Fix It and Flip It

"Fix It and Flip It: How to Make Money Rehabbing Real Estate for Profit Even in a Down Market" by Katie and Gene Hamilton is a comprehensive guide for real estate investors and do-it-yourselfers looking to profit from buying, improving, and reselling single-family homes. Here is a detailed overview of the book:

Key Themes

1. Real Estate Investing: The book focuses on the process of rehabbing properties, including buying the right property at the right price, using professional estimating tools to plan and control costs, and evaluating, coordinating, and supervising the renovation process.

2. Strategies for Different Markets: It includes new strategies for down markets, such as using renting as a fallback position, and fresh flipping strategies for condos, a rapidly growing investment category.

3. DIY Tips: The book provides 25 brand-new tips for do-it-yourself investors in the “Quick Fixes, Cleanups, and Repairs That Make You Money” section.

4. Professional Tools and Checklists: The authors include worksheets and checklists to help investors evaluate, coordinate, and supervise the job, ensuring that projects are well-planned and cost-controlled.

Plot Summary

The book is structured to guide readers through the entire process of real estate flipping, from initial property selection to final resale. It covers:

• Property Selection: How to identify potential fixer-upper properties and negotiate the best deals.
• Estimation and Planning: Using professional estimating tools to plan the project and control costs.
• Renovation Management: Evaluating, coordinating, and supervising the renovation process.
• Market Strategies: New strategies for down markets, including renting as a fallback position.
• DIY Tips: Quick fixes, cleanups, and repairs that can make you money.

Critical Reception

While there are no detailed reviews available on platforms like Goodreads, the book's reputation is established by its popularity and the expertise of the authors. The book has been well-received by real estate investors and DIY enthusiasts, as evidenced by its inclusion in various bookstores and its high sales rank.

Author Background

Katie and Gene Hamilton are authors of twenty books, including "Fix It and Flip It." They are also known for their weekly syndicated column "Do It Yourself or Not?" The authors are recognized experts in their field, contributing to the credibility of the book.

Product Details

• ISBN-13: 9780071421485 (or 9780071544146 for the revised edition).
• Publisher: McGraw Hill LLC.
• Publication Date: May 7, 2008 (revised edition).
• Pages: 288 pages.
• Dimensions: 8.96 inches (width) x 5.90 inches (height) x 0.67 inches (depth).

Overall, "Fix It and Flip It" is a comprehensive guide that provides valuable insights and practical tools for anyone looking to profit from real estate flipping, even in challenging market conditions.