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Home > Business & Economics > Real Estate - General > Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth-eBook
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How to create wealth using home renovation and capital gains tax exclusions

Renovate to Riches shows novice real estate investors how to create wealth by purchasing homes, renovating them, and selling them at a profit. Because an individual or couple can sell a home every two years, often times without paying capital gains taxes, renovating homes is one of the most reliable ways to build wealth over time. This book shows readers how to develop a renovation strategy, secure financing, accomplish renovations on their own, sell for the best price, and much more. It also includes plans for renovating on a full-time or part-time basis, and details on how couples can work together to build wealth.

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 (), and Teresa is a trained interior designer and independent producer for Second City Communications, the business theater group of The Second City in Chicago. Visit their website at renovatetoriches.

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Title of ebook: Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth
ISBN: 9780471678571
Publisher: John Wiley & Sons, Inc.
Internet download file size: 9157 kb
Released online for download: 04-19-2004
Author of eBook: Dulworth, Mike
Author of eBook: Goodwin, Teresa


Chapter One
Introduction



Have you ever dreamed of long-term financial security? Of creating a nest egg that can insulate you from financial worries and possibly free you to pursue your dreams? Well, we have, and Renovate to Riches is intended to be a guide to help you achieve this goal. It is a toolbook for turning your sweat (via home improvements) into equity (financial security and independence). Renovate to Riches is not a get-rich-quick scheme (which, as we all know, never work). It is about creating a long-term home renovation wealth creation strategy that, if properly planned and executed, is sure to increase the value of your homes and lead to significant profits. By renovating multiple homes part-time over a period of time, you can accumulate a significant net worth and invest your gains so that you begin making money in your sleep-the American dream!

To illustrate the potential of a ... read full excerpt from Renovate to Riches: Buy, Improve, and Flip Houses to Create Wealth ebook




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