Flip For Market-Proof Real Estate Investing (NAPSA)—In today’s slowing real estate market, a “buy and hold” investment strategy might seem to make more sense than “flipping” for investors looking to build long-term wealth. But according to recent National Association of Realtors staASOg tistics and a new book in the popular Millionaire Real Estate Series, flippers— investors who HOW TO and_ sell FIND,FIX, AND SELL buy IS(OENBuO)eyeven houses within 12 RICK VILLANI ano CLAY DAVIS months’ after @Q making improve- IN watt The book con- ments, like a tains checklists "W bathroom— and worksheets Ontinue to enable flip- profit even as pers to manage real estate mar- investment deci- ets sebgnate sions before and 22tionwide. “Flipping a they house has many moving parts. Anyone looking to flip as a ‘get-rich-quick’ schemeis going to get burned,” says Rick Villani, co-author of the new book “FLIP: How to Find, Fix, and Sell Houses for Profit” (McGraw-Hill). “FLIP’ provides a road map to success that anyone can follow.” In “FLIP,” Villani and coauthor Clay Davis break flipping down to a market-proof, FindAnalyze-Buy-Fix-Sell process that helps evaluate investments and flip houses no matter what the market conditions. Based on their extensive experience finding, fix- ing and reselling more than 1,000 houses with their company HomeFixers, Villani and Davis provide the practical and technical guidance investors need to read the real estate market, weigh costs and maximize profits. The fivestage process presented in “FLIP” includes: Find—Research/select neighborhoods and houses, attract sellers Analyze—Identify improve- ments, consider costs, analyze profit potential Buy—Arrange financing, makeoffer, close Fix—Develop and execute improvementplan, on time and on budget Sell—Sell quickly for maximum profit. While there are flipping opportunities in any market, “FLIP” emphasizes the importance of carefully evaluating the market, identifying viable buying opportunities, anticipating potential problems and costs, and developing an overall strategic plan. Before making any real estate investment decision, Davis and Villani strongly recommend each potential flipper evaluate the current local market environment and then consider which opportunities present the best profit potential. They also encourage prospective flippers to follow four key indicators before making any buying decision: mortgage rate trends, seasonal buying cycles, time on the market for all houses in a given neighborhood, and current and plannedcity/area developments. “For the average real estate investor to succeed, they’ve got to know when to buy and when to walk away,” says Davis. “Like with any sound investment, investors first must do their homework.” “FLIP”is available in bookstores and at www.homefixers. com.
