A first entry for many people into the housing industry is through the purchase of a foreclosed or distressed property. These homes are often flipped for a profit and can provide a source of income for property owners. A person getting into the flipped homes market find this list of the best 10 books on flipping houses useful. While this list is useful, it is not an endorsement by JWB.
Books to Read Before Flipping a House
1. Buy & Rent Foreclosures by Joseph Neilson
Someone who plans to immediately purchase and rent a property will find this Joseph Neilson book useful. A complete book that covers section-8 homes, dealing with contractors and where to find deals all in less than 200 pages.
2. The Book on Flipping Houses by Scott and Turner
Someone who does not know where to purchase a home could get a lot of out of this resource. Topics covered are distressed homes, foreclosures and who to work with to kick start a real estate investment business in plain and simple terms.
3. The Millionaire Real Estate Investor by Gary Keller and Dave Jenks
This guide covers all the bases to learn how to purchase properties like the big boys in the housing industry. A no frills approach to learning how to buy a first home and build up momentum to earn your first million bucks.
4. No BS Real Estate Investing by Preston Ely
The author of this book is only 31 years of age although provides some good tips. The books is filled with tips and suggestions that could help a beginner get started buying homes to flip in any U.S. city.
5. FLIP: How to Find, Fix, and Sell Houses for Profit by Villani and Davis
This book is now nearly a decade old although provides every stage of the buying process. A person with absolutely no experience in the housing industry can get a great education reading this book.
6. Real Estate Investing: How to Flip a House as a Real Estate Investor by William Johnson
This book focuses on how to start a real estate investing business and build a team to manage the properties. The book deals mostly with foreclosed home buying and wholesaling properties for other brokers to earn a profit.
7. Retire Rich with Rentals by Kathy Fettke
Baby boomer investors who are getting into flipping real estate could find this book useful. The author is of the baby boom generation and guides readers how to make smart choices to build the most wealth for retirement.
In just about 300 pages, Chader and Doty provide a complete primer of the buy and hold investing process. While not geared towards straight house flippers, someone who plans to build wealth slowly with a rental home will find this book useful.
9. How To Flip A House by Brant Phillips
A single-author approach to flipping homes is provided in this guide. The author boasts deals of 60K and explains his process of how the deals were structured. This guide could be a useful portion of an investor's book collection.
10. Buy It, Rent It, Profit by Bryan M. Chavis
Learning how to be a landlord is the theme of this book by author Chavis. From evaluating a property to controlling the rent prices, this guide offers a lot of information to adults who will enter the market and structure their first deal.