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A fundamental
way of Real Estate investing is to buy a property and sell it within
a relatively short amount of time for a profit. It avoids the
hassle
of dealing with tenants, and since you are buying and selling at
basically the same time, it avoids the potential of the bottom falling
out of the market and taking your profit potential with it. Due
to the short time span, your return on investment, as a percentage,
can be higher than almost any other form of investment.
One
of the most challenging tasks you will face is locating good properties
to "turn". You will be competing with other investors
and first time buyers who want to repair and live in. In addition
to your own efforts, you may want to enlist the help our Real Estate
Agents whose specialty is investment properties.
When
you "rehab" a house, timing is of the essence. Repairs
must done in a very timely and orderly manner. For example, inner wall plumbing repairs must be done prior to any sheetrock work,
which must be done prior to any painting or wallpapering, which
must be done before carpeting.
If
you are not the "handy man", Metro Properties could assist
you in assembling a "team" of professionals that will give
the reliable services you need.
Basically,
the strategy in rehab is to purchase distressed or otherwise undervalued
property that has considerable profit potential, sell it quickly
for a small profit or renovate it and sell it for a larger profit.
Related
Investment sites:
http://www.dfwrein.com
http://www.richclub.org
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