How To Flip Your First House:: The Beginner's Guide To House Flipping

By Jeff Leighton

Are you looking to flip your first house? Are you overwhelmed by the amount of information out there on real estate investing?

In this book, we go over a simple and practical process for successfully flipping your first house and what to watch out for along the way. 

This is a great starting guide for beginners to real estate investing who are looking to become successful in this highly lucrative business. When properly done, house flipping is a great way to build wealth and provide a full-time income no matter where you live. 

There is a lot of information on house flipping out there however in this book we have distilled it down to only the most important information so that you can succeed on your first deal. Everything in this book is practical, straightforward, and action oriented, so that you can get started in this business today!

Discover How To:

-The right, and best ways to find discounted properties in any market using 5 proven strategies

-Become a transaction engineer so that you can flip any type of deal

-Partner with the top investors in your area to flip your first house

-Transition from your first deal all the way up to building a successful flipping business

-How to build a dream team of contractors, real estate agents, lenders, and more

-Avoid the top mistakes most new investors make

-The quickest way to tell if its a good deal or not

-10 house flipping hacks that will save you time and money

-And MUCH MORE

How To Flip Your First House is a great way to start your real estate investing journey and will open your eyes to the possibilities out there to making money in house flipping.

• Language: English
• Publisher: Jeff Leighton
• Release date: Mar 13, 2018
• ISBN: 9781980540014

Book preview

Author

Author’s Note

This book contains additional resources that I use on a daily basis as a real estate investor. Since I could not physically include these in the book, they are all available to download for free on my website www.jeff-leighton.com. That includes my deal analyzer, repair estimator, example contracts, marketing pieces that I use, recommended resources, helpful videos, and much more.

Introduction

This book will help you flip your first house – fast. Whether you’ve looked at a few properties already or not, this book is a recipe for your first successful flip. Believe it or not – there is a process and a formula to flipping houses that can be followed by anyone. There is a system behind this business and a system behind doing your first deal.

Over the last several years I have flipped numerous houses and worked with some of the top real estate investors in the world. I have implemented the secrets they shared with me into my own business.

This is not a theory book. Everything in here has been tested by myself or an investor friend whom I know, like, and trust. I have seen numerous part-time investors make the transition to full-time after learning these strategies. In this book we will go over real-life examples and a step-by-step process to make sure your first flip is a success. That will then open the doors to more flips and even to quitting your job and doing this full-time.

Flipping is one of the oldest businesses in the world: buying an asset at a low price, fixing it up, and then selling it at a higher price. You can see this business model in nearly any industry since the beginning of time.

The business will always be around because there will always be motivated sellers, no matter what the economy is doing or what a CNN or Fox News headline says. At any given point you go to any city in America and find renovated properties by investors, many of whom are just regular people who have learned how to find deals, fix houses, and make large profits doing so.

The great thing about getting into this business and doing your first flip is that you can start part-time and eventually, after you have done a couple of successful flips, then transition into a full-time real estate investor. In this book we just focus on your first flip, although the income potential in this business is unlimited. I know some people that flip a couple of houses a year, and some that do several a month and then move up to larger-scale projects and luxury flips. It’s completely up to you.

Each chapter contains action steps that you can implement in your own business. The more action you take, the faster you will see results and the sooner you can complete your first successful flip. In the next chapter I’ll start by telling you the very first thing you need to do to ensure a successful flip.

Chapter 1

Get Educated With Insider Information

The most important thing you need to do before getting into real estate investing and flipping your first house is becoming educated. Now, the great thing about flipping houses is that you do not need any type of formal degree like a college or master’s degree. In fact, looking back on what I know now, I would have spent my college years learning the specialized information about house flipping and not the general info you learn in college. There are several ways to learn this specialized info, all of which I have done and listed below.

First of