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

Mike Dulworth (Author), Teresa Goodwin (Author)
4.8 out of 5 stars  See all reviews (4 customer reviews)

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Book Description

December 19, 2003
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.

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Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth + Buy It, Fix It, Sell It...PROFIT + FLIP: How to Find, Fix, and Sell Houses for Profit
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Editorial Reviews

From the Back Cover

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.

About the Author

Husband and wife team MIKE DULWORTH and TERESA GOODWIN have earned hundreds of thousands of dollars renovating homes in their spare time. Mike is the Managing Director of Executive Development Associates (executivedevelopment.com), and Teresa is a trained interior designer and independent producer for Second City Communications, the business theater group of The Second City in Chicago. Contact Mike and Teresa at renovatetoriches.com.

Product Details

  • Paperback: 312 pages
  • Publisher: Wiley; 1 edition (December 19, 2003)
  • Language: English
  • ISBN-10: 0471467901
  • ISBN-13: 978-0471467908
  • Product Dimensions: 9.2 x 7.5 x 0.7 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #1,152,776 in Books (See Top 100 in Books)

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Customer Reviews

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Average Customer Review
4.8 out of 5 stars (4 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

18 of 18 people found the following review helpful:
5.0 out of 5 stars "Real World" Home Renovation Blueprint, January 12, 2004
By 
G. Hylton (San Francisco) - See all my reviews
This review is from: Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth (Paperback)
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.
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12 of 12 people found the following review helpful:
5.0 out of 5 stars An excellent book, January 7, 2004
This review is from: Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth (Paperback)
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!
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18 of 20 people found the following review helpful:
5.0 out of 5 stars Renovate to Riches, March 4, 2004
By 
This review is from: Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth (Paperback)
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.
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Inside This Book (learn more)
First Sentence:
Have you ever dreamed of long-term financial security? Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
home renovation strategy, reduced maximum exclusion, working water pressure, real property tax year, primary reason for the sale, reasonable basic living expenses, wealth creation strategy, former spouse incident, renovation tasks, main home, renovation activities, recapture tax, rental part, settlement fees, ownership test, market appreciation, sealed floors, federal gift tax, adjusted basis, closing costs, taxable gain, renovated home, condo association, valve box, home inspector
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Home Depot, Fannie Mae, New York City, Uncle Sam, United States, West Virginia, Crested Butte, National Association of Realtors, Prime Rate, San Francisco, Consumer Preference Survey, Freddie Mac, San Diego, Broker Get Paid, Fair Isaac Corporation, Must Have Figure, National Association of Home Builders, Rocksolid Granit
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