FLIPPING HOUSES FOR DUMMIES - Lay the foundation for successful flipping and bring home the bucks in Macomb County!
January 22, 2007 by Ralph Roberts comments (1)
Real estate “flipping,” or buying a property cheaply, renovating it to add value, and quickly reselling it at or near market value for a profit, is on the rise. With the growing popularity of hit television shows like “Property Ladder” on TLC, Discovery’s “Flip That House,” and “Flip This House” on A&E, it’s no secret that people are eager to learn more about the flipping investment strategy. If you want to get in the game, or you’re already in it and want expert advice and tips to become more successful, the newly published, first edition of Flipping Houses For Dummies (Wiley; November 2006; 364 pages) by Ralph R. Roberts (of Macomb County) and Joe Kraynak, is here to help.
This no-nonsense guide gives you the start-to-finish scoop on buying, renovating, and selling property, with plenty of time- and money-saving tips to keep you on budget and on schedule. Flipping Houses For Dummies will teach you 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, including cash back at closing schemes
And that’s not all. Flipping Houses For Dummies will show you savvy strategies for negotiating deals, modernizing for maximum profit, marketing your home, avoiding common blunders, and staying afloat in a slow market. Also included is coverage on negotiating, property inspections, mortgages, taxes, and working with contractors, brokers, and real estate agents.
Like all For Dummies® books, Flipping Houses For Dummies concludes with the “Part of Tens,” including “Ten Renovation Cost-Cutting Strategies,” like hiring students over the summer and buying overstocked or discontinued building materials and “Ten Common House Flipping Blunders” such as failing to inspect the property before closing on it. The always helpful “Cheat Sheet” provides lists of signs of an attractive fixer-upper and potential money pit, as well as check lists for home staging and cosmetics.
Learn how to flip houses the right way with Flipping Houses For Dummies!
About the Authors
Ralph R. Roberts’s success in real estate sales is legendary. He owns the local Macomb County real estate office Ralph Roberts Realty, LLC. He has been profiled by the Associated Press, CNN, and Time magazine and has done hundreds of radio interviews. He’s 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).
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.
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