I will be doing a series of articles on purchasing various forms of real estate that are fixer uppers in our terminology. So stay tuned I think it will prove to be an interesting series since we are dealing with so many of these properties these days. I hope you enjoy the tips and information and let me know what you think! Thanks Peter - Your Real Estate Investment Coach www.coachingbypeter.com
Buying Fixer-Up Homes
If you have decided you want to own your own home, you might consider obtaining the services of a professional real estate coach or mentor in helping you make a decision over which properties would be suitable for you. For instance, you may want to consider purchasing a house that you could fix up and make into a beautiful dream home. However, not all investments are a wise decision, and having a coach or mentor will help you protect your money and the time, especially if you do not have a lot of time to spend in building a location up.
In addition, a mentor or coach will help you broker your agreement by commenting on whether the deal is fair or you should renegotiate the contract. Many people may read through a contract but if you do not have an actual knowledge about what it is that you are reading means then you could be getting yourself into a very large amount of trouble and even debt. With the help of a mentor or coach you will get to have a second opinion from someone who knows what they are talking about so that you do not have to worry about the risks as your sign the contract that could mean your success.
Investing your money into the real estate business currently can be a decision that is very intelligent due to the amazingly low prices that there are currently and the fact that a few years from now those prices will be returning to the higher prices people had become to accustom to seeing. With the low prices that are being seen there are many people who wish that they could invest in homes, apartments and more to be able to fix and resell when the economy rises again but they do not have the money because of previous investments. This means that someone who buys currently while the prices are low and waits to sell until the prices are much higher is sure to get the returns that they hope for and come out ahead with the help of a mentor or coach.
A coach or mentor is able to help you know what you need to in addition to being able to make sure that there is nothing that you forget because of lack of knowledge or because of forgetfulness. This means that while you make your check list of what it is that you would like to be done or while you make y our plans you have someone there to reinforce you so that if anything happens you are not the only person that there is to call. This can be helpful because if you have work during the day then you will not have to deal with constant calls from construction workers or other workers that may be taking care of your house, apartment or other piece of pad that you may be building or fixing to sell or rent out in the future.
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