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How To Profit In Real Estate Investing With Fixer Uppers

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					Title:
How To Profit In Real Estate Investing With Fixer-Uppers


Word Count:
765


Summary:
To be sure, most homebuyers need a property that is a home and not something to invest their hard-earned
money in. Furthermore, when you are looking for fixer-uppers with real estate investing in mind you will
also have to have contractors available who can make a home inhabitable with just a little work. Once you
are sure that you want a contractor to repair and upgrade your home, you can then prospect for homes that
are available at bargain prices.



Keywords:
real estate investing, Distress Homes, fixer uppers, foreclosures, short sales, real estate expert



Article Body:
There are many people who get into real estate investing and who, in the process, just follow a simple
formula which is using the well tried and certainly most tested way of doing business in real estate and that
is to buy homes being put up for sale by owners who are in distress. In such instances, they are able to snap
up distress properties at rock bottom prices and then they simply fix up the properties with a view to selling
them further at a higher price and in the process make a tidy sum of money. As a matter of fact, it has been
found that those who have used such simple strategies over the long term have succeeded so much that they
have made enough money to turn into millionaires.


Different Reasons Why Distress Homes Are Put Up For Sale


The problem of course that one has to contend with at the very outset is that of learning how to find fixer-
uppers. In this regard it should be mentioned that when a homeowner becomes distressed it may cause them
to cease to properly maintain their properties and often, they may even end up falling behind in making the
payments on their properties. What's more, both buyers and sellers are known to have a number of different
reasons why they get into real estate investing in fixer-uppers though common reasons include losing a job
or going through a divorce and even illnesses and alcohol abuse can cause a seller to become distressed.


Whatever the reason why a homeowner becomes distressed, there is no doubt that the real loser in the
equation is the property which will suffer because it won't be properly maintained and payments on it too
will start to be skipped and thus it becomes an ideal candidate for being sold as part of a fixer-upper
strategy. And, among the most lucrative real estate investing opportunities that you will come across when it
concerns fixer uppers are homes that are completely rundown, owned by a seller who is in the process of
divorcing their spouse and those who can't keep up with their mortgage payments.


Still, homes that are very ugly and which need fixing are really quite difficult to sell off because buyers for
such homes are rather limited and not easy to convince to buy such type of homes. Obviously, homeowners
prefer to put their real estate investing money in homes that don't need much repair work because having to
repair a home or upgrade it is not something a prospective homeowner will want when purchasing a home.


To be sure, most homebuyers need a property that is a home and not something to invest their hard-earned
money in. Furthermore, when you are looking for fixer-uppers with real estate investing in mind you will
also have to have contractors available who can make a home inhabitable with just a little work. Once you
are sure that you want a contractor to repair and upgrade your home, you can then prospect for homes that
are available at bargain prices.


Typically, you should scout the advertisements that have terms such as as-is or fixer-upper or even
handyman's special or other similar terms that show you that the home requires some repair. Even a local
real estate agent can point you in the right direction. If you stick in this line long enough, people will then
come to understand that you are in the fixer-upper line of real estate investing and will then contact you with
suitable and tempting fixer-upper deals.


Having located a suitable property, you then need to be sure about what the problem with the home is and
then think of ways to solve such problems. Often, the problem may have a lot to do with financial constrains
rather than requiring to physically repair the home and if such is the case, you can then get an even lower
sales price for the property in question. However, be aware that fixer-uppers in real estate investing is a line
in which you must always tread with great care and caution because even a small mistake can lead to
disastrous consequences.


The bottom line is that you must first of all put together a good team and to also do home buying in a very
careful and conservative manner. In addition, you should also be prepared to pay whatever it takes to repair
the home and once you understand and act properly on these parameters you will find that fixer upper in real
estate investing can fetch you plenty of money.




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