Fix 'Em Up, Rent 'Em Outby Terry Wayne Sprouse
This book how to get started repairing houses and renting them out in your spare time. It covers various aspects such as house selection, what to repair, handling tentants, managing the books, and taxes. The book describes the two safest ways to make money in real estate, and one chapter is devoted the the "Zen of Repairing Propertied." The author uses examples from his own experinces, humor and motivational examples to encourage the reader down a path that will be both financially rewarding and deeply satisfying.
- Planeta Books
- Publication date:
- Product dimensions:
- 6.00(w) x 9.00(h) x 0.34(d)
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This is a well written, easy to follow book that provides the information someone needs to start a fixer-uppper/house rental business. The book has humor, inspiration and good, practical advice. I especially liked the chapter on the 'Zen of Making Repairs,' which described a deepeer side to making repairs that I had not considered, but found very interesting. If you want to learn about fixer-upper business, read this book.
The difference between knowledge and inspiration is that most people have a pretty good idea of what they need to do to become successful (the knowledge) but very few ever find the inspiration to commit to a plan of action. That's where this book will be a huge help. Anyone claiming to find all the answers to being successful in Real Estate with one book is either delusional or deceptive. However, this book written by Mr.Sprouse will certainly serve as a great starting point and help inspire you to stop procrastinating about making money with real estate and actually take the steps needed to get started. Although I don't personally know the author of this book, I share a lot of his beliefs about this subject and I have personally done quite well in the real estate business using methods which are quite similar. At the height of my career, I'd acquired well over 100 apartment units and several commercial properties as well. I've always been able to easily discern between the people who pretend to be in the business and the people who are "The Real Deal". This author is "The Real Deal". If you are serious about entering the arena of Real Estate, I can think of no better book to get you started.
With the down turn of the economy many fix-up houses are becoming available at extremely low prices and what a better time to buy than now. And, to begin all one needs to do is start with a small investment on one piece of property. It may be a scary thought since the buzz is the market is down, however, as Terry Sprouse advocates, "real estate is a the top of my list of sound investments." He continues to articulate that with rental property you can have a good cash flow. As well, there is a continued population increase therefore there will always be a demand for housing. Sprouse also believes that buying fix-up houses reduces risk; "pay less money up front and monthly" and "you increase your opportunity for profit because you have the built-in profit that can be used as investment for the next house you purchase." Having been in the construction industry for over 40 years and seeing many ups and downs of the economy I truly concur with him. Sprouse's information is timely and well laid out. I don't believe he missed anything while proving the fix-up business is a viable venture. I encourage anyone that has considered buying fix-up houses but were afraid because of the buzz created by the media to read "Fix Em Up Rent Em Out." It is full of important information, not only that it is a good and safe investment, but also pointers on repairing and renting, as well as tax law and bookkeeping. Concise and to the point, Sprouse offers wanna be's the opportunity to step forward and fulfill a vision to become the be.
"Fix Em Up Rent Em Out" By Terry Sprouse Loved this book. Easy to read and jammed packed with tips that will keep the "fixer uppers" and "flippers' out of trouble. Read page 84 on "The Five Rules on How to Lose Money and get your Rental Property trashed by Tenants" as it may bring reminders or tears of your own experiences as a landlord. As a property owner, I am the "frugal" one, and my husband is the all out spender- top of the line everything guy. I gave him the book for his birthday!!! It's easier to hear from an expert. Knowing how to get bids on repairs and what repairs and improvements make a difference are very insightful. This book focuses many how to's that can keep you out of trouble. I recommend it for those contemplating buying investment property in this market, and for those who are currently landlords. Today's market is different, and harder economic times means you need to cross your "t"s and dot your "i"s. There is more profit and risk at stake. More families are renting now and facing economic hardship so it behooves you as a landlord not to take his contract and remodeling tips into consideration. Sprouse teaches you how to protect and grow your investment. He has a great sense of humor in explaining his concepts as to why you should invest in fix up homes and helps teach you the "rules of the game." His tax and refinance information are useful and easy to comprehend. He includes useful websites and reference materials to give you more advanced knowledge. I hope he writes on contractors- how to choose them and how to get them to finish the job! I will be the first in line for a copy. I received a complimentary review copy.