| Investors love to make a high return on their money. | | | | knowledge and skills, time to work on your fixer, and |
| That's why so many millionaires invest in real estate. | | | | that you sell the house as soon as its finished to a |
| You can leverage your money using other peoples' | | | | qualified buyer. Home improvement centers help you |
| money when you finance real estate. | | | | with how-to classes, brochures, and advice. You need |
| Many real estate investors make $5,000 to $10,000 or | | | | to give up your free time--TV, parties, leisure activities |
| more by flipping houses. These investors buy a home | | | | and work on your fixer. You could hire workers, but |
| from a distressed seller and resell it quickly for a profit. | | | | contractors and laborers work slowly and eat up your |
| Just because a seller has serious problems like a | | | | profits. |
| pending foreclosure or divorce doesn't mean the | | | | The last part of the equation, selling your house quickly |
| house is a fixer. Many distressed sellers offer prime | | | | to a qualified buyer means you need to do your |
| houses in perfect condition discounted for a quick sale. | | | | homework. Many investors seek free help from a loan |
| Distressed sellers jump at the chance to get out from | | | | officer to price the house right and to qualify their |
| under their overwhelming problems with an offer to | | | | buyers. These investors earn the sales commission by |
| close in ten days. To purchase a home quickly, you | | | | selling their houses by owner. |
| need to be prepared to offer cash or a have secure | | | | The most important issue, how you fix up your house, |
| loan in place with a reliable mortgage lender. | | | | ensures that you quickly attract a buyer willing to pay |
| Other real estate investors prefer to buy fixers from | | | | top dollar for your transformed property. Investors |
| distressed sellers. Distressed fixers present the best | | | | using Design Psychology strategies for fixing houses |
| bargains to make the highest return on your money. | | | | sell their homes, for more than the asking price, three |
| For instance, if you put 5% down on a $200,000 home, | | | | hours after putting the yard sign out. |
| spend $5,000 fixing the house up, and another $3,000 | | | | Whether you want to make money investing in real |
| in payments, your cash investment totals $18,000. If | | | | estate by flipping or fixing houses, you need to |
| you sell the home for a $70,000 profit like many | | | | understand your market. To get started in your real |
| rehabbers, you can see that your return on your | | | | estate business, go house shopping. You'll soon learn |
| investment of $18,000 for two months exceeds most | | | | how to pick up a flip or a fixer and be on your way to |
| other types of investments. | | | | making a high return on your money. |
| This investment plan assumes that you have the | | | | Copyright © Jeanette J. Fisher. |