Flipping

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"Goodnight Sibi Sisti, Wherever You Are"--From The Book
A forever treasure
A great book for baby boomin' baseball card lovers!
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Funny and moving, if you don't choke on uninhibited gay Flip
hot and racy (in several senses of "racy"!)
Hot! and shockingly funny!
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Well organized and practicalThis is a great, fun suppliment to any curriculum you may already have.

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Quirky, funny, and a great party game!
Probably the most important book of all time
I routinely flip off people who don't own this book.The delights of THE FINGER begin with its cover, which is a hologram of some sort obviously developed by Lucasfilm Ltd. specifically for this application. The results of Lucasfilm's efforts are astounding: This is the only book in history that actually flips you off just for picking it up. You will probably spend a day just playing with the book and staring at its cover before you even crack it open.
But inside are 104 full-color pages of sheer joy. I won't spoil the book's pleasures for you here. Suffice it to say that everything you've heard is true.

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Mixed reviews on this one...I see some holes in the theory of "Flipping Properties". The major theme of Bronchick & Dahlstrom is to go out and find (or hire someone, " a scout") a distressed house with a motivated seller, make an offer, approximately 80% of the value of the home, Make a small deposit, ( $500-$1000) ,while promising the current owner they can close within a short period of time. Then, or concurrently, find an investor, ( retailer) to purchase the property and while giving yourself a profit.
This sounds good an very easy to do, but how many people or contacts would you or could you find to finance 80-100K? I am talking about the average person. The only suggestion is joining an investment club? And networking? Great, I am going to front money to trust people on the Internet? Also, even if you can flip the property, why would an investor continue to use your services on a double close? Lastly, the Flipper is required to have an exit strategy . The answer is if the investor backs out, then just purchase the property yourself. Great, I am sure I will get bank funding when I am already holding a note on my house for 300K! The book does not give enough info on how to finance, HUD, foreclosures, Etc, Also, the tiny little adds in newspapers doesn't sit well with me, as you will see.
Overall , the book is interesting, and I believe you can get an idea of the theories behind flipping properties but this book is not the total answer, I am going to take some of the info and combine it with info from other books and financial institutions.
They Call Him FlipperThis approach makes good sense, but it cuts out a world full of wonder: the physically sub-par house in the upscale neighborhood. Sellers in such places are seldom highly motivated, but who can deny that there are profits to be made there? Too, distressed properties are the domain of the giant wholesalers such as Homvesters,Inc., so you have very well financed competition.
I read all the way through just to see what the process was like in these sorts of transactions. Title problems in particular interested me since motivated sellers are apt to be up to their eyeballs in liens and judgements. On page 79 I found this information: "Even if the title report shows problems with the title, the contract is still in force if the seller can cure the problems before closing."
And if the seller can't, which is highly probable, since they acquired the problems and signed a contract to sell the house to get out of the problems? Well then the authors have 3 solutions for you, the buyer, and they all start with "Sue".
1. Sue for specific performance
2. Sue for damages
3. Sue for return of the earnest money
So unless you're a lawyer, which Bronchick is, you can kiss your prospective profits goodbye just prior to signing and sending a check to the lawyer of your choice. No one you see is smarter than he.
Not surprisingly, the authors recommend doing business as a corporation, since we "live in a litigious society...Eighty million lawsuits are filed every year." Scandalous. In addition, Bronchick and Dahlstrom provide timely and comic advice for keeping your marriage together as you make the transition to flipper: "If you are married, make sure your spouse reads this material with you and participates in the fun process of making money."
Study Bronchick¿s materials and you¿ll be financially FREE!
I've bought a lot of Bronchick's manuals through years and made hundreds of thousands of dollars with them. One of the first deals was an out-of-state seller whom I found using one of the advertising techniques suggested in the book. Since it was one of my first deals, I wasn't brave enough to undertake all the expensive repairs (it was a $500k house), so I decided to advertise to "investors-rehabbers". I used a classified add (like the one in the book) and within a week I sold it for $95,000 more than my purchase contract. That's about 3 weeks total that made me more money than I had been making as an electrical engineer with a Master of Science degree. You guessed right, soon after that I was able to leave my corporate job!
Please realize, the above transaction is not typical, most of my profits are in the range of $3,000 to $20,000, but again it doesn't take much to do a few of those a month either. You also need to know that this is not a "get rich quick" business, it takes time to learn it, but it is one of the most hassle free and most profitable businesses out there. And it's one of not many businesses you can start with very little or no money.
If you ask me why to buy this book, I'd tell you this. First, if you're just starting, this book will teach you about flipping properties, which is one of the easiest and risk-free (if you learn how) ways to make money in Real Estate, great place to start! Second, it teaches you in a methodical easy-to-learn way the mechanics of Real Estate transaction. Plus, it gives you all the legal paperwork and agreements you need (which are time tested and proven). And you can't beat the price -- it is soooo cheap!
Happy investing, and say to your boss bye-bye!!!
P.S. Almost forgot... Your relatives, neighbors and friends may tell you that "flipping" is illegal. What they are referring to is a scam where some investors together with appraisers defrauded lenders, and that has nothing to do with the concept described in this book. ...

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Not nearly as good as his first bookI really liked his first book, and when I saw this one on the bookshelf, I picked it up without hesitation. To my dismay, this book doesn't do its job getting a REI newbie off the starting blocks, and it definitely doesn't give any additional information to the flippers who have been in the business for a while.
My advice is to skim through this one while you are at the bookstore, and then put it back on the shelf.
Excellent Financial Analysis!Berges walks the reader through using several examples in a financial model to help properly analyze an investment property . At the end of the analysis, if the returns are acceptable, you buy the property and if they are not, you pass on it and go on to the next one. No emotional attachments here. Buying and selling is done strictly on an analytical basis.
A lot of authors tend to focus on getting in to a deal for "nothing down" but say very little, if anything, about value. Just because you can buy a house for nothing down doesn't mean it's a good deal or that you should buy it. Out of all the real estate books I've read over the years, Berges is the only one to really emphasize value.
My guess is that Berges will lead the way among future writers by emphasizing value and financial analysis just like Robert Allen led the way with the nothing down techniques in the 80s and 90s.
Two thumbs up!
Excellent Guide to FlippingI highly recommend this book to both beginning investors and to those who are more experienced as the author seems to have a knack for writing to a wide range of audiences. Great book!

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Includes lots of stories. Lacks strategy.
Save your money
Enjoyable Reading
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"The Great American Flipping, Trading and Bubble Gum Card Book" has three principal sections. The first, "Where Have You Gone VINCE DiMaggio" is a warm and very witty recollection of the co-author's childhoods in the 1950s and the central role that baseball cards played in them. Part two, "This Kid Is Going To Make It," is a look at how the baseball card business operated circa 1973, the date of the book's original publication.
As entertaining as these openers are, the best (and largest) part of the book is the one simply called "Profiles." Reproduced in full color are hundreds of cards from the early 1950s to the late 1960s, accompanied by the author's observations about the players immortalized on them. You'll find greats on these pages, like Richie Ashburn, Stan Musial and Ted Williams...but the real joy is the rediscovery of the men on the fringes of the game's glory...."immortals" like Chris Cannizzaro, Frank Leja, Foster Castleman, Clyde Kluttz and Coot Veal. It's tempting to quote from the book at length, but that would spoil the fun. Just to give you a sense of the flavor though, I opened at random to the page featuring Hector Lopez, poor-fielding third baseman for the Yankees and Kansas City A's. After judging Lopez not to be just a bad fielding third baseman for a baseball player, but for a human being, they declare, he did not "simply field a ground ball, he attacked it. Like a farmer trying to kill a snake with a stick."
This is a wonderful book for any baseball fan, and should especially be treasured on those short, cold winter days when the crack of the bat and the warm blue skies and green grass of summer seem oh-so-far away.--William C. Hall