Fixing and Flipping Real Estate [electronic resource] : Strategies for the Post-Boom Era  /
Boardman, Marty.author.
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.
""Contents""; ""About the Author""; ""Acknowledgments""; ""Introduction""; ""What This Book Isnâ€?t""; ""How This Book was Written""; ""Getting Started""; ""Begin with the End in Mind""; ""Begin with the End in Mind""; ""Income Goal""; ""Working Capital Goal""; ""Exit Strategies""; ""Wholesaling""; ""Buying and Holding""; ""Seller (Owner) Financing""; ""Fixing and Flipping""; ""Losing Moneyâ€?Opportunity Costs""; ""Box One: Acquisition""; ""Identifying Your Niche""; ""Target Property""; ""Target Neighborhood""; ""Target Price Point""; ""Target Rehab""; ""Analyzing Deals""
""The Art of Analyzing a Deal""""The Barking Dog Discount""; ""The Busy Street Discount""; ""The Backyard Bonanza""; ""The Block Party Bonanza""; ""Use Online Market Analysisâ€?or a Psychic?""; ""Estimated ARV (After-Repair Value)""; ""Think Like an Appraiser""; ""Income Method""; ""Replacement Cost Method""; ""Sales Comparison Method""; ""Three Reasons You Should Be a Realtor and Real Estate Investor""; ""Access to the Multiple Listing Service (MLS)""; ""Increased Visibility in the Local Real Estate Community""; ""Additional Revenue Streams""; ""Terms of Sale""; ""Case Study: Robin Lane""
""Using Active Listings to Determine ARV""""The Fast Flip Formula""; ""Fixed Costs""; ""Rehab Costs""; ""Offer Price""; ""Acquisition Strategies""; ""Foreclosures""; ""Foreclosure: Judicial vs. Nonjudicial States""; ""Judicial States""; ""Nonjudicial States""; ""Acquiring Preforeclosures""; ""Preforeclosures in the Post-Boom Era""; ""Writing an Offer (Contract) on a Preforeclosure""; ""Short Sale Preforeclosures""; ""Reverse Comping a Short Sale Deal""; ""Negotiating a Short Sale Deal with the Bank""; ""Writing an Offer (Contract) on a Short Sale""; ""Buying at the Foreclosure Auction""
""At the Auction""""Do Your Homework""; ""Winning a Bid""; ""Taking Ownership of the Property""; ""Buying at Auction: Conclusion""; ""Buying REO, Bank- or Lender-Owned Properties""; ""Another Urban Legend: Bank-Owned or REO Tapes""; ""Where Did the Houses Go?""; ""The Meeting""; ""Tapes or Trash?""; ""Pie in the Sky""; ""Have I Burst Your Bubble Yet?""; ""Writing an Offer on a Bank-Owned Property""; ""Buying from Underwater Homeowners Not Yet in Foreclosure""; ""Strategic Default and Investor Opportunity""; ""Buying from Absentee Homeowners""; ""Buying from Other Motivated Home Sellers""
""Common Mistakes""""Mistake #1: Paying Too Much for a Fix-and-Flip""; ""Mistake # 2: Clouds on Title""; ""Mistake #3: Using Private or Hard Money Financing""; ""Box Two: Rehab""; ""First Steps""; ""The Least Sexy Part of Fixing and Flipping""; ""Working on Your Business vs. Working in Your Business""; ""Starting the Rehab Project""; ""Getting Insurance""; ""Securing the Property""; ""Turning on Utilities""; ""Team Building""; ""Hiring Contractors and Tradespeople""; ""The Blind Date""; ""The Courtship""; ""The Engagement""; ""The Rehearsal Dinner""; ""The Wedding""; ""The Honeymoon""
""The Marriage""
"Inside information successful fix-and-flip investors know but won't share with you"--Cover.
Includes index.
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.
Business.
Management science.
Business and Management, general.