyle.
By choosing one or more of the best books on flipping houses listed here, you’ll gain extensive knowledge and advice on how to successfully carry out a house flip from some of the most experienced and successful real estate entrepreneurs in the US.
Whether you’re a complete novice and have never before flipped a property, or you’re simply looking to up your game and maximize your current profits, there is definitely some valuable knowledge to be found in these books.