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

By Teresa Goodwin and Mike Dulworth

Book Overview

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 * Practical advice from the experts-real estate agents, brokers and bankers, tax advisors, 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.

• Format: Paperback
• Language: English
• ISBN: 0471467901
• ISBN13: 9780471467908
• Release Date: December 2003
• Publisher: John Wiley & Sons
• Length: 300 Pages
• Weight: 1.26 lbs.
• Dimensions: 0.7" x 7.5" x 9.2"

Customer Reviews

good book

Good information in the book, but the more I read online the more I question if flipping is right for me

Renovate to Riches

Renovate to Riches is a very well written guide to successful Renovation projects. The book highlights all the important aspects of renovating a home, from the pitfalls to the potential gains. It is valuable to the beginner as well as the professional remodeler, especially the chapter about how to finance your project. The most important component to solid investing is adequate funding, and Sashi McEntee, a local mortgage consultant, details effective strategies to acheive your goals.

"Real World" Home Renovation Blueprint

I've remodeled and sold several houses and this book is as close to real world as any I've read. The step-by-step approach is understandable, detailed and readable. Dulworth and Goodwin have superbly highlighted one of the few non-taxable investment opportunities available to everyday Americans.

An excellent book

This is an excellent book. It provides detailed studies and analysis of how to make money through home renovation and the recent changes in the tax laws. The book includes legal, financial and how to information which should be useful to anyone seeking to purchase, renovate, enjoy, and ultimately sell a house as a means to increasing net worth. Highly recommended!