Jump to ratings and reviews
Rate this book

Skip the Flip: Secrets the 1% Know About Real Estate Investing

Rate this book
Want to get started investing in rental property, but not sure how? Do you want to become a full time real estate investor, but not sure where to start or how to buy rental property with confidence? Have you heard about real estate loopholes, but not sure how to use them to benefit you? This useful and informative guide will break down all the barriers you have to get started investing in real estate. Skip The Flip teaches you the fundamentals you have to know to be a successful investor. 



The system is broken. What was once great advice of going to school, getting good grades, saving money and investing in a 401K is long gone. Many things in our financial system are broken and pitted against you. Were you taught in school how you can use other people's money to make yourself wealthy? Were you taught how you can generate millions a year in passive income through buying assets that puts cash in your pocket each month? Were you taught how to legally avoid paying a dollar in taxes.



No, you weren't. 



Skip The Flip busts down all those walls and shares with you in an easy to read format exactly how you can use the information that the wealthy 1% has been using for decades. 



Skip the Flip gives you the knowledge you need to change your financial life. After reading this book you will be able  

Invest in Real Estate with no money Pay no taxes (legally) so you can keep all the money you earnUse debt to grow you wealthValue any piece of real estate so you will know what is a good dealBuild your monthly cash flow so you never have to worry about money again.Follow the advice in this easy to read book and your bank account will compeltely different in less than a year. 



What is stopping you from building enough wealth and passive income to quit your job and live the life of your dreams? 



Scroll to the top and click the "buy now" button.

218 pages, Kindle Edition

Published April 8, 2020

Loading interface...
Loading interface...

About the author

Hayden Crabtree

3 books1 follower

Ratings & Reviews

What do you think?
Rate this book

Friends & Following

Create a free account to discover what your friends think of this book!

Community Reviews

5 stars
231 (55%)
4 stars
114 (27%)
3 stars
49 (11%)
2 stars
16 (3%)
1 star
8 (1%)
Displaying 1 - 30 of 33 reviews
Profile Image for Wenny H.
113 reviews8 followers
December 20, 2020
Spoiler alert: this is not the secret 1% knows... more like what 99% property investors know.

Two stars because it’s good enough overview of property investing. It could’ve been 1-star because of the misrepresentations and overly optimistic view of property investing.

Samples:
Equity from repayment is NOT tax-free. Property value - debt = equity, but the equity from the tenants’ monthly repayments are still income, and will be taxed accordingly.

Commercial real estate has less risk than residential: personal opinion. Number of tenants alone does not make a better, lower risk investment, especially in a product so different from residential investment. At this I would argue that 100-blocks of apartment is still not commercial, more like residential but scaled.

Opinion: cringe on “not paying tax is more patriotic”. No wonder USA is in such deep shit if enough amount of its citizen thinks like this 🧐 which seems to be wide enough gap for people to rise up nowadays.

About depreciation... it’s not what the book hypes them up to be. It’s money already spent after all, the benefit is in the retained value after it goes to “$0”. I.e., depreciation is NOT free money. It’s your post-tax money that you’ve spent, expenses away to prepare for FUTURE EXPENSE to replace it. This is the tax tail wagging the investment dog.

I’d be quite surprised if the 40% depreciation on first year didn’t trigger an investigation. Just because it could be done, doesn’t mean it’s the norm.

The calculations are fine. Chapter 57 is not really investment, more for someone who wants to become property investment dealer. Same tendency to paint everything bright.

Find a more realistic/pessimistic book to read after this to balance it out. With long-term investments, it’s time in the market that counts: keep yourself safe, find ways to mitigate and be aware of the pitfalls - things that are not covered in this book.
Profile Image for Ietrio.
6,828 reviews24 followers
May 28, 2022
The short version: read Investopedia. Watch some YouTube. Save your money.

The longer version:

> The information in the following chapters has cost me more than $50,000 in college education, and $20,000+ in seminar and coaching fees.

Or he could have gotten the same quality for the price of internet access.

> Think of debt as a chainsaw. When used correctly, a chainsaw can help you cut down trees in a tenth of the time it would take without a chainsaw. With an axe it may take you an hour to cut down a tree. With a chainsaw, you can do it in less than 10 minutes.

The gods of math have not been generous with this one. Welcome to the 100 minute hour.

> Flipping houses can produce a tremendous income for people who do it successfully.

I'm not ironic, I love the one page chapters. This is probably the best part of this book.

> But remarks like that point out the author is winging it. The same way, one can make a lot of money if you dog dirt successfully. Replace with just any verb. Clean toilets, do make-up, play video games.

So does the author get the business? Or he's just another moronic motivational speaker?

> Also, flipping and wholesaling do not provide many of the tremendous behind the scenes benefits that real investing does.

This is a short book, yet so much space is wasted to tell the reader what flipping houses is not. Usually that is the mark of the ignorant trying to be deep.

> I actually prefer wholesaling to flipping because wholesaling is like flipping, but takes out a lot of your risk.

So he hasn't defined any of the terms so far, but he already has preferences.

> The idea that a home is a great investment is sold to us by the big banks who need customers for loans.

Yea. The guy is a moron, parroting the investment forums, well as much as he can grasp.

"Big banks". Because small banks are there for charity. Because the biggest owner of mortgages is a government entity. Because banks are in the business of real estate.

> To increase their profits, they need to make more loans.

Stupidity like this brought the housing bubble. Not more. Of better quality. So this guy can be a bank executive, but I guess he lacks the schooling. And he has no idea what's going on. Which is a positive signal: any ignorant can be a speaker. Or write a book.

> You do control real estate.

This reminds me of the various YouTube real estate gurus. He controls it in the sticks where momma raised him with the chickens and the pigs. Back where the gentlemen wear shoes you have more control over real estate, than with stocks, and that is about it. The State can tell you which plants you can cut, can fine you indefinitely for what you have on your lawn, it can even take your house for not trimming the said lawn.

> Real estate gives its owner the ability to control the value of his or her assets.

Right. Because the market buys at whatever value this brat says. You improve the house and than the bubble bursts and you are the best in the market with a loss of half a million. You control the value said he.

> This concept, leverage, allows us to buy more assets than we could buy on our own.

This is a crap ripoff Kyosaky.

> A wholesaler can sometimes be referred to as a bird dog.

Huh?
Profile Image for Brandon Clark.
13 reviews
August 22, 2024
A Must-Read for High Net Worth Traders and Investors

As someone who makes tens of millions annually through day trading in the Forex market, I’m always on the lookout for ways to maximize my wealth and protect my hard-earned money from excessive taxation. Hayden Crabtree's Skip the Flip is a goldmine of information for anyone serious about preserving and growing their wealth, especially if you’re in the upper echelons of income like myself.

This book goes beyond the basic strategies you find in most investment books. Hayden lays out actionable, sophisticated tactics for leveraging real estate in a way that complements high-income trading. The tax advantages alone are worth the read—these insights can easily save someone in my income bracket a substantial amount of money each year.

What I really appreciate is how accessible Hayden makes these advanced concepts. Even if you're deeply entrenched in the fast-paced world of Forex, this book will open your eyes to new avenues of wealth preservation and growth. If you're serious about maintaining and expanding your wealth, Skip the Flip is an absolute must-read.
5 reviews2 followers
January 4, 2022
Simple Read with Great Information

Loved it. Definitely feel the information is valuable and has helped educate me on real estate investing! Would highly recommend.
Profile Image for Tina.
514 reviews32 followers
May 22, 2023
Pros: author is enthusiastic, and explains things really well until 3/4 of the book in. Cons: I have a feeling these concepts are oversimplified but as a beginner, I couldn't tell you exactly what. He started to lose me with all the calculations. Also, it really annoys me when authors say go to my website and read this or watch this video. PUT IT IN THE BOOK. This is why I am reading the book!
Profile Image for Drew Denham.
81 reviews1 follower
July 5, 2021
Great for a new investor but for someone who’s seasoned perhaps not the best read.

The average millionaire has 7 streams of income.

Adopt a new mindset.

The main fundamental to follow to avoid pain in a recession is to buy real estate for cash flow rather than to flip it for a one time profit.

“Ghost expenses” - loopholes and incentives in the US tax code to at allows real estate investors to write off.

Don’t bend your rules on flipping - to make the numbers work.

Realtor is service based business than a real estate business

Underwriting - fancy word for analyzing

Inflation - every year, the value of the dollar is supposed to go down by 2%.

2% increase in rent per year minimum

The cap rate tells us what % of the purchase price the NOI is going to be over a 12 month period

Accelerated depreciation ⭐️⭐️⭐️⭐️⭐️

1031 - when you sell your property you have 45 days to identify a replacement property and 180 days to actually buy the property you say you are going to. The purchase price of the propertie(s) you buy has to more than the sales price of the property you sold.

If you can only identify 3 potential properties, if more you have to buy them all or pay all your taxes ⭐️

Interest paid = interest rate/12 x balance

Don’t wait to buy real estate, buy real estate and wait.

Value add investing ⭐️

Time value of money - a dollar today is worth more than a dollar tomorrow

IRR - need to get more familiar with.

Mortgage constant - 12x monthly payments / loan amount

Need Cash on cash higher, as well as cap rate higher

Potential gross income = monthly rent x number of unit

Accredited investors - $200k a year as single, $300k married (need to make that)

Knowledge without action is useless. Get out of your comfort zone and take action today!
This entire review has been hidden because of spoilers.
5 reviews
March 5, 2021
Decent information on the topic, but most of this can be gleaned from other free sources. He did have some good examples and clear explanations though which were the shining aspect of this book.
Profile Image for Pablo María Fernández.
433 reviews21 followers
April 1, 2023
I’ve been reading books on real estate for a while now. I came across this one because its title called my attention. Not a fan of the fix and flip strategy (I’m not capable of doing it and also in my country it is not a great business) so I got curious to know which advice or strategies the author could provide.

Most of the content is not applicable to my country. On top of that, most of the concepts that Crabtree reveals as Coca Cola’s secret formula are the ones I’ve read and watched on tons of blog posts or YouTube videos. Her style is interesting and engaging. The chapters are really short what makes them easy to read but at the cost of being shallow most of the time. Despite that she manages to include a couple of financial analysis and offers her website for get deeper on the topics. But she does it so frequently that at times it feels as if the book is just a sort of an ad for her website and services.

Concepts she introduced that I liked: you don’t need to be a realtor to invest (and sometimes it makes is worse), many “passive investments” are in reality quite active investments (like flipping), the difference between gambling and investing, why she prefers real estate over stocks and commercial over residential real estate, how she uses some financial tools like IRR, how to take into account taxes that she says are most people’s #1 largest expense and how to use debt to your advantage (unfortunately this is the core of the book and it doesn’t apply at least in my case).

In summary, it is not a disruptive reading but if you are doing some research on this topic, especially if you are in the States, you might find it useful.
Profile Image for Adam.
541 reviews12 followers
February 1, 2021
If everybody wins then everybody wins. Disciplined investor who thinks big. Mr. crabtree is the real deal.

What my 👂 heard ⤵️

contrary to what most people believe I think you should share your business secrets
flipping houses will make you money investing in cash flow real estate will make you wealthy
what's your strongest limiting belief?
if we bet on appreciation we're gambling not investing
the great thing about investing is in real estate is that you own a piece of the world
cars are one time money
pass up deals with no margins
you need to make 30% on a flip house
house flipping can be profitable but it's less stable
most of the time the only time I hear from a tennant is when they're paying me money
commercial real estate has more profit potential less risky and less emotions involved
if everybody wins then
everybody wins
once you correctly invest in real estate you'll be hooked forever
12 reviews
January 31, 2021
This book was very valuable for the information on how to analyze properties, especially because the concepts were broken down well and had spreadsheet screenshots to explain. Really appreciated being walked through how to set up these spreadsheets myself, as that helped me to understand even better than just at a conceptual level.
The rest of the book was elementary, but did break down concepts well. The tone was relaxed and conversational, which is unusual for this topic which is normally very professional.
4 reviews
February 17, 2021
Great Read

Found the information clear and easy to understand. I was blown away by some of the exit strategies and the refi till you die was. Really eye opening. I have several friends who invest in real estate notes and although that is strictly a cash investment it is a safe high yield that cash flows for long lengths of time. Your section on cap rates and value add was again very eye opening. Thank you for this book. GOOD READ!
4 reviews1 follower
March 2, 2023
Required reading for beginners

If you are a beginner, this is a great book to start with. I found it extremely helpful with resources to aid you in understanding. As a beginner, terminology was explained in a manner I could understand and if I didn't, there's a free Facebook group to ask questions.
This definitely whets my appetite and makes me want to delve into commercial real estate investing seriously.
Profile Image for Everson Azevedo.
25 reviews
August 23, 2020
Great book

For a free book specially, this was a great read.
This a good summary of all the great genes of commercial real estate investment.
I recommend this book even if you want to invest in the future,or currently own residential properties only.
The shared knowledge here will be beneficial for you caree.
Remember, it's all about education and network.
Profile Image for Ed Barton.
1,302 reviews
December 7, 2022
Cash Flow Investing

The author covers a lot in this book, but one thing stands out - focusing on cash flow, holding and optimizing real estate is the “secret” to wealth. Hitting on everything from taxes to modeling and property selection, you get high level views of the real estate asset class.
15 reviews
February 25, 2023
Solid 101 class for someone that wants to learn more about real estate. The information is well laid out and simple to understand.

It isn't much help if you are already investing but would be a great resource to a teenager wanting to learn more.

Like every other book everything in it is online for free. The book lays everything out easier than sufing the internet like every other book.
4 reviews
May 19, 2023
Great read and book

This book provides great insight and tips for newbies to start investing in real estate. I like the simple way the author explained the concepts of real estate investing. Just hoping the author would go deeper on explaining how to derive with certain numbers. Overall, very good information. Thank you sharing your knowledge.
Profile Image for colleen mckinney.
1 review1 follower
July 2, 2023
Loaded with information and real numbers

I was planning to get started on my real estate journey into single family homes and after reading this I am rethinking my entire strategy. The numbers and strategies Hayden lays out are so simple to understand and he does this in 219 pages no less! Very valuable!
February 8, 2021
Double check the math and tax info

Basic intro to CRE. But the tax info is completely wrong (passive losses do not offset wages from W2 income) and the math on depreciation and taxes and depreciation + interest and taxes are completely wrong.
July 16, 2021
Amazing and great page turner

I loved this book and read it in less than 2 days between working hours. Amazing simple concepts that I will apply to my real estate investing future.
12 reviews
November 15, 2021
Good, but basic.

Fundamentals explained in easy to understand fashion. However, not enough advanced concepts for more experienced investors. I would rename the book as what 10% know.
Profile Image for Greg Madonna.
Author 2 books3 followers
February 3, 2022
Easy to read but Detailed

This boos is an excellent summary of real estate investing. The writing style is clean, crisp and easy to understand even when discussing complicated topics.
2 reviews
June 23, 2022
Easily digestible book on the basics

I really enjoyed this primer on real estate investing. It breaks down essential concepts into lay terms and makes them accessible to beginners like me.
Profile Image for Brown.girl.reading.
26 reviews1 follower
April 10, 2023
Skip the Flip is a great book for a beginner real estate investor. It goes over a lot of terms and ideas in depth with great examples that are easy to follow. I would recommend it to those who are looking to start their real estate investing career and build wealth.
Profile Image for Chelsea Mariah .
75 reviews1 follower
July 30, 2023
easy to follow

This could definitely be tightened up but it was easy to follow and includes lots of free resources. You won’t find anything totally unique here, but I got what I came for.
12 reviews
July 24, 2022
Great Book. Insightful

Very easy read. Great examples. Hayden does a phenomenal job keeping the reader intrigued and eager to learn more throughout the entire book!
Profile Image for Cara.
Author 20 books97 followers
March 21, 2024
This book was a dopamine flood for me—could not put it down. Now I want buckets of money to invest in real estate.
Profile Image for SEANY ☁️.
5 reviews
April 26, 2024
Charge tenants $25 a month for trash service - hire a trash company for cheap to take trash
- this will increase income and value of property
1 review
October 21, 2024
Very detailed

Lots of info and break down of every details you need. I highly recommend this book for anyone who is trying to escape the matrix of life
Displaying 1 - 30 of 33 reviews

Can't find what you're looking for?

Get help and learn more about the design.