Hundreds of flipping houses books have been written and published by so-called real estate experts. However, not all resources hold the knowledge essential to starting a successful house flipping business. That said, novice investors should look for five important factors before choosing a guide book.
1. A Dependable Author
All the knowledge contained in flipping houses books come from the experiences and skills of their authors. Therefore, readers should select books that were authored by true experts in the business. True experts are those who have tried to do the work and succeeded. A lot of self-proclaimed experts are simple observers that write based on the hard work and experiences of others. A quick online search on the references and accomplishments of authors can help readers separate book gems from utter garbage.
2. A Step-By-Step Guide
Every profession has its own set of rules, languages and terminologies. This makes it hard for novices to enter a niche, especially if they have no prior training. Therefore, when buying flipping houses books, it’s best to look for those with information written in easy-to-follow steps. Great books do not alienate novices with unfamiliar terms. Rather, they teach novices the basics and allow them to earn progressively.
3. Real Life Stories
Flipping houses books with success stories of real people are excellent because they show novices that success can be achieved even by ordinary people. Although experience can be the best teacher, there are times when people should learn from the experiences of others. Similarly, reading about the mistakes and failures of the experts in the business will help novices avoid making them. Aside from success stories, good flipping houses books should contain examples based on real life situations. For instance, it’s easy for books to describe house-flipping profits in the millions when in reality, the profits range in the thousands (if there are any profits at all). Similarly, books should talk about the latest rates, trends and regulations. That’s because the real estate market is constantly changing. Therefore, books have to provide the latest information to their readers. Authors can also share their predictions for future real estate trends. However, trends can change easily, so readers should not rely solely on book predictions.
4. Realistic Take on Real Estate
Every business venture has associated risks to its profits. That’s because market predictions are never 100% accurate. Therefore, flipping houses books that claim to be infallible are probably too good to be true. The best real estate books will explain both the pros and cons of real estate businesses. Similarly, they will be more focused on the work rather than the profits. That’s because real estate ventures can only generate profits if the work done is up to par.
5. Positive Reviews
The best way to determine how good flipping houses books are is to read reviews about them. It’s not enough to read the positive statements written at the front and back covers of the books. Those statements were chosen specifically to make the book more attractive. Readers should look for reviews provided by those who purchased the book and those who are known experts in the field. Sometimes, it’s better to read about 3 star reviews because they list both the pros and cons of the book. Reading a few flipping houses books will not make experts out of novices. However, they can take novices one step closer to achieving their real estate goals.