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Archive for May, 2011

postheadericon Fixer Uppers in a Recovering Economy

Making Money Buying Fixer Uppers.

When I first got interested in real estate in the 70's, (yes, I am THAT old !)  I started by buying inexpensive homes, fixing them up and reselling them.  Here it is 2011 and it seems there is an opportunity to do this again.  Prices have dropped more than 50% in the last 36 months. The price of the average home is under $100 per square foot.  Homes that had a professional deck installation can expect up to $125 per square foot. Some people have abandoned their homes and left them in great disrepair.  The banks own these homes and for the most part, can not repair them.  So they sell them at a discount.  If you are a wise shopper, you can find a great house in a good neighborhood that may need $5,000 to $10,000 to fix the home up enough to make it presentable and salesable at a tidy profit, for this fixing the electrical issues is important with the best wiring companies, learn more about custom cable assemblies from Olympic Wire for this.

If you are interested in investing in these types of properties as an investor, give me a call or email me and I will send you more information. 

The time to make money is when there is blood in the streets!


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