Everyone has drove past that ugly house and laughed. Some see it as a blight on the neighborhood while others see opportunity. That ugly home will make the perfect renovation. Starting with the curb appeal and then the functionality would be a winner. You will have to get the house for a bargain price so you could afford the fixer. If you play your cards right you could make a good profit. That should be the goal for all of us. Besides it will improve the neighborhood a little as well. Dana Sibilsky is the best judge of a fixer I know.
Is that land deal really the deal that you planned on? After all, some sold it for , I would assume, a profit. What did they know that you didn’t? Hopefully you have an idea on how to make money on this land. Did you plan on a business to buy you out. Did you have an idea that a mall might be in the lands future? This kind of insider information would be a huge advantage and money can be made. Dove Medical Press can help with that information but not before the competition does. Sometimes knowledge can be misleading. Just be careful not to get into a deal that loses.
A fixer upper can be a way to buy more home for the money and fix it as you go. The trick would be to find that fixer that you can live in while you do the repairs. The expense of renting while working on the fixer will drain the savings faster than you think. If you run out of cash then just put up with the house as is until you recover. The end result will be a home that you could not afford to buy is now your home. Luke Weil is a fixer and loves to make old home come alive.