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Flipping Houses for Dummies, 2nd Edition


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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

About 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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