Flipping Houses For Dummies

Title Page
 Copyright Page
 Table of Contents
 Introduction
 About This Book
 Foolish Assumptions
 Icons Used in This Book
 Beyond the Book
 Where to Go from Here
 Part 1 Getting Started with House Flipping
 Chapter 1 Brushing Up on the Basics
 Grasping the Concept of Flipping
 Spotting distressed property
 Doing your homework
 Making a few minor (or major) alterations
 Reselling your rehabbed property
 Flipping Legally and Ethically
 Flipping illegally
 Flipping legally: Buy, fix, and sell
 Determining Whether You Have What It Takes to Flip
 Devising a Reliable Flipping Strategy. Building an All-Star TeamFinding and Buying a Flippable House
 Rehabbing Your Fixer-Upper
 Planning repairs and renovations
 Applying makeup
 Tidying up the exterior
 Focusing on kitchens and bathrooms
 Making moderate changes
 Tackling structural enhancements
 Profiting from Your Venture
 Chapter 2 Do You Have What It Takes to Flip?
 Tabulating Your Time Budget
 For the time-strapped: Part-time flipping
 All the time in the world: Full-time flipping
 Delegating time-consuming tasks
 Shaking Your Piggy Bank
 Figuring out how much money you need
 Finding cash to fuel your flip. Taking stock of your financial healthHonestly evaluating your debt tolerance
 Taking Your Personality Pulse
 Gathering the Essential Tools of the Trade
 Chapter 3 Devising an Effective Flipping Strategy
 Surveying Different Strategies
 Buy into a hot market
 Buy low, do nothing, and sell quick
 Buy low, apply makeup, and sell quick
 Buy low, renovate, and sell high
 Buy low, move in, renovate, and sell high
 Buy, hold, and lease
 Invest in new construction
 Focus on a niche market
 Flip contracts (or do it all on paper)
 Cook up your own strategy
 Drawing Up a Detailed Plan in Advance. Plan B: Surviving a Flip That FlopsChapter 4 Building Your Dream Team
 Teaming Up with a House Hunter --
a Quality Real Estate Agent
 Recognizing the value of agents
 Picking an agent with the right stuff
 Recruiting Moneymen (and Women)
 Finding financiers
 Hiring an accountant
 Obtaining sound investment advice
 Consulting a Title Company and an Insurance Agent to Cover Your Back
 Locating a Valuable Appraiser
 Adding a Real Estate Lawyer to the Roster
 Lining Up a Home Inspector
 Hiring Contractors and Subcontractors
 Tracking down top-notch contractors and subcontractors. Making sure you and your help are on the same pageFinding a handyman and other helpers
 Chapter 5 Securing the Funds to Fuel Your Flips
 Recognizing the Importance of Being a Cash Buyer
 Tapping Your Own Resources for Cash
 Shaking your piggy bank
 Unleashing the equity of your current home
 Cracking open your retirement nest egg
 Leveraging the Power of Other People's Money
 Convincing a bank to finance your flips
 Passing the hat among friends and family
 Borrowing from a private (hard money) lender
 Partnering with an investor.