...this had absolutely nothing to do with second mortgages or home equity credit lines. This was completely different.
Very quickly, it became clear that the unusual nature of Renovation Financing made possible enormous money making and saving opportunities for homeowners, home buyers, investors, real estate agents, contractors and more...
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"Renovation Hints!"
Don't try and make the investment the way you want it..even though I take pride in having things the way I like them, it may not sell.
I took a chance on the last one and built an enormous deck at the front of the house to take in ocean views - it paid off, as everyone was drawn to the deck, but I need to tell you that wood ain't cheap...however, you may get the job done for between $3000-4000 and it will attract attention.
Make sure to get 3 quotes on every job and check out the standard of tradesmen. Ask them to give you names and addresses of where they have completed work. This will save you a painful and expensive experience.
"The Tenants Skipped Out And Left a Mess!"
What a shocker! The place looked like a dump..rubbish all over the yard - I've filled two 9m3 bins with crappy furniture, bags full of clothes, household junk and dirt and filth.
Yes..they left..in a hurry. Leaving a pile of unpaid bills.
That's what our society has been breeding..no responsibility, but one of the biggest property booms the world over.
That's why we have to position ourselves.
Don't Fall in Love With Your Property - Buy to Renovate and Profit
I'm so sore..couldn't sleep last night..I used muscles I didn't know I had!
The property is looking much better..now for the inside!
Hey..I'm not saying go look for tenants..they are a necessary evil..and that's all.
You see if you don't buy RIGHT you need the tenant to pay the bills.
Some people are so scared of missing the profits that they PAY TOO MUCH!
Bad mistake.
Looking for the Right Property to Renovate and Profit
You must buy below market value which means you do a lot of research on the ideal buy.
AND...no structural work..please..replace doors..OKAY..not build verandas or new rooves.
You see you have to get really "CUTE" about how you spend your money.
AND..when you go shopping you make a list of the renovations needed and you price each one..you can get quotes...and if it's going to cost more than your budget..you don't buy...or you slash the purchase price by the amount it will cost.
Do what I say here and you have already made money!
More...Much more to come.
Take your time real estate prices cannot keep going UP..there will be some deflation and people will perhaps be looking at less maintenance as well, so the TYPE of dwelling is going to become MUCH MORE important.
Keep your powder dry...have a look around the exterior of your house and just make notes on how to enhance your own home.
Don't spend any money yet! Just contemplate for now and make notes. Yes you can go and price your modifications.
No structural work! OKAY!!
"Read Me For Renovation Profits"
I have been telling you about my first home(3 bedrooms, 1 bathroom, 1 toilet)..had the property for 20 years, and moved out just 13 months ago; it's located 100 metres to the beach. Bought it for $48 000 in 1985, now it's worth between
$400 000 and $450 000.
"Your Next Home Improvements Pay Day!" |
|
AAAAAAAAHHHHHHH!!!!!!!!!
My tenants made a messss!
Thank God they left...
They were keeping snails in the bathtub..and who knows what else...dirty, dirty dirty!!!!
Thank God the place is appreciating as we speak...
Tell you more soon.... I got back not too long ago after filling the skip with their junk and I'm going to need another skip to get rid of the garden rubbish!
"You Are Just Moments Away From Discovering The Secrets Of The Hottest Real Estate Investment Technique to Amass a Real Estate Fortune - And Quit your Job Forever!"
Ready to Find that Special House and Renovate for Profit?
Then please keep reading!
You'll discover a step-by-step blueprint to getting started (even if you have little or no money, or building experience)... PLUS how to instantly get your hands on $238 worth of free bonus gifts.
You may be thinking that this couldn't possibly be true. How can someone buy a "YUK" house that no one else wants, make the right improvements at the right price and NOT go "overboard" and make a great profit doing so.
I mean if it's possible then why doesn't everyone make lots of renovation profits ALL the time?
It's simple really...not everyone can be bothered.
But if you're keen on making money or better still - IMPROVE THE VALUE OF YOUR HOUSE..then I've got GOOD NEWS for you!
You could be organizing your NEXT BIG PAY DAY right now!
Improve the Value of Your Home
My next door neighbour was selling his house but the sale fell through. He was selling the place, "a YUK place", without lifting a finger to improve the look or smell and then the "sale fell through".
I knew because of our own past investing that we were in a good area and that with some money spent we would make a profit. We bought it and I spent 3 months on it - hired tradesmen, had a few headaches, broke concrete, did the exterior paint on the walls and cleaned up the rubbish.
My wife and I ripped out the carpets and paid someone to varnish the floorboards and someone else to varnish all the woodwork.
What we bought for $270 000 we were able to sell for $430 000. Now it wasn't all profit, but we were happy with the price improvement we achieved.
It took us 12 months to sell. Not a bad wage for 3 months work.
Our budget was $20 000 and I think we went over by about $3000.
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