Find It, Fix It, Flip It!: Make Millions in Real Estate–One House at a Time
It’s Saturday… that means it is time for Burbed’s book of the week! Here’s today:
Find It, Fix It, Flip It!: Make Millions in Real Estate–One House at a Time
Much has been written about real estate these days, from inflated prices to the softening of the market. It can be difficult to sort the good from the bad, the reality from the hyperbole, but Corbett, television host and actor, manages to relay practical use-it-now information. What’s his gig? Insider-type information and established methods that will drive successful deals. His hints include controlling every step of the process; including a closet for each room legally to be considered a bedroom; upgrading to high-tech digital thermostats; and avoiding FSBOs (for sale by owners). Before-and-after photographs enliven a fairly high-powered text, as do a bundle of flip tips and trade secrets. Occasionally, self-help verbiage creeps in, such as “give yourself the power to accomplish anything you set your sights on.” Otherwise, chock-full of value-added information–enough, perhaps, to overcome a saggy real-estate venture.
I don’t know about you, but I’m always hungry for more information. And where do I usually turn to? That’s right – by asking television hosts and actors. Who else?
But here’s the part that fascinates me – why would you avoid FSBO’s?
There’s only one wayto find out – buy this book today by clicking on the link. Help support Burbed!
May 2nd, 2009 at 9:57 am
You avoid FSBO so that the realtor can get a commission. It’s all about what the realtor needs. Who cares what the buyer wants.
May 2nd, 2009 at 10:06 am
In many (most?) cases, the FSBOs aren’t in touch with reality. They go FSBO because they “need” a certain price for their house – market conditions be damned!
Now if only we could do something about the ridiculous commissions realtors get (on houses between oh, $600k-2.5M), we could have a win-win for everyone.
May 2nd, 2009 at 2:13 pm
Is that a book on egg recipes? I would love to learn how to make some omlettes and eggs benedict.
May 2nd, 2009 at 2:38 pm
Yeh, sounds like a manual for junior McDonald’s employee.
May 2nd, 2009 at 2:50 pm
Pretty sound advice from the cover already: “One House At A Time”
Anybody else reminded of the guy who took loans on 13 or so houses all at the same time? and ended up upside down on all of them. He should have read this book(‘s cover)!
May 3rd, 2009 at 12:53 am
“high end” home in willow glen can’t sell. aww
http://www.mercurynews.com/ci_12266803?source=rss
May 3rd, 2009 at 7:27 am
> “high end” home in willow glen can’t sell. aww
Where can I send my gracious donations?
May 3rd, 2009 at 9:13 am
#6,
Look at what the first comment says:
I grew up in Willow Glen and it is a nice place to live. The low-end houses currently on the market are dumpy and in bad locations in WIllow Glen. The high-end houses are nice but they have to compete with Palo Alto, Los Altos, Los Gatos, Cupertino, etc. Most high-end buyers would rather live in Palo Alto. My only advice is to lower the price.
May 3rd, 2009 at 11:27 am
Do you have a point, excreter?
May 4th, 2009 at 9:35 am
Of course he does – PA is better than WG! You too should want PA very badly. You should be willing to pay a high price in PA. Since you should be willing to pay a high price, PA homeowners have a rich, appreciating asset. Since everyone should continue to believe this line of reasoning, prices can only go up in PA, and therefore, now is a good time to buy before you’re further priced out, and you miss more months of appreciation on your PA home.
May 4th, 2009 at 2:55 pm
#6 – just finished reading that article on desperate sellers of high-end homes in SV.
It’s enraging, actually.
These people think they are so entitled. There just isn’t even the slightest acknowledgment of the concept of a bubble they were part of (well, maybe one guy).
In a bubble, the notional value of an asset for exceeds its fundamental utility value. Duh.
They still don’t see that any part of their homes’ values are notional. And perhaps the notion is too high because it’s not based on anything but feverish exuberance and greed of people like them who wanted the housing market to go up 10%/yr forever.
These people did NOT work hard for their home value (they may have worked hard for their earned income, sure), they just sat back and believed the notional values were money in the bank they deserved for some magical reason.
Where is the thinking part of the brain that says, “hmmm, if my house appreciated $300k, where does that $300k come from?”.
It’s just SAD that people can engage in $500k, $1.0M, $2.0M transactions without basic knowledge of finance, history, or value.
The one woman should talk with her mom about the great depression a little more. Not because we’re in a great depression, but to see if either one of them can clue into the idea that you might have to have a plan in bad times, or that things aren’t always handed to you for free.
May 4th, 2009 at 2:57 pm
It’s as if they think they own, literally, a pile of $100 bills. (which fell from the sky onto their property over the years, I guess).
Then, suddenly, an unseen hand has been STEALING those $100 bills from their backyard while they were out planning how to spend it.
They were robbed! They were cheated! Poor them!
They SO deserve to lose their homes.
May 4th, 2009 at 5:26 pm
Wow, A., take a pill.
Sure these people are disappointed, but I don’t see where you got the idea they are going to lose their homes or that they feel entitled necessarily. Yes, they’ve had to put plans on hold but they aren’t yelling for the government to bail them out or claiming to be “victims” as it was the vogue thing to do with subprime. Sounds more to me like they’re saying, “hey, this sucks but I can see a lot of other people have it way worse.”
For any of them that bought high, they might have worked hard for their home value. They had to buy in high, after all – unless they sold their previous house locally at the bubble price too; that would be “easy money,” so to speak. If they didn’t sell another property at bubble pricing they had to work just as hard as anyone else for their down payment.
Just sayin’ you sound like a bitter renter today.