Flipping Houses: WHAT IS A FIXER UPPER?
By Steve Cook
It always amazes me when I talk to beginning investors about the homes that they are looking at and calling fixer uppers. They frequently tell me stories of homes that they feel need to be torn down, and when I see them I think they are in good shape, at least as far as a rehab is concerned.
But then I think back to when I first started in this business. I consider the homes that I had been looking at and the difficulty I had in overcoming my first investor purchase.
In my early days as an investor I pursued homes that today I wouldn’t waste a minute of my time looking at. I was one of those people who believed that this couldn’t work where I lived, and if I would have kept on the same path that I starte...
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