Foundation Repair: The Basics & 4 Key MisconceptionsWhen the words “foundation repair” are spoken, feelings of fear and nausea are often accompanied with visions of thousands of dollars flying out of your pocket. I have met few people who get excited about foundation issues and paying to have them repaired.Investors: Understanding foundation repair can make you money!Here is my story:Our family had flipped eight houses that required foundation repair before I had any understanding … [Read more...]
Importance of Real Estate Maintenance Funds
May 7, 2012 By Leave a Comment
Importance of Real Estate Maintenance FundsAn amazing run of good luck has come to an end. Despite owning a number of older rental properties, I haven’t had to deal with a major repair in almost two years. Recently I had to replace a water heater that failed and take care of several plumbing problems requiring extensive repairs. While I wasn’t happy about it, it wasn’t a problem because I had maintenance reserve funds set aside for such events. Of course, you have reserve funds for your … [Read more...]
Which Home Remodeling & Repair Projects Pay Off?
February 18, 2012 By Leave a Comment
Which Home Remodeling & Repair Projects Pay Off?Ready to fix up that fixer upper you bought for a song and plan to sell as soon as the market turns? Getting a property ready to rent or sell can run into serious time and money. According to a survey of investors last spring by Move, Inc., about a third expected the cost of repairs to exceed 20 percent of the property’s purchase price. That’s more than $33,000 at today’s median home price.So before you start ripping out the … [Read more...]
How To Fix Up Properties For Maximum Curb Appeal And Resale Value – Part 3
February 16, 2012 By Leave a Comment
How To Fix Up Properties For Maximum Curb Appeal And Resale Value – Part 3By now, you already have an idea of what is a fix-up plan and how to deal with contractors from Parts 1 & Part 2 of “How To Fix Up Properties For Maximum Curb Appeal And Resale Value“. So what’s next…..Give The Property An Industrial Strength CleaningThe first step in the property fix-up phase is [...]Read the full post here... … [Read more...]
Fixing Up Properties For Maximum Curb Appeal And Resale Value
October 27, 2011 By Leave a Comment
Fixing Up Properties For Maximum Curb Appeal And Resale ValueHow To Avoid Being Ripped-Off Real Estate Investors that use Repairmen And Contractors.Here are three ways that you can avoid being ripped of by the many unscrupulous repairmen, tradesmen and contractors who make a living taking real estate investors to-the-cleaners on a regular basis:Hire only properly licensed and insured repairmen, tradesmen and contractors.Require written estimates for all jobs.How To Fix Up Properties For … [Read more...]
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