J. Scott

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties

• Broschiertes Buch

Produktbeschreibung

Are you inspired to leave your 9-to-5 job and start flipping houses? Learn how to find a great investment property, fix it up, and walk away with a profit.

Produktdetails

• Fix-And-Flip Nr.1
• Verlag: Biggerpockets Publishing
• Seitenzahl: 320
• Erscheinungstermin: 17. Januar 2019
• Englisch
• Abmessung: 226mm x 151mm x 22mm
• Gewicht: 436g
• ISBN-13: 9781947200104
• ISBN-10: 1947200100
• Artikelnr.: 52914816

Autorenporträt

J Scott spent much of his early career in Silicon Valley, where he held management positions at several Fortune 500 companies, including Microsoft and eBay. In 2008, J and his wife Carol decided to quit their corporate jobs, move back East, start a family, and focus on real estate investing. In the past ten years, they have bought, built, rehabbed, sold, lent-on and held over $60M in property all around the country. J is also the co-host of The BiggerPockets Business Podcast and the author of four books on real estate investing, which have sold over 200,000 copies and have helped investors from around the world get started with real estate. J and his family currently live in Sarasota, FL.

Inhaltsangabe

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