You may have seen signs, billboards, and banners with the advertisement "We Buy Ugly Houses." For somebody who doesn't know anything about real estate investing, this might seem like a strange statement. Who would want to buy an ugly houses? Who exactly is the "we" mentioned on the billboards and ads?
The Story of the Really Nasty, Totally Smelly, Make-You-Gag House
I recently paid cash for a house that I'll be rehabbing (that's investor-speak for fixing up) and selling. It's in in very desireable Appleton neighborhood, near great schools, with great walkability, and will certainly yield a profit because I got a very good deal on it.
You might ask how I beat out all the other investors competing for good deals in the area. Did I have an in with the owner? No.
Hey there real estate investors! I know you've been diligently scanning all the usual sources to find great potential house flips that you can buy low and sell high. Some of those properties just fall into your lap - but others may take a little extra work. The truth is, taking on real estate investment projects that nobody else wants to touch can result in big dividends. Let's look at some of the "major issues" that some people don't want to touch, but can lead to BIG PROFITS for you! I give you: 4 things to look for in a possible rehab or flip!