Flipping Properties

Real estate investing has historically been one of the most consistent ways to achieve great wealth. Focusing on proven strategies for buying and selling properties quickly (known as 'flipping'), this book offers new and seasoned investors details on how to generate cash from this popular real estate investment method.

Authors William Bronchick and Robert Dahlstrom outline a step-by-step process for generating cashflow with or without a stellar credit record, a large sum of cash or a real estate licence. These guidelines to help tailor a practical investing game plan for both experienced investors and beginners. To make a solid start, the authors reveal the essential elements of real estate transactions, as well as the basics of what makes flipping such a smart way to invest in real estate.

Covering prepurchase through closing and beyond, Flipping Properties is a complete reference that also includes legal forms, sample contracts, hands-on checklists and sample advertising and marketing materials designed to make properties sell. At the heart are practical strategies for finding and buying bargain properties, then rapidly reselling them for cash profit.

Readers learn how to:

    * Locate, analyze and negotiate the best deals on the most profitable properties

    * Move from offer to contract without the headaches

    * Identify sources of funding to close the deal

    * Estimate the risks and rewards of investing in properties to renovate

    * Operate a flipping business legally and ethically

    * Profit from real estate investing either part-time or full-time

Contents include:

    * The Concept of Flipping Properties

    * The Mechanics of Real Estate Transactions

    * Proven Ways to Find Deals

    * Analysing a Good Deal

    * The Art of Negotiating the Deal

    * Putting It In Writing

    * Finding The Money To Buy The Properties

    * The Closing Process

    * Renovating Properties

    * Liability and Tax Issues

    * Getting Started

    * Appendix: Good Deal Checklist

    * Appendix: Sample Ads

    * Appendix: Sample Forms

    * Appendix: Internet Resources