Fix It and Flip It: How to Make Money Rehabbing Real Estate for Profit - Softcover

Hamilton, Gene; Hamilton, Katie

Softcover

ISBN 10: 0071421483 ISBN 13: 9780071421485

Publisher: McGraw-Hill, 2003

Synopsis

Buying, improving, and reselling single-family homes for profit

Countless investors and do-it-yourselfers are eager to profit from buying, improving, and reselling homes. In Fix It and Flip It, two of America's leading home improvement authorities provide expert advice on how to maximize profit and minimize turnaround time on any remodeling-and-resale project.

Featuring unique, step-by-step project time lines for three types of investment properties, this comprehensive "fixer-upper" guide covers everything from the day-to-day workload to tips on tax issues, financing, and more.

Katie and Gene Hamilton present guidelines for choosing an investment property, leveraging investment dollars, and finding investment money. Readers will find clear explanations of the rehabbing-for-profitprocess and learn how to schedule work for:

• The 60-Day Fast Fix-Up--for quick resale or easy rental
• The Makeover Conversion--A 180-Day Wonder that expands living space and resale value
• The Live In, Fix Up, and Sell Later House--occupied by the investor for one year or more, which features architectural restoration and modernization

About this title

From the Back Cover

All about profiting from fixer-upper homes: how to get started, problems to steer clear of, do-it-yourself pointers, and more

Millions of Americans dream of buying a house they can paint, remodel, and resell for a profit. Fix It and Flip It shows you how to move beyond dreaming to become a full-fledged real estate investor. Its proven, step-by-step program will provide you with the know-how you need to locate an undiscovered gem, buy it below market value, rehab it with as little cash outlay as possible, and then sell it for a substantial profit.

This first-time real estate investor's handbook will help get you started with:

• A fast and easy formula for crunching the numbers on a house--and determining if there's a profit to be made
• Valuable timelines for completing two-month, six-month, and one-year-plus rehab projects
• Firsthand accounts of what can go right and wrong when rehabbing an actual property
• Easy improvements guaranteed to provide the greatest return--painting, replacing cabinet hardware, repairing screens, and more
• Tips for locating, contracting with, and paying a quality subcontractor for bigger jobs

Buying and selling fixer-upper real estate continues to be one of the most accessible, low-risk roads to financial independence. Fix It and Flip It provides you with the savvy advice you need to find that first diamond-in-the-rough house--and use it as a stepping-stone to building solid, long-term real estate wealth.

About the Author

Katie and Gene Hamilton rehabbed their first home in 1966 and were soon buying and rehabbing houses full-time. The authors of several home improvement and real estate books, they write the nationally syndicated newspaper column "Do It Yourself . . . Or Not?" and have appeared on "Today," CNN, and other programs.

About this edition

• Publisher: McGraw-Hill
• Publication date: 2003
• ISBN 10: 0071421483
• ISBN 13: 9780071421485
• Binding: Paperback
• Edition number: 1
• Number of pages: 288