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Full Description
Lay the foundation for successful flipping and bring home the bucks
Want to flip houses? This no-nonsense guide gives you the inside scoop on buying, renovating, and selling property, with plenty of time- and money-saving tips to keep you on budget and on schedule. You get savvy strategies for negotiating deals, modernizing for maximum profit, marketing your home, avoiding common blunders, and staying afloat in a slow market.
Make money in any market—discover simple guidelines that will help you profit no matter the economic climate
Secure funding for your flip—explore all your options for the capital you need
Build a budget—understand all the costs you may face and avoid any costly surprises
Maximize your tax savings—get valuable tips on what expenses you can deduct
Find buried real estate treasures—learn how to spot homes with untapped potential and how to buy homes from foreclosures and tax sales
Buy property at the best price—find out negotiation secrets that will add thousands of dollars to your bottom line
Renovate your property for maximum profit—make renovatons that add real value to your home
Market your home—dazzle prospective buyers with thorough marketing materials and home staging
Open the book and find:
Who you need on your team
How to determine a realistic resale price
Creative financing options
What questions to ask before you buy
How to buy foreclosure properties in the U.S.
Which quick fixes enhance a home's value
When to take on major structural enhancements
How to negotiate the sale to maximize your profit
Contents
Introduction 1
Part I: Laying the Foundation for Successful Flipping 7
Chapter 1: Wrapping Your Brain Around the Idea of House Flipping 9
Chapter 2: Do You Have the Right Stuff for Flipping? 23
Chapter 3: Devising an Effective Flipping Strategy 39
Chapter 4: Building Your Dream Team 51
Part II: Fiddling with the Financials of Property Flipping 67
Chapter 5: Guesstimating Your Potential Profit 69
Chapter 6: Securing the Funds to Fuel Your Flip 81
Chapter 7: Trudging Through Some Taxing Issues 103
Part III: House Hunting with an Eye for Flipping 111
Chapter 8: Scoping Out a Fertile Neighbourhood 113
Chapter 9: Hunting for Houses in Your Target Area 127
Chapter 10: Inspecting the Property with an Eye for Rehab 143
Chapter 11: The Art of Haggling: Negotiating a Price and Terms 161
Chapter 12: Closing In on Foreclosure and Tax Sale Properties 179
Part IV: Fixing Up Your Fixer-Upper 195
Chapter 13: Prioritizing and Planning Your Renovations 197
Chapter 14: Giving Your Property a Quick Makeover 213
Chapter 15: Perking Up the Curb Appeal 229
Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths 245
Chapter 17: Sweating Through Some Moderate Makeovers 261
Chapter 18: Reconfiguring Spaces and Other Structural Overhauls 273
Part V: Sold! Selling Your Rehabbed Home 287
Chapter 19: Marketing Your Home 289
Chapter 20: Staging a Successful Showing 301
Chapter 21: Negotiating the Sale to Maximize Your Profit 313
Part VI: The Part of Tens 325
Chapter 22: Ten Signs of a Great House-Flipping Opportunity 327
Chapter 23: Ten Renovation Cost-Cutting Strategies 333
Chapter 24: Ten Common House-Flipping Blunders 339
Chapter 25: Ten Strategies for Surviving a Slow Market 343
Index 347
