Let's face it--fixing and flipping houses is sexy. Who doesn't love
the idea of buying a rundown, mold-infested shack and transforming
it into someone's dream home for massive profits? Reality TV shows
make it look so easy. A little paint here, some new kitchen
cabinets there, and presto The house is sold for big bucks and
everyone lives happily ever after. If only it were that simple.
Fixing and flipping houses is a business. In order for a business
to survive, prosper, and grow, systems must be put in place. Fixing
and Flipping Real Estate: Strategies for the Post-Boom Era is a
book that breaks down the four essential components of a
fix-and-flip business, giving you the building blocks to
efficiently buy and sell 1 to 20 properties a month in today's
post-boom era housing market. You'll learn about each of the boxes:
* Acquisition--How to find and buy a profitable real estate deal. *
Rehabbing--How to systematically remodel a house and how not to
underimprove, or overimprove, your property. * Sales--How to sell
your flip for the highest possible price in the shortest possible
time.* Raising Capital--How to get the capital you need to grow
your business, including using other people's money, for your real
estate deals without getting sued or going to jail. In the
post-real estate boom era, fixing and flipping is again a solid
business--especially in the sand states--Arizona, California,
Nevada, Texas, and Florida, among others. It's also a good bet in
states as diverse as North Carolina and Washington State. And with
the real estate market projected to bottom out nationally in 2012
(this time for real), there are plenty of houses to be renovated
and plenty of money to be made by the enterprising in all fifty
states. This book shows real estate investors everything they need
to know to get started fixing and reselling houses either as a
substantial sideline or a full-on business. What you'll
learnReaders will learn how to: * Buy bank-owned houses, short
sales from underwater homeowners, and foreclosures at auction. *
Determine your target neighborhood, price point, and property. *
Calculate accurately repair expenses, holding, and closing costs. *
Negotiate with contractors, tradespeople, and suppliers for the
best pricing.* Get distressed home sellers and Realtors calling you
first about great deals. * Use other people's money to help you
reach your financial goals. * Manage risk and invest conservatively
and responsibly in real estate to protect your capital. * Improve
greatly your chances of success by fixing and flipping houses as a
business rather than as a hobby or a lark. Who this book is for If
you've ever thought about supplementing your current income by
fixing and flipping a house, or quitting your job to make flipping
houses your full-time business, then Fixing and Flipping Real
Estate: Strategies for the Post-Boom Era is the book you need. It
is for motivated, entrepreneurial self-starters who want to earn an
extra $10,000 to $200,000 a year while reducing the risk any real
estate investment entails.
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