Fixing Up Homes for Profit

A Handyman Special is a home which is priced below market because it needs a significant amount of work. There are books on how to find and buy them and lots of people, me included, have given it a try. In fact, so many people have tried that prices have risen to where the discount may or may not even cover the cost of materials. If you aren't careful, you can find yourself working for free.

Like all real estate deals, it is not easy to find one where the numbers make sense. Ideally you would buy a place that has conmetic problems; however, that is what everyone is looking for. The buyers who profit the most are those with unusual expertise who can buy property with problems which are to major for most. For example, a foundation which is settling and requires engineering work to correct.

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