How To Finance Fixer Upper Homes
Investing in fixer upper homes can be a lucrative opportunity. Just make sure you have the means to do necessary remodeling or renovations. Improving a foreclosed home involves painting, replacing windows and doors, fixing the plumbing and electric wiring, etc. Once you have restored the house to its perstein condition, you have already increased its value. You can now live in your brand new home or sell it to other buyers to make some profit.
Fixer upper homes can be found in even the most expensive cites for much less than other homes. Even here in Santa Clarita, where a small home will usually be over $200,000, an investor at our real estate investing club just told us he foun