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Rehab Your Way to Wealth: The Quick Way to Fixer-Upper Success


Completely rebuilding a house is not necessary to make money in investment real estate. Most times, if you have bought smart, you won't have to make a huge improvements on your investment property. Look for places that need only a small amount of work. For example, look for a property that appears to be run down from the outside, but does not need major repair. Here are a few tips for saving money and making quick improvements, in order to quickly sell your rehab property.

1. A house may need a coat of paint but have a nice roof. The paint might cost a few hundred dollars, while a new roof might cost $2,000 to 3,000. Plus, a fresh coat of paint makes almost any house look brand new.

2. Check the foundation very carefully. Foundation work is extremely expensive. I would stay away from any house with a questionable foundation.

3. Like exterior paint, landscaping goes very far in terms of curb appeal, one of the biggest factors in the sale of any kind of real estate. A house with uncut grass, weeds overrunning flowerbeds, and poorly trimmed bushes or trees is very difficult to sell. Conversely, a house with minor deficiencies in other areas may still have a buyer, who wants something that looks good from the outside.

4. Look for investment properties that have nice kitchens or kitchens that can become nice with little effort and money. If you can refinish some cabinets and lay some cheap flooring, this will help you sell, because women are instrumental in the final decision of most real estate purchases, and they love nice kitchens. It's not sexist; it's a proven real estate fact.

5. A finished basement or one that can be finished easily will also help you sell your new investment property. Basement carpet can be purchased and installed for very little money. Again, some paint on the walls can go a long way to making the basement homier. Add a drop ceiling - easy to install and very inexpensive, and you can have yourself a rec room for a few hundred dollars.

Although these are not the only things that will improve your property, they are a few of the cheapest and easiest. Plus, these are improvements that will increase your investment property's value exponentially and make it easy to sell.

Mark Barnes is an investment real estate and real estate finance expert. Get his free mortgage finance course at http://www.winningthemortgagegame.com. Mark is also the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at http://www.sportsnovels.com.


MORE RESOURCES:

Real estate records, 10/22/17
Lincoln Journal Star
Doane, Luke Charles & Margaret M to Sears, Christine A & Bader, Bruce M, 13640 Guildford St., Waverly, $171,000. Domo LLC to Rojas, Fabian & Montoya, Ibeth, 920 Rose St., $173,000. Dove, John to Nelson, Craig A, 930 N 66 St., $135,000. Draper ...



Real estate transfers for Oct. 22, 2017
Roanoke Times
Local Office On Aging Inc. and League of Older Americans to 706 Campbell Ave. S.W. LLC, 706 Campbell Ave. S.W. Roanoke VA 24011, $500,000 10/06/2017. Molera Holdings LLC and Limekiln Holdings LLC to AVE Roanoke LLC and AVE RET Condo II ...



Housing Isn't Just About Real Estate | Seeking Alpha
Seeking Alpha
The National Association of Realtors (NAR) reported today that sales of existing homes (resales) were up slightly in September 2017 on a monthly basis.

and more »


Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending Sept. 15,2017. AKRON • 57 East Ave., Cassandra A. Nicholas; Michael A. Nicholas to Edna M. Scherf; Kevin J. Scherf, $200,000.



Niagara County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Niagara County clerk's office for the week ending Sept. 1, 2017. LEWISTON • 4072 Calkins Road, Hathaway A. J; August J. Hathaway; Barbara Hathaway; Barbara G. Hathaway; ...



Chronicle Telegram

Real estate sales up in Lorain County
Chronicle Telegram
ELYRIA — The Lorain County real estate market is on track for a record year as more properties are selling for higher prices, said county Auditor Craig Snodgrass. He said that as a result he likely will raise the estimated revenue for his office by ...

and more »


Charleston Post Courier

Real Estate items
Charleston Post Courier
The new associates are Meghan Chipley, Farrah Follmann and Chris Gatto. "We are incredibly fortunate to add three exceptional and experienced real estate agents to our team," says Helen Geer, president and broker-in-charge at William Means Real Estate.



Montgomery County real estate briefs: Week of Oct. 22
Montgomery Newspapers
Born and raised in Philadelphia, purchasing her first home in Lansdowne in June 2015 ignited Jasmin Johnson's interest in the real estate business. In May 2017, Johnson began real estate courses at Temple's Real Estate Institute. Upon successful ...



National Review

Mortgage Interest Tax Deduction & Real Estate Lobby | National ...
National Review
The real-estate lobby's criticism should be ignored for the benefit of all ...

and more »


The Columbus Dispatch

Real-Estate Report: More higher-income people choosing to rent
The Columbus Dispatch
A new report helps explain why Columbus and the rest of the nation are seeing so many new high-end apartments. The study, by New York University's Furman Center, concluded that more affluent households are opting to live in apartments than before the ...


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