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Full Description
Not just another house flipping book You can find plenty of books about flipping houses that claim "anyone can do it." Flipping Houses For Dummies takes a different approach honesty. We don't claim that flipping houses is "easy" or "simple" or "risk-free," because, quite frankly, it isn't. Flipping Houses For Dummies reveals the risks and rewards of flipping properties; helps you determine whether you have the time, energy, cash, and other resources to be successful; and then conveys the expert knowledge that those who wish to pursue house flipping need in order to minimize risk and maximize potential profits in a very competitive market. * Negotiating strategies to close deals faster * Mortgage myths in the new economy * Time- and money-saving tips for making every day and every dollar count * New strategies for scoring bank-owned and foreclosed properties * Quick makeover solutions on everything from curb appeal to kitchens and bathrooms Flipping Houses For Dummies provides plenty of examples of successful and not-so-successful property flips, presenting the total investment (in time and money), the work involved, and the net profit.If you're ready for hard work and big profits, start flipping!
Contents
Introduction 1 Part IChapter 1: Wrapping Your Brain Around the Idea of House Flipping 7 Chapter 2: Do You Have the Right Stuff for Flipping? 19 Chapter 3: Devising an Effective Flipping Strategy 31 Chapter 4: Building Your Dream Team 41 Chapter 5: Securing the Funds to Fuel Your Flips 57 Part II: House Hunting with an Eye for Flipping 79 Chapter 6: Scoping Out a Fertile Neighborhood 81 Chapter 7: Hunting for Houses in Your Target Area 95 Chapter 8: Closing In on Foreclosure Properties 107 Chapter 9: Scoping Out Properties in Special Markets 127 Part III: Evaluating Properties and Crunching Numbers 141 Chapter 10: Researching Distressed Properties 143 Chapter 11: Inspecting the Property and Estimating Rehab Costs 161 Chapter 12: Calculating Your Profit and Maximum Purchase Price 177 Chapter 13: The Art of Haggling: Negotiating a Price and Terms 187 Part IV: Fixing Up Your Fixer-Upper 205 Chapter 14: Prioritizing and Planning Your Renovations 207 Chapter 15: Giving Your Property a Quick Makeover 221 Chapter 16: Perking Up the Curb Appeal 235 Chapter 17: Dazzling the Crowds with Updated Kitchens and Baths 251 Chapter 18: Tackling Moderate Makeovers 265 Chapter 19: Reconfiguring Spaces and Other Structural Overhauls 277 Part V: Cashing In: Realizing Your Profit 289 Chapter 20: Considering Your Options: Cash or Cash Flow ? 291 Chapter 21: Marketing Your Home 303 Chapter 22: Negotiating the Sale to Maximize Your Profit 317 Chapter 23: Trudging Through Some Taxing Issues 329 Part VI: The Part of Tens 339 Chapter 24: Ten Ways to Find Dontwanners 341 Chapter 25: Ten Signs of a Great House-Flipping Opportunity 347 Chapter 26: Ten Common House-Flipping Blunders 351 Index 355