|
Table of Contents: Foreword Introduction Why Did I Write This Book? 20 Steps to Your First Rehab Chapter 1: First Concepts What is House Flipping? Does Flipping Still Work in Today's Market? How Much Can I Earn Flipping Houses? What About Taxes? Are You a Contractor or an Investor? Controlling Your Deals Part-Time House Flipping Chapter 2: Get Your Financing In Order First, The Bad News Types of Real Estate Financing Summary of Financing Options Your Financial Resume No Cash? No Credit? Know This! Some Other Tips to Successful Borrowing What About Creative Financing? Chapter 3: Find Your Real Estate Agent What Kind of Agent Do You Need? Becoming Your Own Agent Your License As a Secondary Income Stream Chapter 4: Where Should You Buy? Determining Your Farm Area Analysing Potential Markets My Farm Area Chapter 5: What Should You Buy? Distressed Properties Retail Properties The Foreclosure Process Property Criteria Level of Renovation Chapter 6: Who Should You Buy From? Purchasing From Owners With Equity Purchasing From Absentee Owners w/Equity Purchasing From Owners Without Equity Purchasing Banks Owned Foreclosures (REO) Purchasing Foreclosures at Auction (Trustee Sales) Which Type of Seller is Right for You? Chapter 7: How Will You Find Deals? The Acquisition / Marketing Grid The MLS Online / Auctions Direct Marketing Advertising Internet Marketing Bandit Signs Wholesalers On-Site (Trustee Sales) Other Marketing Techniques Chapter 8: The Flip Formula The Flip Formula Determining Sales Price Calculating Fixed Costs Your Profit Estimating Rehab Costs Chapter 9: Looking at Properties The 100 House Rule Start Looking For Deals Deciding Whether to Make An Offer? Using Price Per Square Foot to Pre-Evaluate Chapter 10: Making Offers State Contract vs. Custom Contract The 5 Big Contract Components Negotiating Tips Chapter 11: Your Due Diligence A Cautionary Tale Due Diligence Tasks Run the Numbers Again What if The Numbers Don't Work? Purchase Checklists Chapter 12: Create Your SOW What is a Statement of Work (SOW)? How Much (Or Little) Renovation Should I Do? Over-Rehabbing Under-Rehabbing The 25 Renovation Components Scope of Work: The Demo House Chapter 13: Create Your Budget Building Our Budget Budget: The Demo House Chapter 14: Create Your Schedule Scheduling Components Scheduling Rules of Thumb Schedule: The Demo House Chapter 15: Hiring Contractors The Spectrum of Contractors The Value of a Great Handyman Creating Your Rehab Team Finding Your Contractors Your Contractor Paperwork Employee or Independent Contractor? Chapter 16: Managing Your Rehab Chapter 17: Agent or FSBO? The Value of a Good Agent When To Consider "For Sale By Owner" What About Flat Fee Listings? Chapter 18: Staging Deciding Whether to Buy or Rent Furniture Top 16 Staging Tips Chapter 19: Buyer Due Diligence Preparing for the Buyer Inspection Dealing With Inspection Issues Handling Appraisals Beware of Buyer Financing Traps Chapter 20: The Closing The Closing Process 10 Tips To Improve Your Closing Success Jacket Description/Back: ENTIRELY REVISED AND UPDATED! Are you inspired to leave your 9-to-5 job and start flipping houses? Written by expert real estate fix-and-flipper J Scott, this revised edition of the best-selling book details a step-by-step plan to succeed in your first--or next--house flip. Find a great investment, learn how to fix it up, and walk away with a profit. In this completely revised and updated edition, you'll find new explanations on the ins-and-outs of flipping real estate in any part of the economic cycle, more options on how to finance your flips, and a focus on larger renovation projects not previously discussed! This no-fluff book contains a detailed flipping blueprint perfect for both the complete newbie or seasoned real estate pro looking to build a profitable house flipping business. In this book, you'll discover how to:
Learn everything you need to know to build a profitable, efficient house flipping business in a practical and easy-to-follow approach--all in one single book! Commendation Quotes: "When it comes to the house flipping business, there are only a few people I trust and J Scott is one of them. The Book on Flipping Houses is an excellent guide that can help you understand the inner workings of a very complex and lucrative business."
Commendation Quotes: "J Scott is one of the premier real estate investing writers in the industry. He has a knack for delivering top-notch content in a way that is easily understood by everyone. He backs up his writing with experiences in everything he writes about. This book is one of the best ever written on the subject of flipping houses. Highly recommended!"
Commendation Quotes: "I've been investing in real estate as a flipper and landlord for over 16 years, and this is the only book I'd recommend to teach flipping houses. J knows his stuff, and more importantly, he knows how to explain difficult concepts in a way that everyone can understand. If you are at all interested in flipping houses, buy this book. You won't regret it."
Commendation Quotes: "This book is not about motivating you and then leaving you hanging. Instead, it is packed with real-world advice, written honestly with both the good and the bad. If you are looking for all of the things you need to know, whether you are starting your first flip or your hundredth, this book is THE Book on Flipping Houses!"
Commendation Quotes: "Learn the step-by-step process of house flipping from the best in the business. This book is the perfect blend of fix-and-flip concepts, tactics and real-world examples." --Joe Fairless, author of Best Ever Apartment Syndication Book "This book is not about motivating you and then leaving you hanging. Instead, it is packed with real-world advice, written honestly with both the good and the bad. If you are looking for all of the things you need to know, whether you are starting your first flip or your hundredth, this book is THE Book on Flipping Houses!" --Brian Burke, President/CEO of Praxis Capital Inc. and has flipped over 500 homes "I've been investing in real estate as a flipper and landlord for over 16 years, and this is the only book I'd recommend to teach flipping houses. J knows his stuff, and more importantly, he knows how to explain difficult concepts in a way that everyone can understand. If you are at all interested in flipping houses, buy this book. You won't regret it." --Chad Carson, author of Retire Early With Real Estate & coachcarson.com "When it comes to the house flipping business, there are only a few people I trust and J Scott is one of them. The Book on Flipping Houses is an excellent guide that can help you understand the inner workings of a very complex and lucrative business." --Seth Williams, Founder of RETipster.com "J Scott is one of the premier real estate investing writers in the industry. He has a knack for delivering top-notch content in a way that is easily understood by everyone. He backs up his writing with experiences in everything he writes about. This book is one of the best ever written on the subject of flipping houses. Highly recommended!" --Mark Ferguson, Flipper, landlord, and creator of InvestFourMore.com Description for Sales People: The first edition of this book sold more than 50,000 units, plus 6,000 units on Kindle. Brief Description: This no-fluff book contains detailed, step-by-step training perfect for both the complete newbie or seasoned pro looking to build a killer house-flipping business. In this book you'll discover: --How to get financing for your deals, even with no cash and poor credit! --How to evaluate a potential market or "farm" area! --What types of properties you should buy, where and from whom! --How to find great deals from motivated sellers! --How to evaluate deals quickly and accurately! --How to make competitive offers and complete your due diligence efficiently and effectively! --How to create a Scope of Work, a Budget and a Schedule! --How to hire the best contractors and manage your rehab to completion! --How to get your properties under contract for top dollar! --How to get your property to the closing table as efficiently as possible so you can collect your check! Publisher Marketing: More than 175,000 copies sold Turn distressed properties into consistent profits without getting burned by bad deals, unreliable contractors, or market downturns. Successful house flipping is about having the right system--one that helps you identify profitable deals, manage renovation efficiently, and sell properties quickly regardless of market conditions. When you know what to look for and how to execute properly, this "risky" real estate strategy becomes a reliable wealth-building vehicle instead of a gamble. This highly-rated guide comes from an expert who has hands-on knowledge of flipping houses at scale. J Scott has transacted over $60 million in property nationwide--buying, building, rehabbing, selling, and lending across multiple markets and economic cycles. As the author of four BiggerPockets books with over 375,000 copies sold, J Scott gives you everything you need to build a profitable and efficient house-flipping business. With this book, you'll master every phase of the process:
Contributor Bio:Scott, J |
Author: Scott, J
Publisher: Biggerpockets Publishing, LLC
Binding: Paperback
Pub Date: 2019-01-17
BISAC: Business & Economics|Real Estate|Buying & Selling Homes|Business & Economics|Personal Finance|Investing|Business & Economics|Project Management
Subjects: Flipping (Real estate investment)|Real estate investment|House buying|House selling|Real estate business|BUSINESS & ECONOMICS / Real Estate / Buying &
Weight: 0.85 lbs
ISBN: 9781947200104
ASIN: -
SKU: SP-9781947200104
