Comments on: Making Money in Real Estate with Fixer-Uppers http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Sat, 21 Nov 2009 03:27:42 -0400 hourly 1 By: fxrupper http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4093 fxrupper Fri, 09 May 2008 11:07:49 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4093 Excellent post. The dream of many is to buy a little, rundown home and turn it into a beautiful piece of property that can be sold for several times the price they paid. It’s a dream that often doesn’t make it into reality, for a variety of reasons. But you have provided valuable suggestions to make the dream come true. Thanks for sharing your experiences. Excellent post. The dream of many is to buy a little, rundown home and turn it into a beautiful piece of property that can be sold for several times the price they paid. It’s a dream that often doesn’t make it into reality, for a variety of reasons. But you have provided valuable suggestions to make the dream come true. Thanks for sharing your experiences.

]]> By: Fixer Uppers and Rental Houses: Guest Fixer-Upper Article on "Gather Little by Little" Blog http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4092 Fixer Uppers and Rental Houses: Guest Fixer-Upper Article on "Gather Little by Little" Blog Thu, 20 Mar 2008 02:38:36 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4092 <!--%kramer-ref-pre%-->[...] encourage you to check out my guest article entitled Making Money in Real Estate with Fixer-Uppers at gatherlittlebylittle.com.I also direct your attention to another excellent article at [...]<!--%kramer-ref-post%--> [...] encourage you to check out my guest article entitled Making Money in Real Estate with Fixer-Uppers at gatherlittlebylittle.com.I also direct your attention to another excellent article at [...]

]]> By: Real Estate In San Luis Obispo http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4091 Real Estate In San Luis Obispo Fri, 14 Mar 2008 07:07:57 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4091 It's especially hard out here in California to get started in the fixer up business. Unlike you $84,900 starting price out here in San Luis the average price of a home is well in to the $500k mark. Well above what the person trying to break into the market can afford. If you try to save a few bucks by trying to invest in a condo you go wrong because you can barely make any of the money you put into it back. Guess the days of glory are gone out here :( It’s especially hard out here in California to get started in the fixer up business. Unlike you $84,900 starting price out here in San Luis the average price of a home is well in to the $500k mark. Well above what the person trying to break into the market can afford. If you try to save a few bucks by trying to invest in a condo you go wrong because you can barely make any of the money you put into it back. Guess the days of glory are gone out here :(

]]> By: Power of Trying Something New - Personal Finance Review » Money Smart Life http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4090 Power of Trying Something New - Personal Finance Review » Money Smart Life Sun, 03 Feb 2008 21:20:13 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4090 [...] -Making Money in Real Estate with Fixer-Uppers @ Gather Little By Little [...] [...] -Making Money in Real Estate with Fixer-Uppers @ Gather Little By Little [...]

]]> By: Fixemup Terry http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4088 Fixemup Terry Tue, 29 Jan 2008 04:31:02 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4088 Bob, That's a good point. In the fixer upper business you have to be able to identify problems with properties. But, as in any profession one choses, you must learn the ropes. Over time, the more you do it, the better you get at it and the more money you can make. Fixer uppers require learning a whole new set of skills and takes a lot of hard work. Our family motto is "we work like dogs, eat like hogs, and sleep like logs." One of my favorite quotes is by Thomas Edison who said, "Most people ia missed by most people because it is dressed in overalls and looks like work." Bob,

That’s a good point. In the fixer upper business you have to be able to identify problems with properties. But, as in any profession one choses, you must learn the ropes. Over time, the more you do it, the better you get at it and the more money you can make.

Fixer uppers require learning a whole new set of skills and takes a lot of hard work. Our family motto is “we work like dogs, eat like hogs, and sleep like logs.” One of my favorite quotes is by Thomas Edison who said, “Most people ia missed by most people because it is dressed in overalls and looks like work.”

]]> By: Cheapster Bob http://www.gatherlittlebylittle.com/2008/01/making-money-in-real-estate-with-fixer-uppers/comment-page-1/#comment-4089 Cheapster Bob Sun, 27 Jan 2008 19:50:41 +0000 http://www.gatherlittlebylittle.com/2008/01/26/making-money-in-real-estate-with-fixer-uppers/#comment-4089 I've been looking into this but you have to be very careful about the pitfalls. You could buy a "fixer up" and find out that the entire plumbing system is broken and needs repair or the electrical wiring. This can add thousands of dollars and not to mention a cracked foundation which is common in old junk houses. A good home inspection will catch these but they run 500 dollars so are not cheap. You can really get burned in this business so I've decided to stay out of it. I will rent out my current home within the next five years and buy a new one to live in for the rest of my years. That's about as far as I want to go in this business. Good post though. I’ve been looking into this but you have to be very careful about the pitfalls. You could buy a “fixer up” and find out that the entire plumbing system is broken and needs repair or the electrical wiring.

This can add thousands of dollars and not to mention a cracked foundation which is common in old junk houses.

A good home inspection will catch these but they run 500 dollars so are not cheap.

You can really get burned in this business so I’ve decided to stay out of it. I will rent out my current home within the next five years and buy a new one to live in for the rest of my years. That’s about as far as I want to go in this business.

Good post though.

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