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Go head-over-heels for house flipping! Flipping houses profitably may not be easy, but it's far from impossible. With the right guide, you can avoid the risks and reap the rewards like a seasoned expert. Flipping Houses For Dummies is that guide. The perfect blueprint to property resale, this book walks you through the absolute necessities of house flipping. You'll learn how to confirm that you have enough time, energy, cash, and resources to be successful. You'll also get an inside look at the house flipping process that'll show you how to minimize risk and maximize profit in a highly competitive market. Flipping Houses For Dummies offers: Proven negotiating techniques to close real estate deals fasterHouse flipping laws and regulations for every state in the unionStrategies to successfully complete a big renovation, on-time and on-budgetHouse flipping tips for both investors and contractorsComprehensive content on hiring and working with reputable contractorsSo, if you're ready to start revitalizing your community by turning neglected properties into prize homes, Flipping Houses For Dummies is the first and last resource you'll need to navigate your way around the exciting and challenging world of real estate investment.
Ralph R. Roberts is a real estate expert, investor, and author. He has sold over 10,000 homes, and focuses on affordable housing. He wants to help everyone become a homeowner! Ralph is the author of the previous edition of Foreclosure Investing For Dummies, as well as many other publications.
Introduction 1Part 1: Getting Started with House Flipping 5Chapter 1: Brushing Up on the Basics 7Chapter 2: Devising an Effective Flipping Strategy 19Chapter 3: Building Your Dream Team 31Chapter 4: Securing the Funds to Fuel Your Flips 47Part 2: House Hunting with an Eye for Flipping 69Chapter 5: Scoping Out a Fertile Neighborhood 71Chapter 6: Hunting for Houses in Your Target Area 87Chapter 7: Closing In on Foreclosure Properties 103Chapter 8: Scoping Out Properties in Special Markets 125Part 3: Evaluating Properties and Crunching Numbers 141Chapter 9: Researching Distressed Properties 143Chapter 10: Inspecting the Property and Estimating Rehab Costs 163Chapter 11: Calculating Your Profit and Best Offer 181Chapter 12: The Art of Haggling: Negotiating a Price and Terms 193Part 4: Fixing Up Your Fixer-Upper 207Chapter 13: Building and Managing Your Rehab Team 209Chapter 14: Prioritizing and Planning Your Renovations 221Chapter 15: Giving Your Property a Quick Makeover 235Chapter 16: Perking Up the Curb Appeal 249Chapter 17: Dazzling the Crowds with Updated Kitchens and Baths 265Chapter 18: Tackling Moderate Makeovers 281Chapter 19: Reconfiguring Spaces and Other Structural Overhauls 291Part 5: Cashing In: Realizing Your Profit 303Chapter 20: Considering Your Options: Cash or Cash Flow? 305Chapter 21: Marketing Your Home 317Chapter 22: Negotiating the Sale to Maximize Your Profit 331Chapter 23: Trudging through Some Taxing Issues 343Part 6: The Part of Tens 353Chapter 24: Ten Ways to Find Dontwanners 355Chapter 25: Ten Signs of a Great House Flipping Opportunity 363Chapter 26: Ten House Flipping Blunders 369Index 375