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Description
Everything the novice needs to flip houses in Canada
Flipping Houses For Canadians For Dummies can help you turn a quick and tidy profit by buying, fixing up, and reselling real estate. You'll learn to locate potential properties, get good deals on your purchases, complete high-value renovations, and sail through the selling process. Flipping houses can be profitable in any economic climate—as long as you know how to add real value to the properties you buy. This beginner-friendly guide covers all the important variables, so you can buy, renovate, and sell with confidence. Flipping Houses For Canadians For Dummies is perfect for responsible investors who want to flip houses the right way.
- Learn what it takes to flip houses, and get a step-by-step introduction to the process
- Get tips on negotiating, property inspections, mortgages, taxes, and working with contractors
- Avoid legal gray areas and optimize your tax situation
- Profit in any real estate market, thanks to tried-and-true, Canada-specific advice
Anyone exploring house flipping as an investment strategy needs this book. It's also a great choice for those who already have some experience but want to become more successful in the Canadian market.
Table of Contents
Introduction 1
Part 1: Getting Started with House Flipping 5
Chapter 1: Brushing Up on the Basics 7
Chapter 2: Devising an Effective Flipping Strategy 23
Chapter 3: Building Your Dream Team 35
Chapter 4: Securing the Funds to Fuel Your Flips 51
Part 2: House Hunting with an Eye for Flipping 75
Chapter 5: Scoping Out a Fertile Neighbourhood 77
Chapter 6: Hunting for Houses in Your Target Area 93
Chapter 7: Closing In on Court-Ordered Sales 113
Chapter 8: Scoping Out Government-Owned Properties 129
Part 3: Evaluating Properties and Crunching Numbers 137
Chapter 9: Inspecting the Property and Estimating Reno Costs 139
Chapter 10: Calculating Your Profit and Best Offer 159
Chapter 11: The Art of Haggling: Negotiating a Price and Terms 171
Part 4: Fixing Up Your Fixer-Upper 185
Chapter 12: Building and Managing a Renovation Team 187
Chapter 13: Prioritizing and Planning Your Renovations 199
Chapter 14: Giving Your Property a Quick Makeover 215
Chapter 15: Perking Up the Curb Appeal 229
Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths 245
Chapter 17: Tackling Moderate Makeovers 261
Chapter 18: Reconfiguring Spaces and Other Structural Overhauls 273
Part 5: Cashing In: Realizing Your Profit 285
Chapter 19: Considering Your Options: Cash or Cash Flow? 287
Chapter 20: Marketing Your Home 297
Chapter 21: Negotiating the Sale to Maximize Your Profit 311
Chapter 22: Trudging through Some Taxing Issues 323
Part 6: The Part of Tens 333
Chapter 23: Ten Tips for Flipping Condos 335
Chapter 24: Ten Signs of a Great House Flipping Opportunity 343
Chapter 25: Ten House Flipping Blunders 349
Index 355
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