Is buying a fixer-upper right for you? How can you determine if a home is an opportunity or a nightmare? Here are the crucial questions to ask yourself: 1. Are the home’s issues cosmetic or structural? If they’re structural, you may want to pass because of the cost and difficulty of fixing. 2. How much are[…]
We’ve posted this information a number of times, but it’s still a problem out there for people looking for rentals. Beware of rental ads that seem too good to be true. Scammers pull information and pictures about a rental property from the internet and created their own advertising (usually on Craigslist), often times advertising outrageously[…]
Our investor just closed on a cute 3 bedroom, 1.5 bath home in Sanford for $155,000 – fully rehabbed. With a 20% downpayment, this little performer will churn out a 28% return on investment. Although properties this nice at this price point don’t come up everyday, they are still out there, and we are constantly[…]
Slum lords leave money on the table. A well-cared for property is smart business for you as an investor: (1) Prime condition properties rent and sell for more, and they rent faster (reducing the dreaded turnover cost). (2) Tenants stay longer in well-cared for homes. The main concern every tenant has is: will you fix[…]