Flipping Houses For Dummies

( 6 )

Overview

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 ...

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Overview

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!

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Editorial Reviews

From the Publisher
"It promised to teach would-be property moguls how to "lay the foundation for successful flipping and bring home bucks”." (Economist, March 2007)
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Product Details

  • ISBN-13: 9781118801635
  • Publisher: Wiley
  • Publication date: 1/28/2014
  • Series: For Dummies Series
  • Edition number: 2
  • Pages: 384
  • Sales rank: 94,913
  • Product dimensions: 7.30 (w) x 9.20 (h) x 0.90 (d)

Meet the Author

Ralph R. Roberts is a master at flipping houses, earning a profit even in the depressed real estate market in Detroit, Michigan. Roberts is recognized nationally for his success in real estate, particularly in the field of foreclosures. Joe Kraynak is a freelance author and writing consultant who has written and coauthored numerous books on a wide range of topics. He is a valued partner and advisor to many For Dummies authors.

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Table of Contents

Introduction 1

Part I: Laying the Foundation for Successful Flipping 5

Chapter 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

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Customer Reviews

Average Rating 3.5
( 6 )
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Sort by: Showing all of 6 Customer Reviews
  • Anonymous

    Posted December 26, 2012

    It was the first book I bought on flipping and it was helpful an

    It was the first book I bought on flipping and it was helpful and informative; the writer is interesting and he writes with humor.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted February 18, 2008

    A reviewer

    Outstanding!

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted February 10, 2010

    No text was provided for this review.

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    Posted March 10, 2013

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    Posted April 10, 2010

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    Posted July 31, 2011

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