Page 2 - From Ghetto to Gucci: The Basic Principles of Flipping Houses
P. 2
Table of Contents
Welcome to Flipping with Juan Diaz! 1
Fixing your expectations 2
Understanding the market 4
Finding a Realtor & MLS 5
Finding a House – What to Look For 8
Finding a House – Where to Look 9
Foreclosure Investing – The Basics 11
Foreclosures – Assessing Value 12
Foreclosures - Occupants 15
Comping 16
Looking at Other Houses. 18
Submitting an Offer 19
Financing – Intro 21
My Set-up 21
Before You Invest 21
The Downside of Leverage 23
Avoiding Overleveraging 24
Loans – A Deep Dig 25
Hard Money 27
Crunching the Numbers on What you Can & Can’t Afford 29
Investing Worksheet 29
Profit/Loss Worksheet 30
The Repair Worksheet 31
Tracking Expenses 33
Examining offers 33
