Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth - Softcover

Dulworth, Mike

Softcover

ISBN 10: 0471467901 ISBN 13: 9780471467908

Publisher: Wiley, 2003

Synopsis

Renovate to Riches Renovate to Riches shows novice real estate investors how to create wealth by purchasing homes, renovating them, and selling them at a profit. Because an individual or couple can sell a home every two years without paying capital gains taxes, renovating homes is one of the most reliable ways to build wealth over time.

About this title

From the Back Cover

Turn weekend home–improvement projects into big money!

Did you know you and your spouse can sell your home every twoyears and pay no taxes on profits up to $500,000? It’s true!In fact, you should think of your home as an investment as much asa place to live. Simple renovations can dramatically increase thevalue of your home, and you can undertake most of them on your ownand in your spare time. Renovate to Riches shows you how to turnyour sweat into equity and your home into a moneymaker.

Millions of people across America are making theirdo–it–yourself weekend projects pay off and you can too. Thisstraightforward guide will show you how to secure financing foryour home, accomplish the renovations that add the most value, andget the highest price when you sell. It shows you how to designyour own custom plan for creating wealth over five, ten, or eventwenty years, and includes detailed case studies that help youavoid common mistakes.

Renovate to Riches also includes:

• An explanation of complicated federal tax codes
• Tips on finding great homes at bargain prices
• Advice on financing options
• Which renovations add the most value
• Professional guidance on interior design, landscaping, andother home improvement projects
• Which projects you should be able to handle yourself and whichwill require a professional contractor
• How to work with contractors and keep it cheap
• Practical advice from the experts real estate agents,brokers and bankers, tax advisors, contractors and carpenters,landscapers, interior and lighting designers, home inspectors, andappraisers

Renovate to Riches is not a get–rich–quick scheme. It’s apractical, step–by–step guide to building long–term wealth. Youdon’t need the skills of a contractor or the experience of areal estate agent; all you need is a little extra time, a littleextra money and this unbeatable guide.

Synopsis

This book lets you turn weekend home-improvement projects into big money! Did you know you and your spouse can sell your home every two years and pay no taxes on profits up to $500,000? It's true! In fact, you should think of your home as an investment as much as a place to live. Simple renovations can dramatically increase the value of your home, and you can undertake most of them on your own and in your spare time. "Renovate to Riches" shows you how to turn your sweat into equity and your home into a moneymaker. Millions of people across America are making their do-it-yourself weekend projects pay off - and you can too. This straightforward guide will show you how to secure financing for your home, accomplish the renovations that add the most value, and get the highest price when you sell. It shows you how to design your own custom plan for creating wealth over five, ten, or even twenty years, and includes detailed case studies that help you avoid common mistakes."

Renovate to Riches" also includes: an explanation of complicated federal tax codes; tips on finding great homes at bargain prices; advice on financing options; which renovations add the most value; professional guidance on interior design, landscaping, and other home improvement projects; which projects you should be able to handle yourself and which will require a professional contractor; how to work with contractors and keep it cheap; and, practical advice from the experts-real estate agents, brokers and bankers, tax advisers, contractors and carpenters, landscapers, interior and lighting designers, home inspectors, and appraisers. "Renovate to Riches" is not a get-rich-quick scheme. It's a practical, step-by-step guide to building long-term wealth. You don't need the skills of a contractor or the experience of a real estate agent; all you need is a little extra time, a little extra money - and this unbeatable guide.

About this edition

• Publisher: Wiley
• Publication date: 2003
• ISBN 10: 0471467901
• ISBN 13: 9780471467908
• Binding: Paperback
• Edition number: 1
• Number of pages: 314