Buy a house, remodel it and sell it

My husband and I did this several years ago. We found a decent deal on a house in desperate need of remodeling. The tv shows make this seem much easier than it is to make money!! You have to be diligent about finding a house at the right price and about what you put into it to fix it up and realistic about what you can resell it for.

We put in an incredible amount of work painting, tiling, yardwork, minor plumbing and let the professionals come in for the electrical, major plumbing, kitchen cabinet installation. We made money on the deal – enough to make it worth our while, but it was not “easy” money! Definitely rewarding at the end of a long day to see the major transformation come about.

I am a real estate agent, first thing you need to do is find a good agent who can help you find the right properties. Most people think they can save more money by not using an agent. Not true, buyers agents get paid by the seller! Next find a lender (Mortgage Company) that you can trust. Best if provided by real estate agent (Safest way to go). Whatever you do don’t get a loan online (nothing but trouble). Make sure you meet face to face! Very important to build trust. Decide if you want to buy properties to own and rent out or to buy fix up and sell for a profit (Flipping). I suggest a bit of both. When flipping a house be sure to budget and make sure you can make a profit off of the flip. If you need help finding an agent let me know and I will find you a good one. Just email me at timmymac80@comcast.net and let me know where you live or plan on investing (City and State) and I can help you find a good agent. Any other questions you have feel free to email me. Also if you plan on being a serious investor in real estate, I suggest getting your real estate license. Even if you do not work as a realtor you can make money off referrals. For instance if I were to refer you to an agent I could ask the agent I refer you to, to pay me a referral fee of about 30 % of their commision. So if you buy and sell alot you can acctually refer yourself to an agent and get some money back from their commisions. Hope this helps you can good luck!

~Tim McDonald
Prudential Fox & Roach
Haddonfield, NJ

in some weird anthropomorphic way.

seriously, you can’t get too attached to the beautiful tile job in the bathroom, or the fabulous zen flagstone path in the yard, or the terrazo windows sills.

because like any other relationship that ends, you have to move on, get over it, and stop looking back.

love the one you’re with, to paraphrase some old song.