Whether you’re looking to make a career out of flipping homes or see it as a part-time venture, you can make fast money legitimately.
Before you get started, you need to know the right way to flip, regardless of local market conditions and current economic trends.
There’s more to flipping than redoing a kitchen or staging a property. Every deal is different, and each investor must have a clear business strategy. Expert investors William Bronchick and Robert Dahlstrom have learned how to be successful in all types of marketsand now they share their secrets with you.
From the bestselling authors of Flipping Properties, which brought the term “flipping” to American households, The Business of Flipping Homes is an A-to-Z guide for both new and seasoned investors. The book explains what flipping is and isn’t, goes beyond the investment of a basic single-family home, and demonstrates how to find, renovate, and sell properties using proven methods.
With more than 40 years combined experience in buying and selling investment properties, Bronchick and Dahlstrom explain how to avoid many of the pitfalls and issues that could drain your funds and come back to haunt you. They give systematic approaches on long-term planning, including how to find and work with partners, structure a business, and utilize your specific talents, resources, and aspirations in realistic ways. You’ll learn how to figure out timelines, work with real-estate agents, understand the paperwork, analyze the numbers, utilize technology, and, most important, find the money.
|Publisher:||BenBella Books, Inc.|
|Product dimensions:||5.90(w) x 8.90(h) x 1.00(d)|
About the Author
William Bronchick is a nationally known attorney, author and public speaker. He has trained people all over the country to become financially successful. He has shared the stage with names such as Rudy Giuliani, Steve Forbes, and Colin Powell. He has appeared on CNN, CSPAN and CNBC, and has been quoted by publications such as Time, Forbes, USA Today, and The Wall Street Journal. He is the co-founder of the Colorado Association of Real Estate Investors and the Executive Director of the College of American Real Estate Investors. Bronchick is a member of the Colorado and American Bar Associations.
Robert Dahlstrom is a well-known investor, entrepreneur and real estate broker. He holds an MBA and a BS in accounting. He has helped many small businesses as a marketing consultant and spent five years as the CFO of one of the nation’s largest lead generation companies. He has been interviewed by national radio and print media and is a popular speaker/educator. He was a founding board member of the Colorado Association of Real Estate Investors and leader of its Northwest group. He has been personally involved in hundreds of transactions and worked with a group that has purchased over 4,000 foreclosures. Having built houses and duplexes from the ground up, Dahlstrom is an expert in finding and assessing potential purchases, estimating expenses and managing the rehab process through the sale.
Table of Contents
Part I Getting It Going
Chapter 1 Flipping Explained 3
Chapter 2 The Basics of Real-Estate Transactions 11
Chapter 3 Finding Deals 19
Chapter 4 Using Social Media 41
Chapter 5 Analyzing Deals 49
Chapter 6 Funding Deals 63
Part II Knowing the Details
Chapter 7 Contracts and Agreements 73
Chapter 8 Foreclosures 87
Chapter 9 Wholesaling 87
Chapter 10 Contract through Closing 105
Part III Getting to Work
Chapter 11 The Rehab: Planning It 117
Chapter 12 The Rehab: Doing It 135
Chapter 13 The Rehab: Managing It 151
Chapter 14 The Rehab: Staging It 171
Chapter 15 The Rehab: Selling It 183
Part IV Minding Your Business
Chapter 16 Success in a Changing Market 197
Chapter 17 Liability Issues 209
Chapter 18 Tax Issues Involved in Flipping Properties 215
Chapter 19 The Business Side of Flipping 223
About the Authors 293