Posts Tagged 'House Fixing Contractors'

6 Fantastic Tips In Managing Contractors

Posted on: May 7, 2011

Categories: Fix, Ideas

Author: lbuen

6 Fantastic Tips In Managing Contractors

The buy-fix-sell or rent out real estate investing strategy often fetches heftier returns than flipping because it entails a lot more work. This includes dealing with contractors who will be renovating your property. The profitability of your investment property partly depends on how the contractors execute their job since you will be spending a considerable sum of money for the project and because the quality of their work will dictate how much asking price or rental you can command from buyers or renters. That is why if you are new in this strategy, it is essential that you establish a good working relationship with some of them so that in your next rehab projects you know who to turn to. Of course, you would want to choose the competent and professional ones, those who are reliable and would not… Read the rest

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The Right Mix for a Headache-Free House Fixing

Posted on: January 27, 2011

Categories: How To

Author: lbuen

House Fixing – Riskier But Richer
The higher the risk, the higher the yield. This is one of the general rules in investing, and it applies very well even in real estate investing.
Retailing in the housing industry presents to the real estate investors substantial profits that are far heftier than wholesaling. This is because you can increase the value of the property by rehabbing. However, conforming to the investing precept just mentioned, rehabbing also brings greater risk because it requires more capital to fund the house fixing. It is thus, vital that the project be carried out properly. You need to buy the right property with the right repairs, hire the right contractors and fix the right contract for a headache-free house fixing project.
Buying The Right Property for House Fixing
While a property selling below 60 percent of

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6 Ways to Legally Avoid the EPA’s New Lead Based Paint Renovation Laws

Posted on: November 13, 2010

Categories: How To, Ideas

Author: buyfixandprofit

6 Ways to Legally Avoid the EPA’s New Lead Based Paint Renovation Laws

Should you be afraid of trying to comply with the EPA’s new lead based paint laws?  I have heard several real estate investors offer up many different opinions on this topic.  Based on the fines involved, I would not willfully violate these laws whether you like them or not. The six ideas presented below are derived directly from the EPA’s FAQ website.

The good news is that only one in four homes built after 1950 has lead based paint.  Depending on your city, this may not affect you very much.

The first thing you have to do is pay $300 to have your firm lead based paint renovator certified; which is strictly a fee in order to get on the EPA’s approved list and receive an approved vendor certificate.  Then, the newly certified firm has to pay to have their… Read the rest

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How to Find a Contractor to Flip That House

Posted on: September 15, 2009

Categories: Fix, How To

Author: buyfixandprofit

Here is one piece of rehab advice before we get started.  It is your job to tell the contractor what needs to get fixed. Remember this is affordable housing not luxury living.  Even well intentioned contactors forget this sometimes, so you must remind them.

Real estate investment clubs

Real estate investment clubs are the ultimate source of leads for almost anything you need as a beginning investor.  Find the investors that are actively buying, fixing, and flipping properties and ask them for contactor referrals.  Don’t be shy, most rehabbers and foreclosure rehabbers will be more than willing to share their contacts.  In general, people love to help other people.  Investors and rehabbers attend these meetings to network and exchange ideas with others in the rehab business.  New investors can find answers and guidance to many of there newbie investor questions… Read the rest

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