Flipping Houses For Canadians For Dummies

Flipping Houses For Canadians For Dummies Introduction 1Part I: Laying the Foundation for Successful Flipping 7Chapter 1: Wrapping Your Brain Around the Idea of House Flipping 9- 17; 1년이상 거주하는 경우 1가구1주택면세가 가능할 수 있다. 아니면 50%가 감면되는 양도소득세를 노려야 하고 최악의 경우 사업소득세를 내야한다.- 18; 20년이상되어 리노베이션이 필요한 지역을 고르고 그중 소유자가 수리나 모기지로 더 이상 보유하기 어려운 집을 선택하여 비용과 시세를 확인하여 최소 20%이상이 되도록 매입하여 수리하고 1년이상 거주한후 매도한다.https://www.realtor.com/advice/buy/pros-cons-buying-distressed-property Chapter 2: Do You Have the Right Stuff for Flipping? 23- 27; 외주불가능한 핵심역량은 금융, 허가, 검사, 계획, 방문, 협상, 총괄수리가 있다. Chapter 3: Devising an Effective Flipping Strategy 39- 40; 시장가에서 25-30% 저렴하게 사는 것이 핵심이다. 비싸면 사지마라. 상승 시장을 선택하려면 우선 첨부 상승시장찾기를 이해하고 레인의 돈 캠벨의 캐나다에서 부동산투자하기를 읽어보라. - 47; for For Sale By Owner(FSBO) market, try http://comfree.com/about-bytheowner http://www.propertysold.ca/  http://propertyguys.com/ Chapter 4: Building Your Dream Team 51- 52; 유능한 중개사는 5-6%의 수수료를 요한다.- 59; 변호사비는 100불에서 3천불까지- 60; 평가사는 홈페이지에서 추천받는다. https://www.aicanada.ca/- 64; hire contractors with 1 page agreement which has a built-in fee of $50 per day after schedule and estimation & proposal of the contractor- 65; be careful taking the deposit & disappearing. the smaller the more upto 25-50% and handymen weekly payment. check bbb & references to prevent disappearing with your money. also ask direct employment clearance certificate attached to the bid   Part II: Fiddling with the Financials of Property Flipping 67Chapter 5: Guesstimating Your Potential Profit 69- 70; in increasing/flat/decreasing market, cost should be less 80/70/60% which includes purchse price & closing/renovation/holding/selling costs- 73; colsing costs - mortgage application/appraisal or CMHC/inspection/legal/registration fees, discount points, property/title insurance, credit report charge, closing adjustments, estoppel certificate - 74; estoppel certificate should be optained for condo transaction to verify overdue condo fees and condo co.' financial state of affairs- 75; estimate cost using https://trustedpros.ca/  and check ecoENERGY Retrofit to get grant upto $5K Chapter 6: Securing the Funds to Fuel Your Flip 81- 98; check not only banks but credit unions, caisses populaires including pc financial maple trust, and ing direct. compare interest rate at http://www.canadamortgage.com/  or https://www.superbrokers.ca/ Chapter 7: Trudging Through Some Taxing Issues 103 Part III: House Hunting with an Eye for Flipping 111Chapter 8: Scoping Out a Fertile Neighbourhood 113- 121; 실 수요자의 눈으로 물건을 고른다. 좋은 학군, 낮은 범죄율, 그리고 좋은 직장- 122; good schools boost by 10-20% of house price. you need to check it at http://www.fraserinstitute.org/report-cards/school-performance/overview.aspx- 123; google crime statistics canada to get http://www.statcan.gc.ca/pub/85-002-x/2014001/article/14040/tbl/tbl04-eng.htm Chapter 9: Hunting for Houses in Your Target Area 127- 133; ask your realtor for listing & listing history of all properties for sale that match your criteria1년내 팔릴만한 리스팅이 있다면 좋은 시점이다. 하지만 6개월간 3건이 매매되었는데(건당 2개월) 20건의 리스팅이 있다면 40개월이 소요되니 결코 좋은 시장이 아니다.- 138; babyboomers have bought their home and need to buy downtown condo or vacation home for their family리얼터를 통하지 않는 매물에 관심을 가진다. https://www.propertysold.ca/  http://www.housemaxx.ca/- 139; for eatate auctions, refer http://www.auctionguide.com/ and google surplus real estate & http://tbs-sct.gc.ca/tbs-sct/index-eng.asp  http://www.infrastructureontario.ca/en/ Chapter 10: Inspecting the Property with an Eye for Rehab 143- 156; 오븐, 냉장고, 렌지, 세척기 등은 매매계약서에 포함여부를 기록해야 한다. Chapter 11: The Art of Haggling: Negotiating a Price and Terms 161- 165; 목표가의 3-5% 낮게 오퍼하고 약간 양보하여 목표가에 접근하는 방법이 좋다.- 167; 가격측면외 매도자의 이사를 도와주는 것도 좋다. 한달무료나 이사갈 곳을 찾는 것 등을 돕자.- 175; check lead-based paint with a test kit at h/w store and asbestos, radon, toxic mould, lead pipes Chapter 12: Closing In on Foreclosure and Tax Sale Properties 179- 181; 저당권자는 강제집행을 선호하지않으므로 대체융자를 제안할 가능성이 있다. - 185; 강제집행중이더라도 채무자는 지연이자 등을 줄이기위해 매매를 시도할 수 있다.- 189; for information of tax sales in on, ab, nb, refer at http://www.taxsaleproperty.org/공매는 이익이 많지만 물권분석 등 타이틀조사가 까다로워 그만큼 위험하다. - 193; 강제집행은 은행소유로 시장에 나와서 최소 20%이상 이익을 봐야 하지만 공매는 리스크가 크므로 최소 50%를 보고 투자한다. Part IV: Fixing Up Your Fixer-Upper 195Chapter 13: Prioritizing and Planning Your Renovations 197- 200; sharpen your insight at http://www.homedepot.ca/know-how, bathroom remodeling/home decorating/home improvment/kitchen remodeling for dummies - 209; before you begin scheduling work, make sure that you have the power, gas, and water- 210; when the utilities are turned on, checks any leaks and turn on electricity, gas, and water order slowly turn it on- 212; 리노베이션은 풀타임으로 잘 계획해서 하면 1-2주가 소요 Chapter 14: Giving Your Property a Quick Makeover 213Chapter 15: Perking Up the Curb Appeal 229- 240; do not patch damaged areas since blending new and old shingles is impossible. use rona.ca for estimation- 242; vinyl siding costs less than aluminum and is more durable which costs $7k for average home(110 s. meters). in metropolitan area, you may locate distributors who may carry rejected materials whcih cost less than half for just color shading off  Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths 245Chapter 17: Sweating Through Some Moderate Makeovers 261- 266; at habitat, you may get much less cost entry door. try at www.habitat.org/env/restores.aspx- 270; next to carpeting, vinyl and linoleum are the most affordable. between those, limuoleum is 3 times more durable. installing sheet vinyl rather than square tile vinyl or linoleum is the better in bathrooms or laundry rooms Chapter 18: Reconfi guring Spaces and Other Structural Overhauls 273 Part V: Sold! Selling Your Rehabbed Home 287Chapter 19: Marketing Your Home 289- 293; 시세보다 15%높게 리스팅하고 입질이 없으면 시세수준으로 조정하라- 294; research comparable sales within 1.5-3km radius for 6-12 months for right price Chapter 20: Staging a Successful Showing 301Chapter 21: Negotiating the Sale to Maximize Your Profit 313- 316; if the buyer asks payment of closing cost, you could add your asking price for that amount일반적인 계약금은 1-5%이며 매매가가 높을 수록 비율이 낮아진다. Part VI: The Part of Tens 325Chapter 22: Ten Signs of a Great House-Flipping Opportunity 327Chapter 23: Ten Renovation Cost-Cutting Strategies 333- 335; google 'recycled building materials' for cheap materials- 336; check your local convention center for they sell high quality carpet after 2 weeks ceremonies or builder grade materials Chapter 24: Ten Common House-Flipping Blunders 339Chapter 25: Ten Strategies for Surviving a Slow Market 343- 344; 강제집행은 7-12개월이 소요되므로 불경기에 그만큼 후행한다- 346; 불경기 대안중의 하나인 임대로 살아남기는 관련 서적을 읽어본다. real estate investing for canadians for dummies   Index 347 https://www.amazon.ca/Flipping-Houses-Canadians-Dummies-Roberts/dp/047015733X/ref=sr_1_1?ie=UTF8&qid=1528646016&sr=8-1&keywords=9780470157336&dpID=51%252BbFzUyrzL&preST=_SX198_BO1,204,203,200_QL40_&dpSrc=srch Introduction 1Part I: Laying the Foundation for Successful Flipping 7Chapter 1: Wrapping Your Brain Around the Idea of House Flipping 9Chapter 2: Do You Have the Right Stuff for Flipping? 23Chapter 3: Devising an Effective Flipping Strategy 39Chapter 4: Building Your Dream Team 51 Part II: Fiddling with the Financials of Property Flipping 67Chapter 5: Guesstimating Your Potential Profit 69Chapter 6: Securing the Funds to Fuel Your Flip 81Chapter 7: Trudging Through Some Taxing Issues 103 Part III: House Hunting with an Eye for Flipping 111Chapter 8: Scoping Out a Fertile Neighbourhood 113Chapter 9: Hunting for Houses in Your Target Area 127Chapter 10: Inspecting the Property with an Eye for Rehab 143Chapter 11: The Art of Haggling: Negotiating a Price and Terms 161Chapter 12: Closing In on Foreclosure and Tax Sale Properties 179 Part IV: Fixing Up Your Fixer-Upper 195Chapter 13: Prioritizing and Planning Your Renovations 197Chapter 14: Giving Your Property a Quick Makeover 213Chapter 15: Perking Up the Curb Appeal 229Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths 245Chapter 17: Sweating Through Some Moderate Makeovers 261Chapter 18: Reconfi guring Spaces and Other Structural Overhauls 273 Part V: Sold! Selling Your Rehabbed Home 287Chapter 19: Marketing Your Home 289Chapter 20: Staging a Successful Showing 301Chapter 21: Negotiating the Sale to Maximize Your Profit 313 Part VI: The Part of Tens 325Chapter 22: Ten Signs of a Great House-Flipping Opportunity 327Chapter 23: Ten Renovation Cost-Cutting Strategies 333Chapter 24: Ten Common House-Flipping Blunders 339Chapter 25: Ten Strategies for Surviving a Slow Market 343Index 347 Chapter 1: Wrapping Your Brain Around the Idea of House Flipping 9- 16; buy a property which could give you at least 20% profit based on current market. Also consider plan B for slow market renting out tha period.- 17; live the property at least for 1 year to avoid capital gain or income tax- 19; schedule the works from infra including foundation, electricity, plumbing, heating, & air conditioning and top down- 20; invest in fronto door, kitchen, bathroom, additional rooms is always good ideaChapter 3: Devising an Effective Flipping Strategy 39- 47; for FSBO market, try http://comfree.com/about-bytheowner http://www.propertysold.ca/  http://propertyguys.com/Chapter 4: Building Your Dream Team 51- 56; find mortgage brokers at http://mortgageconsumer.ca/ & ask cost if any before making a contract. check rate at http://www.canadamortgage.com/ or http://themortgageguide.ca/- 61; ask questions to hire an house inspectorare you registered or, better yet, certified (including that the inspector has passed the nat'l certification program) & insured?how long have you been a home inspector?how many homes have you inspected?what did you do before becoming a home inspector? retired carpenter, engineer, or home builder is idealdo you have references i can call?do you recommend remedies of simply identify problems?- 64; hire contractors with 1 page agreement which has a built-in fee of $50 per day after schedule and estimation & proposal of the contractor- 65; be careful taking the deposit & disappearing. the smaller the more upto 25-50% and handymen weekly payment. check bbb & references to prevent disappearing with your money. also ask direct employment clearance certificate attached to the bid  Chapter 5: Guesstimating Your Potential Profit 69- 70; in increasing/flat/decreasing market, cost should be less 80/70/60%- 71; former grow ops could be much expensive than thought to make it livable therefore call police to check- 74; estoppel certificate should be optained for condo transaction to verify overdue condo fees and condo co.' financial state of affairs- 75; estimate cost using https://trustedpros.ca/  and check ecoENERGY Retrofit to get grant upto $5K- 77; you need 1% web site cost & 3% buy's realtor cost for FSBOChapter 6: Securing the Funds to Fuel Your Flip 81- 89; check your credit report yearly at http://www.consumer.equifax.ca/home/en_ca or https://www.transunion.ca/ca- 94; variable-rate interest was better for overh 50 years from 1950 and you can lock in to fixed when needed(88% better than 5 year fixed) and check cap of the bank which define maximum rate for variable rate.- 98; check not only banks but credit unions, caisses populaires including pc financial maple trust, and ing direct. compare interest rate at http://www.canadamortgage.com/  or https://www.superbrokers.ca/Chapter 8: Scoping Out a Fertile Neighbourhood 113- 113; check school performance, crime statistics and business climate details- 122; good schools boost by 10-20% of house price. you need to check it at http://www.fraserinstitute.org/report-cards/school-performance/overview.aspx- 123; google crime statistics canada to get http://www.statcan.gc.ca/pub/85-002-x/2014001/article/14040/tbl/tbl04-eng.htm- 125; ask questions for chamber of commercehow many new businesses have moved into the area in the past year?how many businesses have moved out of the area in the past year?how many new jobs have come to the area?Chapter 9: Hunting for Houses in Your Target Area 127- 128; nov. is the best month to buy since the sellers do not want to pay overwinter cost if possible- 133; ask your realtor for listing & listing history of all properties for sale that match your criteria- 138; babyboomers have bought their home and need to buy downtown condo or vacation home for their family- 139; for eatate auctions, refer http://www.auctionguide.com/ and google surplus real estate & http://tbs-sct.gc.ca/tbs-sct/index-eng.aspChapter 10: Inspecting the Property with an Eye for Rehab 143- 145; use inspection checklist  사진150720_001Chapter 11: The Art of Haggling: Negotiating a Price and Terms 161- 175; check lead-based paint with a test kit at h/w store and asbestos, radon, toxic mould, lead pipes- 177; take one final walk-through to check and ask before closing Chapter 12: Closing In on Foreclosure and Tax Sale Properties 179- 189; for information of tax sales in on, ab, nb, refer at http://www.taxsaleproperty.org/- 191; large cities allow you to search title eletronicallyChapter 13: Prioritizing and Planning Your Renovations 197- 200; sharpen your insight at http://www.homedepot.ca/know-how- 209; before you begin scheduling work, make sure that you have the power, gas, and water- 210; when the utilities are turned on, schek any leaks and turn on electricity, gas, and water order- 211; if you plan on living in the house, renovate a bathroom, a bedroom, and the kitchen orderChapter 14: Giving Your Property a Quick Makeover 213- 214; fill driveway & walkway cracks with patching materials from local hardware store- 225; a new faucet is the best investment. no appliances are better than bronken. new fixtures, toilet seat, shower curtain is reasonable way to improve your bathroom.Chapter 15: Perking Up the Curb Appeal 229- 240; do not patch damaged areas since blending new and old shingles is impossible. use rona.ca for estimation- 242; vinyl siding costs less than aluminum and is more durable which costs $7k for average home(110 s. meters). in metropolitan area, you may locate distributors who may carry rejected materials whcih cost less than half for just color shading off Chapter 16: Dazzling the Crowds with Updated Kitchens and Baths 245- 251; you can trim the cost of appliances by purchasing gently used of returned at outlet stores- 260; $50 will be enough for exhaust fan of 1.1 Cubic Feet per Mimute of ceiling areaChapter 17: Sweating Through Some Moderate Makeovers 261- 266; at habitat, you may get much less cost entry door. try at www.habitat.org/env/restores.aspx- 270; next to carpeting, vinyl and linoleum are the most affordable. between those, limuoleum is 3 times more durable. installing sheet vinyl rather than square tile vinyl or linoleum is the better in bathrooms or laundry roomsChapter 18: Reconfi guring Spaces and Other Structural Overhauls 273- 276; a conventional roof frame has an attic open space and interior load-bearing walls whereas a truss roof does not- 282; finishing basement without direct walkout may be waste of moneyChapter 19: Marketing Your Home 289- 292; reasonably priced properties could be sold after 10-15 showings- 294; research comparable sales within 1.5-3km radius for 6-12 months for right priceChapter 21: Negotiating the Sale to Maximize Your Profit 313- 314; remember your 1st offer would be the best- 316; if the buyer asks payment of closing cost, you could add your asking price for that amountChapter 23: Ten Renovation Cost-Cutting Strategies 333- 334; estimate with www.cmhc-schl.gc.ca/en/co/renoho- 335; google 'recycled building materials' for cheap materials- 336; check your local convention center for they sell high quality carpet after 2 weeks ceremonies- 338; pool your jobs since they charge for show up<div> </div>