FAST REAL ESTATE PROFITS IN ANY MARKET:
The Art of Flipping PropertiesInsider Secrets From the Experts Who Do It Every Day
By Sebastian Howell
FAST REAL ESTATE PROFITS IN ANY MARKET: The Art of Flipping PropertiesInsider Secrets From the Experts Who Do It Every Day
Copyright 2006 by Atlantic Publishing Group, Inc.
1210 SW 23rd Place Ocala, Florida 34474 800-814-1132 352-622-5836Fax
Web site:
SAN Number: 268-1250
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be sent to Atlantic Publishing Group, Inc., 1210 SW 23rd Place, Ocala, Florida 34474.
ISBN-13: 978-0-910627-68-1 ISBN-10: 0-910627-68-9
Library of Congress Cataloging-in-Publication Data
Smith, Amanda C., 1973
Fast real estate profits in any market : the art of flipping properties
insider secrets from the experts who do it every day / Amanda C. Smith.
p. cm.
Includes bibliographical references and index.
ISBN 0-910627-68-1 (978-0-910627-68-9 : alk. paper)
1. Real estate investment. 2. House buying 3. House selling. 4. Real
estate business. I. Title.
HD1382.5.S526 2006
332.63243--dc22
2006012540
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Web site is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Web site may provide or recommendations it may make. Further, readers should be aware that Internet Web sites listed in this work may have changed or disappeared between when this work was written and when it is read.
A few years back we lost our beloved pet dog Bear, who was not only our best and dearest friend but also the Vice President of Sunshine here at Atlantic Publishing. He did not receive a salary but worked tirelessly 24 hours a day to please his parents.
Bear was a rescue dog who turned around and showered myself, my wife, Sherri, his grandparents Jean, Bob, and Nancy, and every person and animal he met (well, maybe not rabbits) with friendship and love. He made a lot of people smile every day.
We wanted you to know a portion of the profits of this book will be donated in Bears memory to local animal shelters, parks, conservation organizations, and other individuals and nonprofit organizations in need of assistance.
Douglas and Sherri Brown
PS: We have since adopted two more rescue dogs: first Scout, and the following year, Ginger. They were both mixed golden retrievers who needed a home.
Want to help animals and the world? Here are a dozen easy suggestions you and your family can implement today:
- Adopt and rescue a pet from a local shelter.
- Support local and no-kill animal shelters.
- Plant a tree to honor someone you love.
- Be a developer put up some birdhouses.
- Buy live, potted Christmas trees and replant them.
- Make sure you spend time with your animals each day.
- Save natural resources by recycling and buying recycled products.
- Drink tap water, or filter your own water at home.
- Whenever possible, limit your use of or do not use pesticides.
- If you eat seafood, make sustainable choices.
- Support your local farmers market.
- Get outside. Visit a park, volunteer, walk your dog, or ride your bike.
Five years ago, Atlantic Publishing signed the Green Press Initiative. These guidelines promote environmentally friendly practices, such as using recycled stock and vegetable-based inks, avoiding waste, choosing energy-efficient resources, and promoting a no-pulping policy. We now use 100-percent recycled stock on all our books. The results: in one year, switching to post-consumer recycled stock saved 24 mature trees, 5,000 gallons of water, the equivalent of the total energy used for one home in a year, and the equivalent of the greenhouse gases from one car driven for a year.
FOREWORD
Alas! Finally someone has written one of the most informative books that should be listed #1 on the required reading list for anyone involved with the acquisition or sale of real estate. I always wondered why I could not find a comprehensive book written about investing in real estate.
After reading Fast Real Estate Profits in any Market: The Art of Flipping Properties , I totally understood why it has taken so long. I felt as though the author had been following me around whilst I was working with one of my first customers who needed to do a 1031 within a limited amount of time. Of course he was selling a property in a different state and wanted to acquire one of the properties that I was selling in Mexico. However, after leafing frantically through my RE book and searching the internet I informed him that this would not be considered a 1031. I became his Realtor and he purchased a property that he flipped within a few months. He has flipped four properties since then.
Today almost everyone is interested in real estate. There was a time when property was kept in a family for generations. Those days have almost disappeared in the United States. Even first time homeowners begin the process of flipping before they have made the decision to purchase. As a Realtor I have found that one of the first questions that I am asked is: Do you think that this property will increase in value and how much did the owner pay for it? I am constantly being asked questions about investing in real estate by people in various professions.
Because of globalization the world has shrunk. Many of my customers and clients are international and they too are investing and flipping. I am constantly being asked questions about investing in real estate from students to the workers in luxury buildings and garage attendants. Although I am a Certified International Property Specialist who has spent many hours in mandatory real estate classes that were taken in the United States and in Greece, I feel that this book will be a great asset to me as a professional.
EUGENIA C. FOXWORTH
Coldwell Banker Hunt Kennedy
1200 Lexington Ave., New York, NY 10028
212.327.1200, Ext. 263
Fax: 212.327.1231
Eugenia Foxworth was elected in 2005 to serve as the President of the New York City Local Council of FIABCI-USA through December 2006. As a Certified Previews Property Specialist, she specializes in exceptional properties in New York City and internationally. She has acquired a reputation with both buyers and sellers as someone who can make a deal happen through her tenacity, knowledge of the market, professionalism and personality. She is licensed with the Real Estate Board of New York and is a member of the Manhattan Association of Realtors, the National Association of Realtors and FIABCI. She is a Coldwell Banker Certified Previews Broker and a Certified International Property Specialist. Eugenia resides in New York and has lived and traveled extensively throughout the world.