Is a Fixer-Upper the Right Investment for Me?
Posted by The Cobb Group on
You’ve read the headlines: Build sweat equity. DIY special. Needs some TLC. These homes are far from turnkey, but they can offer good opportunities. With the right renovations, fixer-uppers can be a profitable investment.
But is this type of purchase right for you? To answer this question, consider three important factors.
Your plans. If you’re hoping to get a good deal on real estate and flip it for a profit or rent it out for extra money, this can be a good option. Another great option is buying a fixer-upper and doing the repairs yourself in order to transform the house into your dream home. On the other hand, if you have watched a lot of real estate shows and expect to spend a couple of weekends working on the home and then make big…
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I have emphasized the importance of carving out a time each day to expand your mind and also to study and see how others have reached their own dreams. I know you can cut your learning curve by modeling after those that have come before you and have met their success. Besides working with me, I will encourage you to look at those who are paving the way for all of us. In the Netflix documentary, “Inside Bill’s Brain,” it documents how Bill Gates carries a tote bag of books everywhere he goes. He reads everything from state budgets to modern day fiction. He continues to expand his mind whenever and wherever time allows. Here is a borrowed list of books from some of the world’s best achievers. If you are going to take the time to do this, make it count.
