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