Can I flip houses like they do on the television shows? What are the risks associated with flipping? How much money can I make flipping houses? Are there any tax pitfalls to flipping? Flipping houses is one of the fastest growing ways to invest in real estate, but most of the information on the subject is confusing and conflicting. The House Flipping Answer Book is an authoritative reference for you, providing sound advice and immediate answers...
Can I flip houses like they do on the television shows? What are the risks associated with flipping? How much money can I make flipping houses? Are there any tax pitfalls to flipping? Flipping houses is one of the fastest growing ways to invest in real estate, but most of the information on the subject is confusing and conflicting. The House Flipping Answer Book is an authoritative reference for you, providing sound advice and immediate answers to your most pressing questions.
Written by an attorney and successful real estate investor, The House Flipping Answer Book answers your most important questions including:
--What kind of person will be successful at flipping?
--How do I get started in flipping?
--What is an option and how does it work?
--What quick fixes can be done easily and inexpensively?
--What regulatory requirements will I need to meet before beginning repairs or remodeling?
--How do I prepare a budget for a flip?
--How can I make my house more marketable?
Written in an easy-to-read, question and answer format, The House Flipping Answer Book helps you understand how to successfully flip a property for profit.
Denise L. Evans, Attorney at Law, is a licensed commercial real estate broker with a very active practice. A graduate of the University of Alabama Law School, she has over twenty years of experience successfully implementing her real estate secrets and insights.
Denise L. Evans received her law degree from the University of Alabama Law School, with a concentration in real estate, tax, and finance. While a law student, she served on the Board of Editors for the Journal of the Legal Profession, published two scholarly articles, was Director of the Legal Research Department, and clerked with a law firm that had a large real estate practice. She graduated at the top of her class, earning the prestigious Henderson M. Somerville Prize. Afterwards, she spent several years in Houston, Texas in commercial litigation, much of it real estate-related. At the pinnacle of her legal career, she headed a specialized department of eight litigation attorneys and support staff, and conducted legal training for lawyers throughout south Texas.
Today, she is a successful business woman in a variety of real estate-related businesses, including one which she sold several years ago for a profit of several million dollars. She is a licensed commercial real estate broker with a very active practice. She has twenty years of experience in conducting seminars, consulting, and passing on her secrets and insights to other people, as well as successfully implementing them herself. Ms. Evans has implemented, tested, and proven all of the concepts in How to Make Money on Foreclosures.
Never content to rest on her laurels, she applied for, and was accepted as, a candidate for the coveted CCIM (Certified Commercial Investment Member) designation. Ms. Evans serves on the finance committee of the Birmingham chapter of CREW (Commercial Real Estate Women) and is a research associate for the Alabama Real Estate Research and Education Center at the University of Alabama. She organized a very successful merchants' association for her part of town, and serves as President.
She resides with her husband, two Chinese Pugs, a German Shepherd, half a million honey bees (really!) and assorted wildlife on forty acres of relatively blissful peace on Lake Tuscaloosa, in Alabama.
Chapter 1: Introduction to Flipping Houses
Chapter 2: Financials
Chapter 3: Finding and Buying A House to Flip
Chapter 4: Options
Chapter 5: Fixing Up a House
Chapter 6: Particular Projects
Chapter 7: Selling Your House
Appendix A: Sample Loan Request
Appendix B: Sample House Flipping Business Plan
Appendix C: Checklist of Construction/Rehab/Renovation Expense Categories
Appendix D: Sources of Information about Potential Flip Opportunities
Appendix E: Real Estate Information by State