Find It, Buy It, Fix It: The Insider's Guide to Fixer-Uppers
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Average customer review:Product Description
Looking for a cost cffective way to join the real estate boom?
Although it's not for everyone, for those willing to accept the challenges of fixer uppers, buying and fixing up less than prime properties can be one of the most lucrative opportunities available.
This is a one stop guide for anyone considering buying or investing in houses, apartments, and commercial properties that work. You'll find loads of money saving and money making advice on how to find the best fixer uppers, inspect the properties to avoid ""money pits,"" identify ugly duckling properties that need only quick cosmetic fixes, and structure deals to achieve win-win outcomes.
Product Details
- Amazon Sales Rank: #598417 in Books
- Published on: 2006-09-01
- Original language: English
- Binding: Paperback
- 240 pages
Editorial Reviews
From Amazon.com
In this era of rising real-estate and building costs, it's natural that homeowner wannabes are turning to the less expensive (though more problematic) joys of fixer-uppers. Robert Irwin is a specialist in the area of improvable real estate, and this book is a terrific primer for those do-it-yourselfers who want to save money on the house of their dreams (or turn it around for a tidy profit). Irwin pulls no punches--he starts off with a quiz to determine what manner of fixer the potential buyer is able to handle; lays out the issue of money early on, keeping it firmly at the forefront of every chapter; and includes a horror story or two just to make sure the reader isn't easily scared off. "Nothing ventured, nothing gained" seems to be his motto, however, and the venturesome handyperson will learn a lot from this book.
Ingram
Bestselling author and real estate expert Robert Irwin reveals the ins and outs of buying and renovating your very own handyman's special. Find It, Buy It, Fix It shows home buyers how to find the real bargains in today's marketplace--and how to avoid the costly "money pits.".
From the Publisher
Praise for previous edition:
“On a scale of 1 to 10, this extraordinary book rates a 12.” —Bob Bruss, Syndicated Columnist, Tribune Media Services
Customer Reviews
Read It, Buy It, Fix It
Robert Irwin's "Find it, Buy it, Fix it: The Insider's Guide to Fixer-Uppers" clearly distinguishes the typology of fixer-uppers and recommends certain types of fixer-uppers for certain types of people, depending on know-how and experience. He highlights the importance of a well-assembled, diversified team to undertake fix-up projects. He also emphasizes the importance of having a plan and how a well-executed, well-thought out plan and a strict scheduling process can help make up for being short on funds. Irwin makes a point to recognize the importance of knowing one's limits and hiring contractors or experts. In other words, no one should try to be a "Renaissance Man", that is, someone who does or attempts to do everything themselves (often falsely believing that they are "saving money"). Finally, Irwin provides some interesting financing considerations that are unique to properties in need of moderate to heavy repair or renovation.
Despite being a good general overview, Irwin fails to elaborate on what type of climate is suited to "flipping" or quick fix-ups. Not every cycle is ideally suited to flips, as flipping becomes most profitable in high demand, high appreciation areas, "up-and-coming areas" and also produces the best returns when interest rates are low, allowing a larger number of buyers than sellers. Irwin might have made his book more relevant to today's somewhat recessive market by proposing alternative fix-up and investment strategies. Also, like many other books of this nature, the author refers to his own book for further reference.
All in all though, Irwin's book is a good read, as unlike many other American real estate books, it is not overloaded with tax information that is essentially useless to the Canadian real estate investor/flipper. Irwin provides a number of important considerations when purchasing or undertaking fixer-upper projects and reassuringly comforts the reader by demonstrating that flipping for profit is achievable, even for those with little know-how or experience.
Very helpful and informative
This is a wonderful book that saved me countless dollars and hours in helping me figure out how the best way was to make my newly acquired 'fixer-upper' a dream home.
Unless you are an absolute beginner, don't waste your money!
Robert Irwin writes in general terms about things that are common sense to anyone who knows a screwdriver from a hammer. This book is strictly for someone that has not even purchased a house before. One last note; If you do buy this book, buy it from Amazon.com because it cost me four dollars more at my local book store!
