Flipping Houses for Dummies
Flipping Houses for Dummies
Where to buy: www.amazon.com
The book “Flipping Houses for Dummies” was written by Ralph Roberts, a real estate guru, author and speaker who has been awarded Time Magazine’s “The best selling REALTOR in America”. He knows the ins and outs of residential real estate, mortgage and real estate fraud and other topics relating to real estate.
The book covers every important topic you need to know if you are interested in flipping houses. It addresses risks and rewards, how to maximize profits and at the same time minimizing risks.
The book is divided into 6 parts. Part 1 is entitled “Laying the Foundation for Successful Flipping” and talks firstly about the idea of doing it, if you have the right personality to flip houses, flipping strategies etc. Part 2 “Fiddling with the Financials of Property Flipping” talks about profits, securing funds and tax issues. Part 3 “House hunting with an Eye for Flipping” covers the importance of limiting yourself to a geographical area to find flipping properties, inspecting prospective houses with an eye on renovation improvements, negotiating price and foreclosure properties.
Parts 4 – 5 give information on how to prioritize renovations, quick house make-overs, curb appeal, how to market your renovated house, successful showings and selling your home. In Part 6 you read about ten signs for a great house flipping opportunity, 10 common house flipping blunders, ten strategies for surviving a slow market and more.
You can read up on examples of successful and unsuccessful house flips, the work involved, the total monetary investment, profits made and before and after photos to show a novice flipper how to transform a house successfully for a maximum selling price.
