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
10 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Motivated to Be Freed from the Burden of Ownership The House Is Ugly Outside The House Is Ugly Inside The Decor Is Outdated The House Has Character The House Has Undeveloped Living Space The Property Backs Up to Nothing Chapter 26: Ten House Flipping Blunders Falling for a Scam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 Underestimating the Cost of Repairs and Renovations Doing Shoddy Work to Save Money Over-Improving a Property Forgetting to Pay the Taxes
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