Get in the Game: Flipping Houses for Dummies

When done strategically, successful flipping can bring home the bucks
When done strategically, successful flipping can bring home the bucks

RISMEDIA, December 12, 2006-Real estate ?flipping,? or buying a property cheaply, renovating it to add value, and quickly reselling it at or near market value for a profit, is on the rise. With the growing popularity of hit television shows like ?Property Ladder? on TLC, Discovery?s ?Flip That House,? and ?Flip This House? on A&E, it’s no secret that people are eager to learn more about the flipping investment strategy. If you want to get in the game, or you’re already in it and want expert advice and tips to become more successful, the newly published, first edition of Flipping Houses For by Ralph R. Roberts and Joe Kraynak, can be your guide.

This no-nonsense resource gives the start-to-finish scoop on buying, renovating, and selling property, with plenty of time- and money-saving tips to keep you on budget and on schedule. Flipping Houses For Dummies will teach how to:

Find properties to flip

Project your profits

Secure financing

Draw in buyers

Work with contractors, agents, and other real estate professionals

Steer clear of legal gray areas, including cash back at closing schemes

Flipping Houses For Dummies will also show you savvy strategies for negotiating deals, modernizing for maximum profit, marketing your home, avoiding common blunders, and staying afloat in a slow market. Also included is coverage on negotiating, property inspections, mortgages, taxes, and working with contractors, brokers, and real estate agents.

Like all For Dummies? books, Flipping Houses For Dummies concludes with the ?Part of Tens,? including ?Ten Renovation Cost-Cutting Strategies,? like hiring students over the summer and buying overstocked or discontinued building materials and ?Ten Common House Flipping Blunders? such as failing to inspect the property before closing on it. The ?Cheat Sheet? provides lists of signs of an attractive fixer-upper and potential money pit, as well as check lists for home staging and cosmetics.

For more information, visit Ralph R. Roberts?s Web site, www.aboutralph.com.

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