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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:

Los Angeles Times

China to limit overseas investments in real estate, sports
Los Angeles Times
China's government is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the ...
China cracking down on investments in sports clubs, real estate, entertainment, pornography and military technologyShanghaiist
China to limit overseas investments in real estate, sports clubsXinhua

all 32 news articles »


Real estate transactions for Sunday, Aug. 20, 2017
TribDem.com
Deborah A. Christofes from Jacqueline Bodenschatz Morrison, by attorney-in-fact, property in Westmont Borough, $65,000. Mitchell Wilson Jr. from S2C LLC, property in Richland Township, $181,000. Kayla Kukenberger Rubis from Telford W. Allison, property ...



Real estate records, 08/20/17
Lincoln Journal Star
Anderson, Adam M & Craig E & Brenda J to Fosket, Shad A & Tina L, 2301 Dudley St., $90,000. Anderson, Christopher L to Hargrave, Andrew J, 1410 Cheyenne St., $112,600. Anderson, Michael J & Roseann to Marron, Mary B, 6400 Ashbrook Dr., $500,000.



Crain's Cleveland Business

Frank Sinito has sky-high hopes for real estate portfolio
Crain's Cleveland Business
That's also how the native Clevelander went from humble beginnings to launching the highly regarded Lockkeepers restaurant to growing an apartment-based real estate empire with 24,000 suites in 26 states. Now the company is so large that it hosts an ...



USDA reports farm real estate, cropland value in Iowa has increased this year
The Daily Nonpareil
SHENANDOAH — Good news when it comes to Iowa farmland and buildings on farms, according to the United States Department of Agriculture Land Values 2017 Summary. The United States farm real estate value, a measurement of the value of all land and ...



CNBC

Christie Brinkley to sell $50 million worth of Hamptons real estate
CNBC
The three-story colonial mansion was built in 1843 by a whaling captain. It still features much of its original carpentry, including the wide-plank floors, oak banister and multiple fireplaces. Brinkley purchased the four-bedroom residence in 2004 and ...



How to nail the real estate post-close follow-up process
Inman.com
You found your buyers the perfect house and helped them write a winning offer. You held their hand through the inspection and appraisal and getting that earnest money check from point A to point B; you were there when they signed their names a hundred ...



OCRegister

Allen Buchanan: What's the MOST important part of a commercial real estate investment?
OCRegister
I believe the income stream is the MOST important part of a commercial real estate investment — otherwise, you don't have an investment, you own an empty building. A commercial real estate investor considers many aspects of his investment. The ...



Texas real estate company buys a big piece of Colorado Springs homebuilder
Colorado Springs Gazette
A deal between a longtime Colorado Springs homebuilder and a Texas real estate company could signal changes in the local homebuilding industry. Privately owned Challenger Homes, one of the area's larger residential builders, has taken the first step ...



Real estate transfers: Reported Aug. 20, 2017
Herald-Whig
Dustin Eugene Hoffman, Sara J. Hoffman and Sara J. Schaller, residence at 927 S. 22nd St., to Olivia L. Stotts. Arlene R. Heck, residence at 1211 Boulder Court, to Brian R. Snyder and Diane M. Snyder. Marta E. Hayner and Marta E. Minnick Huneke ...


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