Flipping Houses For Dummies

✍ Scribed by Kraynak, Joseph;Roberts, Ralph R

• Publisher: John Wiley & Sons, Incorporated
• Year: 2017
• Tongue: English
• Edition: 3rd ed
• Category: Library

✦ Synopsis

Title Page; Copyright Page; Table of Contents; Introduction; About This Book; Foolish Assumptions; Icons Used in This Book; Beyond the Book; Where to Go from Here; Part 1 Getting Started with House Flipping; Chapter 1 Brushing Up on the Basics; Grasping the Concept of Flipping; Spotting distressed property; Doing your homework; Making a few minor (or major) alterations; Reselling your rehabbed property; Flipping Legally and Ethically; Flipping illegally; Flipping legally: Buy, fix, and sell; Determining Whether You Have What It Takes to Flip; Devising a Reliable Flipping Strategy.

✦ Table of Contents

Title Page
Copyright Page
Table of Contents
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part 1 Getting Started with House Flipping
Chapter 1 Brushing Up on the Basics
Grasping the Concept of Flipping
Spotting distressed property
Doing your homework
Making a few minor (or major) alterations
Reselling your rehabbed property
Flipping Legally and Ethically
Flipping illegally
Flipping legally: Buy, fix, and sell
Determining Whether You Have What It Takes to Flip
Devising a Reliable Flipping Strategy. Building an All-Star TeamFinding and Buying a Flippable House
Rehabbing Your Fixer-Upper
Planning repairs and renovations
Applying makeup
Tidying up the exterior
Focusing on kitchens and bathrooms
Making moderate changes
Tackling structural enhancements
Profiting from Your Venture
Chapter 2 Do You Have What It Takes to Flip?
Tabulating Your Time Budget
For the time-strapped: Part-time flipping
All the time in the world: Full-time flipping
Delegating time-consuming tasks
Shaking Your Piggy Bank
Figuring out how much money you need
Finding cash to fuel your flip. Taking stock of your financial healthHonestly evaluating your debt tolerance
Taking Your Personality Pulse
Gathering the Essential Tools of the Trade
Chapter 3 Devising an Effective Flipping Strategy
Surveying Different Strategies
Buy into a hot market
Buy low, do nothing, and sell quick
Buy low, apply makeup, and sell quick
Buy low, renovate, and sell high
Buy low, move in, renovate, and sell high
Buy, hold, and lease
Invest in new construction
Focus on a niche market
Flip contracts (or do it all on paper)
Cook up your own strategy
Drawing Up a Detailed Plan in Advance. Plan B: Surviving a Flip That FlopsChapter 4 Building Your Dream Team
Teaming Up with a House Hunter --
a Quality Real Estate Agent
Recognizing the value of agents
Picking an agent with the right stuff
Recruiting Moneymen (and Women)
Finding financiers
Hiring an accountant
Obtaining sound investment advice
Consulting a Title Company and an Insurance Agent to Cover Your Back
Locating a Valuable Appraiser
Adding a Real Estate Lawyer to the Roster
Lining Up a Home Inspector
Hiring Contractors and Subcontractors
Tracking down top-notch contractors and subcontractors. Making sure you and your help are on the same pageFinding a handyman and other helpers
Chapter 5 Securing the Funds to Fuel Your Flips
Recognizing the Importance of Being a Cash Buyer
Tapping Your Own Resources for Cash
Shaking your piggy bank
Unleashing the equity of your current home
Cracking open your retirement nest egg
Leveraging the Power of Other People's Money
Convincing a bank to finance your flips
Passing the hat among friends and family
Borrowing from a private (hard money) lender
Partnering with an investor.

✦ Subjects

Flipping (Real estate investment);House buying;House buying--United States;Real estate investment;Real estate investment--United States;Handbooks and manuals;Electronic books;Real estate investment -- United States -- Handbooks, manuals, etc;Flipping (Real estate investment) -- Handbooks, manuals, etc;House buying -- United States -- Handbooks, manuals, etc;United States