Flipping Houses For Dummies »

Ralph R. Roberts’s success in real estate sales is legendary. He has been profiled by the Associated Press, CNN, and Time magazine and has done hundreds of radio interviews. Ralph is a seasoned professional in all areas of house flipping, including buying homes, rehabbing, and reselling them quickly and at a handsome profit. He has penned several successful titles, including Sell It Yourself: Sell Your Home Faster and for More Money Without Using a Broker (Adams Media Corporation), Walk Like a Giant, Sell Like a Madman: America’s #1 Salesman Shows You How To Sell Anything (Collins), 52 Weeks of Sales Success: America’s #1 Salesman Shows You How To Close Every Deal! (Collins), and REAL WEALTH by Investing in REAL ESTATE (Prentice Hall). In Flipping Houses For Dummies, Ralph reveals the tips and tricks he has hammered out and nailed in his over-30-year career.

Joe Kraynak is a freelance author who has written and coauthored dozens of books on topics ranging from slam poetry to computer basics. Joe teamed up with Dr. Candida Fink to write his first book in the For Dummies series, Bipolar Disorder For Dummies, where he showcased his talent for translating the complexities of a topic into plain-spoken, practical advice. In Flipping Houses For Dummies, Joe teams up with legendary real estate pro Ralph Roberts to produce the ultimate guide to profitable real estate flipping—flipping the right way.

Covers taxes, mortgages, and inspections

Lay the foundation for successful flipping and bring home the bucks

Want to flip houses? This no-nonsense guide gives you the inside scoop on buying, renovating, and selling property, with plenty of time- and money-saving tips to keep you on budget and on schedule. You get savvy strategies for negotiating deals, modernizing for maximum profit, marketing your home, avoiding common blunders, and staying afloat in a slow market.

Discover how to

• Find properties to flip

• Project your profits

• Secure financing

• Draw in buyers

• Work with contractors, agents, and other real estate professionals

• Steer clear of legal gray areas

Introduction.

Part I: Laying the Foundation for Successful Flipping.

Chapter 1: Wrapping Your Brain Around the Idea of House Flipping.

Chapter 2: Do You Have the Right Stuff for Flipping?

Chapter 3: Devising an Effective Flipping Strategy.

Chapter 4: Building Your Dream Team.

Part II: Fiddling with the Financials of Property Flipping.

Chapter 5: Guesstimating Your Potential Profit.

Chapter 6: Securing the Funds to Fuel Your Flip.

Chapter 7: Trudging Through Some Taxing Issues.

Part III: House Hunting with an Eye for Flipping.

Chapter 8: Scoping Out a Fertile Neighborhood.

Chapter 9: Hunting for Houses in Your Target Area.

Chapter 10: Inspecting the Property with an Eye for Rehab.

Chapter 11: The Art of Haggling: Negotiating a Price and Terms.

Chapter 12: Closing In on Foreclosure Properties.

Part IV: Fixing Up Your Fixer-Upper.

Chapter 13: Prioritizing and Planning Your Renovations.

Chapter 14: Giving Your Property a Quick Makeover.

Chapter 15: Perking Up the Curb Appeal.

Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths.

Chapter 17: Sweating Through Some Moderate Makeovers.

Chapter 18: Reconfiguring Spaces and Other Structural Overhauls.

Part V: Sold! Selling Your Rehabbed Home.

Chapter 19: Marketing Your Home.

Chapter 20: Staging a Successful Showing.

Chapter 21: Negotiating the Sale to Maximize Your Profit.

Part VI: The Part of Tens.

Chapter 22: Ten Signs of a Great House Flipping Opportunity.

Chapter 23: Ten Renovation Cost-Cutting Strategies.

Chapter 24: Ten Common House Flipping Blunders.

Chapter 25: Ten Strategies for Surviving a Slow Market.

Index.