Investing In Properties People Normally Hate
Would it be crazy to start investing in properties people normally hate
? A lot of home buyers are looking for waterfront properties, nice-looking bungalows, and modern-looking houses. That is why a lot of investors buy and sell these properties. But what about rundown, boarded-up houses? Are they really not worth investing in?
Call it contrary sanity but it is actually very rewarding to start a career in
real estate investing through these ugly houses. While people shun them, investors in todays market are actually looking for these houses. Some call them fixer upper homes, others handyman specials. No matter what name people assign them, these ugly houses can actually make you rich if you invest in them the right way.
Basically, entrepreneurs are investing in properties deemed ugly by the society through two methods: wholesaling houses and rehabbing. These two methods are both called flipping because they involve the quick resale of a property. Unlike in the traditional method of making money in real estate, investors who flip properties do not wait for years before reselling the houses. Instead, the properties are flipped within a period of a few days to a few months. That is why these methods are also known as short-term real estate investing.
In wholesaling houses, the property will be placed under contract. The wholesaler will then assign the contract to another investor usually a rehabber and earn an assignment fee. The rehabber, meanwhile, buys the ugly house and turns it into a new home by giving it the needed repairs and improvements. It can then be sold as other beautiful houses in the market today. Investing in properties people normally hate is considered profitable because ugly houses often sell very low. Investors love this idea because they need to spend as little as possible when they buy properties. Buy low is the guiding philosophy of real estate investing.
The number of these ugly houses is on the rise today. A lot of homes were repossessed by lenders during the recession and these are just sitting around. Private owners are also choosing to sell their properties because they are finding it impractical to pay mortgage. Some owners could not fund repairs and would rather move out and rent an apartment instead. No matter what their reason is, owners are willing to sell these houses at under-the-market prices and these leaves investors an opportunity to make money. Go to
Rehab-Real-Estate.com now and learn how you too can profit from ugly houses.
by: Carol Warner
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