real etate investors: Investors are making a ton of cash on rehabilitating foreclosure homes
- 01/22/11 02:46 AM
I am working with so many investors right now who are purchasing foreclosure homes and investing a small amount of money and time into the homes to get them up to par with what is selling. Often times interior paint, new appliances, flooring, a few light fixtures, some minor remodeling and minimal landscaping will give a perspective buyer the feel of a new home and the investors a huge profit. Lending guidelines do prevent property values from going up by a certain percentage and if the home does appreciate more than 20% in a 6 month period or by 25% in … (0 comments)
I am working with so many investors right now who are purchasing foreclosure homes and investing a small amount of money and time into the homes to get them up to par with what is selling. Often times interior paint, new appliances, flooring, a few light fixtures, some minor remodeling and minimal landscaping will give a perspective buyer the feel of a new home and the investors a huge profit. Lending guidelines do prevent property values from going up by a certain percentage and if the home does appreciate more than 20% in a 6 month period or by 25% in … (0 comments)
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