The Home Flipper's Journal: Your All-in-One Logbook for Organizing and Executing a Successful Home Flip

by Nancy Dunham

Overview

Keep your renovation project on track with this all-in-one log book for organizing and executing a successful home flip.

Whether you’re a first-time house flipper or experienced flipping pro, executing a financially effective house makeover requires patience, time, and, above all else, extreme organization. Now, buying, renovating, and selling a home has never been easier, thanks to this ultimate organizational tool. Keep track of all the major improvements and little details in one handy place with included:

• Easy-to-use resale value charts
• Property feature worksheets
• Budget trackers
• Contractor logs
• And much more!

You’ll also find plenty of tips and tricks for successful financing and construction, as well as important information about the resale market. This journal is the perfect guide to a profitable home-flipping experience!

Product Details

ISBN-13:	9781646041985
Publisher:	Ulysses Press
Publication date:	11/23/2021
Pages:	160
Product dimensions:	7.50(w) x 9.25(h) x 0.60(d)

About the Author

Nancy Dunham is a former staff editor with Bob Vila and has written about real estate, home improvement, and home flipping for USA Today, Weichert, Costco Connections, and other publications. Her work also appears in AARP, The New York Times, and The Washington Post.

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