Profiting From a Tampa Bay Area Fixer-Upper
By David Tipton, GRI, ePro, SRES, Real Estate Broker - Tampa
(Grady David Tipton Brokerage)
Many real estate investors earn a living out of renovating run-down properties and reselling them, or holding onto them for rentals. Commonly known as the fixer-upper, it offers you two paths to real estate investment. Buy a Fixer-Upper and Sell Again In addition to offering a handsome profit, fixer-uppers can offer a true sense of satisfaction as you transform a dilapidated property into one with true appeal. But before you take the plunge, ask yourself three questions: 1. Can I buy it far below market value? 2. Can I do much of the work myself (or contract it out at reasonable rates)? 3. Can I get the job done quickly? Remember, every month you add to the project is costing you in lost rental income, taxes, insurance, utilities and more. Buy, Raise the Rents, and Sell Again Q...
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