| tools in America. It remains one of the
fastest and proven ways to amass a fortune, and more
importantly, once you understand the basics, almost anyone
can do it.
Incredible profits can and are being made by purchasing
run down homes and improving their value with a quick
makeover. The strategy is quite simple: Buy a run down
home below market value (wholesale), fix it up, and sell it
for full retail price.
Newcomers to this field are advised to devote considerable
time to research and study. Before you test the waters,
there are four factors that you should consider:
1. You must know something about remodelling and get an
idea of how much it will cost to get the house back into
shape. Consider what you will be able to do yourself and
what it will cost if you have to have it done.
2. The location and design of the home are two of the most
important factors to consider. Study the neighborhood,
shopping and transportation facilities.
3. You make your profit when you buy. Therefore, you must
learn how to calculate your ideal purchase price.
4. You should always finance the |
