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Planeta Books

Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses

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Description

This book describes 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 Properties." 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. Read more

Publisher ‏ : ‎ Planeta Books


Publication date ‏ : ‎ September 19, 2007


Edition ‏ : ‎ Illustrated


Language ‏ : ‎ English


Print length ‏ : ‎ 148 pages


ISBN-10 ‏ : ‎ 0979856612


ISBN-13 ‏ : ‎ 17


Item Weight ‏ : ‎ 8 ounces


Dimensions ‏ : ‎ 5.98 x 0.34 x 9.02 inches


Best Sellers Rank: #4,477,623 in Books (See Top 100 in Books) #1,209 in Free Enterprise & Capitalism #1,721 in Business Writing Skills (Books) #3,819 in Buying & Selling Homes (Books)


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Top Amazon Reviews

    • Add this book to your REI library
I recently ran across this book after reading Terry's blog. In fact, I just finished reading it today over my morning coffee. I recommend this book for any aspiring (or greenhorn) real estate investor. Having just completed my first fix up, I learned much from Terry's methods but I especially related to his philosophical approach to life in the world of real estate investing. In fact, one might subtitle this tome, "Zen and the Art of Rehabbing". Blended with this extremely practical and useful guide to finding, fixing and successfully renting properties are the intangibles of rehabbing and landlording. Terry waxes about the pride he feels from taking on and completing a repair job and the confidence that builds for tackling more complicated tasks. Two parts of this book alone make it worth adding to your REI library: Chapter 9, "Let the Tax Law Help You Make Money was invaluable to me. As I mentioned before, my wife and I just completed an extensive remodel in our SFR rental. Along with my sense of pride for completing this daunting project, I have several thousand dollars of receipts stuffed in a file folder. He clearly laid out the difference between repairs and improvements how the IRS treats each category. Thank you Terry! The reference sections in the appendices are as complete as they are varied. Especially helpful to me was the list of books the author consulted to write this book. I encourage you to add this book to your REI library. It's a keeper. ... show more
Reviewed in the United States on January 10, 2009 by Boomer
    • Must have for investors
This book is great! It gives you the basic nuts and bolts of how to be successful as a real estate investor with out all the hype of a late night infomercial. It is very practical and realistic about what to do and what to expect and is not about selling the author's big program or website subscription for the real information like so many other of the real estate investing books I've read. By far my favorite RE investing book I've read. ... show more
Reviewed in the United States on May 25, 2013 by K. Young
    • As described
Good information, but brief. Doesn't go far into details, will need other books to supplement. i would reccomend this to a friend.
Reviewed in the United States on May 29, 2013 by Zachary A Lester
    • Incredibly rudimentary, very little meat
Please save your money. Amazon reviews are generally pretty spot on, but I genuinely don't understand the rave reviews here. This is a very slim book, huge font, filled more with this guy's life philosophy than how to fix up and rent out houses. There's nothing wrong with his philosophy. The author comes across as a self-reliant, modest guy with a strong work ethic and some good life perspective. However, it would be an extreme exaggeration to call this a book on "how to start your own house fix-up & rental business..." The sections on identifying, financing, repairing, and managing rental properties are covered at a very surface level. You can easily find all of this information for free online, in one of many intro articles to real estate investing. I've read many real estate investing books, and there are many, many better books out there. I guess on the positive side, it only took me a 40 min train ride to read the entire book, so at least I didn't lose too much of my life on this. ... show more
Reviewed in the United States on June 5, 2009 by FHLP
    • Extremely Useful
Terry Sprouse's was very helpful. I appreciated the way he helped me figure out how to assess whether a property would be profitable, how to find tenants and how to make the tax laws work for me. Even in this depreciated housing market, all too often finding a house that will be profitable is a trick. It requires the right house, the right price, the right renters and an understanding of the tax considerations. ... show more
Reviewed in the United States on October 12, 2008 by Evan Canfield
    • LOVE!
I bought this book for my boyfriend and he read this within a couple of days. He thought the material in the book was great & helpful! Super easy to read and understand!
Reviewed in the United States on October 22, 2013 by Robin Guise
    • This book is great and hold a lot of valuable information even though ...
This book is great and hold a lot of valuable information even though it is out of date it's def worth a read.
Reviewed in the United States on March 17, 2015 by A-Way
    • Not real informative Light reading 1 hour.
Not what I hoped for. Anyone could have written this book. It basically tells you in positive style that you can do this. But it very light on how to do it. Some major gripes are: 1. It lays out some of the costs but does not include things like tools,insurance,cost estimating,time estimating. Its approach is how much you buy the house for and then how much you sell it for. Or how much you can rent it for to float the mortgage...Read it in an hour and was disappointed. ... show more
Reviewed in the United States on February 26, 2012 by ceramicbrad

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