9 Part 5: Cashing Out Your Profit … After the Sale Chapter 16: Assisting the Previous Homeowners Out the Door Tying Up the Loose Ends after the Purchase Protecting Your Investment through Redemption Planning Repairs and Renovations Evicting the Residents When Time Runs Out Chapter 17: Repairing and Renovating Your Investment Property Choosing a Renovation Strategy Planning Repairs and Renovations Giving Your Property a Quick Makeover Investing in High-Profile Rooms: Kitchens and Baths Adding Valuable Features Chapter 18: Cashing Out: Selling or Leasing Your Property Selling Through a Qualified Real Estate Agent Staging Your House for a Successful Showing Generating Interest Through Savvy Marketing Negotiating Offers and Counteroffers Closing the Deal Becoming a Landlord Chapter 19: Checking Out Other Cash-Out Strategies Refinancing to Cash Out the Equity Reselling the Property to the Previous Owners or Their Family Leasing the Property to the Foreclosed-on Homeowners Offering a Lease-Option Agreement Assigning Your Position to a Junior Lienholder
10 Part 6: The Part of Tens Chapter 20: Ten Common Beginner Blunders Having Insufficient Funds on Hand Overestimating a Property's Value Underestimating Your Holding Costs Overbidding in the Heat of Battle Failing to Investigate the Title Failing to Inspect the Property with Your Own Eyes Bidding on a Second Mortgage or Junior Lien Renovating a Property before You Own It Trusting What the Homeowners Tell You Getting Greedy Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity Stopping the Bleeding: Providing Basic Financial Advice Assisting Homeowners in Their Job Search Suggesting That the Homeowners Seek Help from Family and Friends Encouraging the Homeowners to Contact Their Lenders … and Soon Suggesting Short Sales and Other Debt Negotiations Assisting Homeowners in Assessing Their Refinance Options Suggesting the Option of Selling the House before Foreclosure Bringing Up the Bankruptcy Option Offering a Helping Hand Revealing the Option to Walk Away Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields Steer Clear of Foreclosure Investment Scams Research the Title Yourself Inspect the Property with Your Own Eyes Know What You're Bidding On Set Realistic Goals Muffle Your Emotions Invest with Integrity Anticipate Delays Foresee Unforeseen Expenses Deal with the Blame and Guilt
11 Appendix: Foreclosure Rules and Regulations for the 50 States
12 Index
14
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