Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 11

IN THIS CHAPTER

Understanding the concept of flipping houses and appreciating its challenges

Flipping the right way — legally and ethically

Developing a winning strategy and the right connections

Marketing and staging a house to maximize your profit

Progress always involves risk. You can’t steal second base and keep your foot on first.

—FRED WILCOX

Flipping sounds easy. You can flip a pancake. You can flip a coin. Without too much effort, you can even flip out. Flipping a house, though, requires a level of knowledge, expertise, and sticktoitism unrivaled by any of these mindless tasks. It requires access to cash, and lots of it. It demands time, energy, vision, attention to detail, and the ability and desire to network with everyone — from buyers and sellers to real estate professionals, contractors, and lenders.

In this chapter, I offer a broad overview of what flipping houses is all about. I introduce the overall strategy of flipping houses — buy low, renovate, and sell a property at fair market value to earn a fair market profit. I also reveal the difference between flipping the right way — legally and ethically — and flipping the wrong way — ripping off buyers, sellers, and lenders for a quick wad of cash.