FIND IT, FIX IT, FLIP IT!
MICHAEL CORBETT is currently the real estate, home, and lifestyle host of TVs number-one news magazine Extra , and is host/producer of Extras Mansions & Millionaires , the hour-long weekend series that takes viewers on a sneak peak of the extraordinary mansions, yachts, and hobbies of the rich and famous.
This TV star turned real estate entrepreneur has been buying, renovating, and selling homes for more than fifteen years. His company, Highland Properties, has bought, restored, and sold dozens of homes and apartment buildings. Having personally flipped over thirty homes, this home expert is regularly featured on CNN and HGTV.
In addition to his current hosting and producing projects, Corbett has made his mark in daytime television. Voted Daytimes Most Lovable Cad by People magazine for his red-hot starring roles in three different soap operas, he first starred for three years on Ryans Hope for ABC, next for four years on Search for Tomorrow for NBC, and then for eight years, known as the sexy womanizer David Kimball, on The Young and the Restless , the CBS number-one daytime ratings grabber in the United States, Canada, and Europe.
Corbett has hosted and been featured on the Discovery Channel, HGTV, Live with Regis , Geraldo, The Montel Williams Show , and S ally , and has appeared in People magazine, Newsweek , and the Los Angeles Times , among others. Corbett also coproduced and hosted two seasons of Foxs successful Home Restoration and Remodeling Show , which featured many of Corbetts own renovation projects. He has also hosted the E! Network series Soap Dish , CBSs Action News L.A. , and numerous specials and cable projects.
Corbett recently concluded an enormously successful collaboration with HSN, where he premiered his Michael Corbett Collection of home improvement products sold exclusively on HSN. As HSNs Home and Lifestyle expert, he provided personally selected home products that Create a Lifestyle That Leaves You Time for Your Life!
Visit his Web site: www.MichaelCorbett.com
FIND IT, FIX IT, FLIP IT!
Make Millions in Real EstateOne House at a Time!
Michael Corbett
A PLUME BOOK
PLUME
Published by Penguin Group
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Penguin Books Ltd., Registered Offices: 80 Strand, London WC2R 0RL, England.
First published by Plume, a member of Penguin Group (USA) Inc.
Copyright Michael Corbett, 2006
All rights reserved
Illustrations on pages 7, 112, 113, 179, 185, 240, 275, 316, and 317 by Mindi Meader.
REGISTERED TRADEMARKMARCA REGISTRADA
LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA
Corbett, Michael, 1960
Find it, fix it, flip it!: make millions in real estateone house at a time / Michael Corbett; photography by Rand Larson.
p. cm.
ISBN: 978-1-1012-1940-9
1. Real estate investment. 2. House buying 3. House selling. 4. Real estate business. I. Title.
HD1382.5.C68 2006
332.63'243dc22 2005053491
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ACKNOWLEDGMENTS
I want to thank everyone involved in bringing this book to life.
Trena Keating, editor in chief of Plume, had a vision for this book when it was still in outline form on my desk. Her enthusiasm and support has made the writing a pleasure. From our very first meeting over lunch, Bonnie Solow, my literary agent, has been wise, wonderful, grounded, visionary, and nurturing.
I have been so blessed to combine my two passions in lifereal estate and televisioninto one career. Lisa Gregorisch Dempsey, the executive producer of Extra and Extras Mansions & Millionaires , has been such a supporter and mentor for me. To her I owe enormous thanks. Warren Coulter is my business partner and friend. He constantly challenges me to be better, and for that I am grateful.
Writing a book involves an incredible amount of work, and Denise Osso has been amazing throughout the entire process. Also, I owe so much of my real estate success over the years to two remarkably talented experts, Steven Wilder, and Brian Hatch.
For their constant love and support, I thank Cheryl ONeil, Greg Wildman, and especially my mother, a remarkable woman who is incredibly talented in her own field and has been ever-encouraging for my entire life.
And finally, I would like to dedicate this book to my late father, a voracious reader, scholar, and aficionado of the written word. I think he would have been very proud of this book.
INTRODUCTION
Are you a homeowner who wants to maximize the biggest financial investment you will make in your lifetime? Do you want to learn how to flip your way to financial freedom, to create a lucrative secondary revenue stream whether the real estate market is up or down? Do you long to own your own home but think the market has passed you by? Are you afraid you will never be able to fulfill your dream of home ownership, let alone own the home of your dreams? If you said yes to any of the above, then Find It, Fix It, Flip It! is your road map to making millions in real estateone house at a time!
Find It, Fix It, Flip It! is a blueprint for your financial independence. It will teach you a long-term plan that will give you the financial security you want, deserve, and can attain. Its all here: the techniques, real estate secrets, and insider tips I have used and profited from to create my own financial success, by flipping houses starting with a $10,000 investment that I built into millions of dollars of real estate.