Paul Esajian - The Real Estate Rehab Investing Bible: A Proven-Profit System for Finding, Funding, Fixing, and Flipping Houses...Without Lifting a Paintbrush

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Copyright 2014 by Paul Esajian. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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ISBN 978-1-118-83538-8 (paper); ISBN 978-1-118-89167-4 (ebk); ISBN 978-1-118-89172-8 (ebk)

Real estate is the best thing that ever happened to me.

We face constant decisions as we grow up and learn how to allocate our time. One thing was very clear when the moment came for me to decide what I wanted to do with my life: real estate would play an integral role in my future. Everyone I knew or read about in the real estate industry seemed to have the opportunities that I desired.

I certainly knew what I did not want to do. My inner voice made it crystal clear that I would not be happy working nine to five in an office, trying to climb my way up the corporate ladder, with other people telling me when to work and what to do. I wanted to work with my friends and family and have fun on the path to my personal and financial goalsand I felt that I could create this reality. This is what initially interested me in investing in real estatespecifically rehabbing real estate as a residential redeveloper. I knew I wanted to focus my time, energy, and resources on what I wanted to do.

This book will not offer a get-rich-quick scheme; however, you will get rich if you're willing to put in the work, planning, time, energy, and resources to accomplish your goals. While I cannot make you work harder, I am going to share the techniques and systems that I use in my own business, which will allow you to work much smarter. I will show you that you can make money on your first rehab deal if you follow my system and put in the work. Experience and commitment to following this system will dramatically reduce the time it takes to become successful and make profits on each and every rehab deal.

According to CNN Money, the average working American earns approximately $50,000 a year. You, on the other hand, can take the knowledge, systems, and education provided in this book to make at least halfif not more thanthe average annual income on your next rehab deal. The concept is simple and outlined throughout the book as follows:

1. Find = Identify and analyze distressed property in Chapters 3, 4, 5, and 6.
2. Fund = Leverage money and write offers to acquire the property in Chapters 7 and 8.
3. Fix = Execute my seven-stage rehab system in Chapters 9 through 16.
4. Flip = Implement a sales process and account for every dollar of profit, as shown in Chapters 17, 18, and 19.

This book is about more than just making money. I have found rehabbing to be one of the most fulfilling things that I can do with my time to have a social impact. Breathing life into vacant, dilapidated homes can improve an entire neighborhood's look and feel. Hiring local contractors, spending money on materials and renovating properties doesn't just stimulate job growth; it also has an immediate impact on the local economy. Rehabbing properties has a significant social impact on our communities and homeowners across North America.

As a residential redeveloper, it's important to understand your role in your community. Your actions can impact the entire area. Pulling and paying for permits with the city or county and placing a once-distressed property back on the local municipalities' tax roll generates revenue in the form of property taxes. Listing your finished rehab with a real estate agent, selling with a stager, closing with an attorney or escrow agent and financing a loan, creates jobs for everyone involved. Of course, there is the satisfaction you will receive by providing a beautiful house to someone who will make it a home. All in all, mastering the craft of rehabbing real estate by perfecting residential redevelopment is an asset and tool that has a beneficial impact on both you and your community.

I am fortunate to be a mentor, coach, partner, and friend in an amazing real estate education company through FortuneBuilders, Inc. My partners and I have devoted our life's work to documenting, improving, sharing, and coaching all of the real estate principals and systems I will share throughout this book. Through our active residential redevelopment company, CT Homes, LLC, we execute and share the strategies and systems on a daily basis that I will be teaching. My partners and I started teaching and sharing these tools in order to make our first local market more efficient so we could do more deals with more investors. Teaching our competition allowed us to develop an amazing network of confident investors; as a result, we all did more deals and helped each other build our businesses. FortuneBuilders, Inc. has taken this approach on a global scale and has the largest committed investor community. Throughout the book, you will hear some stories about this amazing community that is successfully improving houses and neighborhoods across North America.

Now is the time to make a positive impact on your community, master the rehab craft, create wealth, and improve your financial future. When you make your first $25,000 profit on a rehab, you will see the power this system has to change your life and the lives of those around you.

So let's get started!

As you move through this book, I will get into the specifics of all seven stages of a rehab. Here is a brief overview of my system and how it differs from other real estate rehab books and gurus.