So, you love your home and everything about it! You love the neighborhood, the schools, the location, everything! You can think of a lot of people who would also love your neighborhood, but the only house available in the area is run-down and bringing down the value of those around them. Prices are going up on houses in your area, but there just aren't many available in the sales listings. You have always loved redecorating and renovation, and watch all the shows on HGTV. "I could do THAT", you say! You have a nice little nest egg, but would like to see it even bigger, sooner rather than later. Have you ever thought about "flipping" an investment house?
If you are a real go-getter, have construction experience, and want to try making some money, here are some ideas and things to watch for in buying an investment property to renovate and "flip". There are still quite a few homes available at decent prices from the foreclosure lists that with a little help could turn into a great investment and opportunity for those with the know-how and drive. Be aware though, if you don't know what you're doing, it's not as easy as it looks on TV! Give me a call if I can help in any way. I can guide you in making your rehab dream come true!