Table of Contents
Introduction 1
What Type of Home Flipper Are You? 1
Sharing the Knowledge 3
Chapter 1 What Is Home Flipping? 5
A Word about the Term "Flipped Home" 6
Renovations before and after the COVID-19 Pandemic 7
The Market for Flipped Homes 8
How Do I Know When or If I Should Buy? 9
How Much Money Will I Make? 11
Before You Jump In 12
Chapter 2 Your Finances 15
Creating Your Budget 16
Financing a Home 19
Case Study 21
Why Cash Is King 22
Chapter 3 Time Is Money 29
The Best Ways to Spend Your Time on Home Flipping 30
Chapter 4 Your Foundation/Legwork 36
How to Pinpoint an Area 39
Hunting for Your House 41
Chapter 5 Assembling Your Team 45
How Do You Find Great Contractors? 47
Tips for Hiring a Contractor 50
Your Realtor Is Vital 52
Chapter 6 The Property Search 53
Is This the One to Renovate? 56
The Home Inspection 61
Chapter 7 The Work Begins 63
The Statement of Work (SOW) 64
Chapter 8 Staging Your Home 71
Cleaning 72
Furnishing 72
Chapter 9 For Sale 77
Choosing Your Realtor 78
The Offer 79
Ensuring the Home Has No Major Faults 81
The Closing 83
Chapter 10 Frequently Asked Questions 85
Conclusion 89
Worksheet Appendix 90
Do the Math to Meet Your Goal 91
Estimated Repair Costs 92
Total Budget 108
Financing Your Home 109
Possible Private Money Lenders 111
Traditional Lenders 112
Daily Expense Form 113
Homes to Consider 114
Possible Home inspectors 115
Competition Log 118
Areas for Consideration 121
Realtor Information 122
Assessing Contractors 123
Possible Properties 125
Home Inspection Information 126
Statement of Work (SOW) 127
Planned Renovations 129
Contractor List 142
Home-Staging Checklist 144
Curb Appeal Plan 144
Weighing the Offers 145
Prepare for the Buyer's Home Inspection 149
About the Author 151