Flipping Houses For Dummies. Ralph R. Roberts
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9 Part 5: Cashing In: Realizing Your Profit Chapter 20: Considering Your Options: Cash or Cash Flow? Setting a Goal: Cash or Cash Flow Cashing Out: Selling the Property Exploring Cash Flow Possibilities Chapter 21: Marketing Your Home Harnessing the Power of a Real Estate Agent to Market and Sell Your House Setting an Attractive Asking Price Staging a Successful Showing Offering to Help Secure Attractive Financing Becoming a Real Estate Marketing Maven Chapter 22: Negotiating the Sale to Maximize Your Profit Comparing Seemingly Similar Offers Mastering the Art of Counteroffers Shuffling Papers and Other Legal Stuff at Closing Chapter 23: Trudging through Some Taxing Issues Estimating the Tax Collector’s Take from Your Flipping Profits Maximizing Tax Savings from the Sale of Your Principal Residence Slashing Your Capital Gains through Careful Deductions Deferring Taxes: Rolling Your Gains into Your Next Purchase Selling Your Home at a Loss (Ouch!) Paying Income Tax: When Flipping Houses Becomes Your Occupation
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Part 6: The Part of Tens
Chapter 24: Ten Ways to Find Dontwanners
Cruising the Neighborhood
Teaming Up with a Qualified Real Estate Agent
Checking Classified Ads and Online Listings
Skimming Foreclosure Notices
Monitoring Tax Sales
Scoping Out Bank-Owned Properties
Probing Probate Properties
Digging Up Houses in Bankruptcy
Sifting through the Government’s Stash
Networking and Advertising for Leads
Chapter 25: Ten Signs of a Great House Flipping Opportunity
The Location Is an Obvious Hot Spot
Nobody’s Home
The “For Sale By Owner” Ad Is Shrinking
The Seller Is Highly Motivated to Be Freed from the Burden of Ownership
The House Is Ugly Outside
The House Is Ugly Inside
The Decor Is Outdated
The House Has Character
The House Has Undeveloped Living Space
The Property Backs Up to Nothing
Chapter 26: Ten House Flipping Blunders
Falling for a Scam
Speculating on the Housing Market
Waffling on an Obviously Good Deal
Backing Yourself into a Contractual Corner
Failing to Inspect the Property before Closing on It
Assuming That the Title Is Clear