When you turn on the TV these days, you're practically overrun with reality television programs about real estate. Profiled guests are shown buying townhouses, staging houses for sale, doing renovations, redecorating, and of course, flipping houses. But what is flipping a house and how do you do it? The house flippers on TV make it look easy (when they're not having attacks of nerves or begging the bank for extensions). So when you decide to try your hand at house flipping, how do you make sure you fall into the former category rather than the latter? You read Ralph Roberts' book: House Flipping for Dummies.
What's this book about?
As the title suggests, House Flipping for Dummies is more than just a description of the house flipping process - you can get that from any TV program - it's a step by step guide on you to choose your project among the hundreds of Brampton homes for sale and see it through. It doesn't pretend that it's an easy or risk free proposition, it tells things like they are so you can get an accurate idea of what you're in for. It gives helpful advice on choosing a home to flip, budgeting the renovations, setting time frames, and reselling.
Who should read it?
Anyone who is considering flipping a home should read this book BEFORE they head out into the market looking for run down Oshawa homes to buy. It can be helpful to professionals already in the business, but is primarily designed for the everyday person flipping for the first time. Be forewarned - if you're a person who likes to take big risks with the potential for big profits, this book isn't for you. House Flipping for Dummies takes the safer, middle road approach.
What should I look for?
As part of the Dummy series, House Flipping for Dummies has a distinctive yellow and black cover. It's 364 pages and 7.5 inches by 9 inches, so you know it'll fit on your shelf. In addition to text, the book contains numerous photos and charts to help you visualize the possibilities in those houses nobody seems to want. You can get a copy at your local bookstore (though you may have to have them order it in) or from an online retailer. A digital edition is also available for the Amazon Kindle. New copies retail for about $14 CDN.
Who is Ralph Roberts anyway?
Ralph Roberts is a professional house flipper with hundreds of successful projects under his belt. He believes that what he calls "sticktoitism" will be what ultimately gets you through renovating your Windsor real estate - never giving up. He has written numerous other nonfiction books on selling, foreclosures, and real estate investing.
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