| Buying properties that need some renovation | | | | properties is an activity that truly has the |
| gives you the greatest potential for a high | | | | potential to yield a six-figure income. Once |
| return on your investment. You might see | | | | you have several properties in your |
| these homes advertised as handyman specials. | | | | portfolio, it's not very difficult to make |
| One reason why fixer upper properties are | | | | more than $100,000 in a year, even when you |
| such great opportunities is their low | | | | take selling costs, legal costs and closing |
| purchase price. The lower your initial price, | | | | costs into account. |
| the easier it is to make a profit. The need | | | | |
| for repairs often gives you an advantage in | | | | Fire Your Boss |
| price negotiations. | | | | |
| | | | With this kind of income potential, you may |
| There's also a larger potential market of | | | | reach a point where you can move into |
| home buyers looking for homes in lower price | | | | full-time real estate investing. Even if you |
| ranges. Most handyman specials fall into this | | | | don't have money to start out with, you can |
| lower price range. But not many home buyers | | | | start with your own home. The increased |
| are interested in doing the repairs | | | | equity you gain after a quick makeover could |
| themselves. If you can buy a fixer upper at a | | | | finance your first investment. With some |
| low price and give it a little TLC (tender | | | | desire and motivated action, you could |
| loving care), you'll have people lining up to | | | | quickly reach your goal of being a full-time |
| buy when you put it back on the market. | | | | investor. |
| Rehabbing - the process of buy, repair, | | | | |
| resell - is one of the best ways to start | | | | Earn Now or Earn Later |
| making money quickly. | | | | |
| | | | You have a choice to buy, fix up and sell for |
| Accelerate Your Wealth Building | | | | profit now, or buy, fix up and hold for |
| | | | profit later. And while you're holding the |
| When you buy properties that need fixing up, | | | | property, you can rent it out for regular |
| you can instantly increase your equity just | | | | income. This allows you to meet current |
| by doing some home repair. This newly created | | | | financial needs and prepare for your |
| equity in the home can be used to finance | | | | retirement. |
| your next purchase. As you keep duplicating | | | | |
| the process, your wealth building begins to | | | | Control Your Risk |
| accelerate, and you can build a large | | | | |
| property portfolio in a surprisingly short | | | | When you build your property portfolio using |
| time. | | | | these methods, you stay involved with your |
| | | | investment. Many other investments are |
| Profit Instantly in Any Market | | | | handled by strangers who aren't really at |
| | | | risk. There's also no need to worry about |
| You can always profit over time by investing | | | | market forces. You can see returns from the |
| in real estate. When market conditions are | | | | beginning regardless of market conditions. |
| less favorable, it might take several years | | | | |
| to see significant capital gains. However, | | | | Fixer-upper homes have a lower purchase price |
| when you buy and fix-up properties for | | | | because most potential buyers don't want to |
| resale, you can profit instantly regardless | | | | face renovation as soon as they move in. When |
| of the market. Your repairs add instant | | | | you buy a fixer-upper and do some |
| value, easily 10 to 30 percent. And if you | | | | improvements, you quickly increase the home's |
| hold the properties in a growth area, you | | | | value and make it more attractive to a larger |
| stand to make even more. | | | | segment of the home-buying market. Buy |
| | | | transforming a handyman special into a |
| Find a Six-Figure Income | | | | beautiful, "new" home, you've almost |
| | | | guaranteed a handsome profit for yourself. |
| Flipping (buying, fixing up and selling) | | | | |