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Title: Buy It, Fix It, Sell It: Profit! by Kevin C. Myers ISBN: 0-7931-2610-X Publisher: Dearborn Financial Publishing Pub. Date: 01 November, 1997 Format: Paperback Volumes: 1 List Price(USD): $18.95

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Average Customer Rating: 4.43 (42 reviews)

Rating: 5
Summary: Another 6 stars - I highly recommend this book!
Comment: I read and wrote a review of the first edition, which I thought was an absolutely incredible book. I didn't think it could be done better...I was wrong.

Kevin knocks another one out of the ball park with this edition. He still has the fantastic formula in the book for figuring out how much you should pay for a property, but he has added to it and made it even more clear then the first edition. This formula is literally worth its weight in gold to a beginner.

Second he adds an entire chapter on dealing with environmental problems like mold, lead, radon, and abestos. These are critical pieces of information a real estate entrepreneur needs to know, especially the mold issue.

He adds a whole bunch of new information on prospecting for deals and how to locate properties that is even better then his first edition (which was already good).

He discusses how to hire and manage contractors and handyman workers. How to develop contracts and manage the overall project. This chapter is packed with great info like making sure the General Contractor pays the sub contractors and getting him to sign a release of lien so you don't get mechanics liens on the property.

He also fully (and I do mean fully) discusses financing. This includes seller financing and hard money lenders. How to structure the deals, where to look for money, what kinds of problems you may run into etc.

This book is a complete course and includes ALL the information you will need to get into the real estate rehab business. Kevin doesn't leave anything out and there is nothing vague about his information, it is detailed, accurate, and complete.

Invest in this book before buying any other book or course in real estate. If you you are at all interested in real estate investing, specially rehab and selling, then get this book it is worth every penny.

Rating: 4
Summary: Good deal for $13.97!
Comment: I just got done reading this book and learned a lot from it. Though I have yet to purchase a home, the buy-fix-sell strategy advocated in this book seems to be the way to go as compared to the buy-[fix]-rent-[sell] strategy in "Investing in Real Estate, Fourth Edition," (the other real estate investing book I bought along with this one). This book was easy to read and was not unnecessarily complicated. The author seems to be writing from experience and offers many practical insights. I feel that the one major drawback of this book was that it does not cover seller financing in enough detail, therefore it's not possible for me to apply seller financing techniques without getting assistance from another source. For that reason I'm only giving the book 4 stars. For $13.97, this book is definitely worth it!

On a related note, I'm more than ½ way done reading "Investing in Real Estate, Fourth Edition" and I would suggest that a beginner to real estate NOT read it. It uses too many uncommon terms that are not predefined. And worse off it doesn't even offer a glossary. Also, one of the authors is a PhD, so I guess he likes to throw a lot of formulas around. Even though they are simple formulas, I think it's just totally unnecessary to use them so often. I actually started reading this book first, then got tired of it and started reading "Buy It, Fix It, Sell It: PROFIT!." What a difference in writing styles! I'm going to eventually finish this book just to broaden my knowledge, though so far I feel that the buy-[fix]-rent-[sell] strategy in this book has too many liabilities for what it's worth.

Rating: 4
Summary: Practical
Comment: As other reviewers have said, this is written for the layman. Maps the flipping process out and tells you how to do it in easy to understand language. A great starter book. Covers what to look for, working with an R.E. agent, appraisals, foreclosures, purchasing for cash(and how to get it), using private morgage lenders(the hard stuff!),negotiating, inspection, renovation, hiring contractors, and how to sell quickly for top dollar. The final chapter delves into some more advanced strategies. I'm just now getting into "flipping" books and this is one of the best.