The Unofficial Guide to Flipping Properties by Peter Richmond (2007, Paperback)

In today’s do-it-yourself world, the concept of flipping properties–buying them at a low price, fixing them up, and reselling them for a profit after a few days or a few months–is very appealing to investors looking for ways to make fast cash. There’s even a reality TV show about flipping properties. With the health of the economy and especially the stock market in question, many see real estate as a more solid investment area with greater potential for large gains. The Unofficial Guide to Flipping Properties helps investors locate properties that are good candidates for flipping, finance the purchase, determine which improvements will improve property value the most, negotiate with contractors and subcontractors for repair work, and sell the house for maximum profit.

Peter Richmond is a Realtor affiliated with the Pacific Union Real Estate Group. He writes a regular column for the national real estate magazine REO Monthly and writes and edits a question-and-answer column on real estate for the Marin Independent-Journal. He and his wife were recently named one of the top 50 real estate teams in the country.