Realities of Flipper & Fixer-Upper Properties
Good Morning!
These days, many people are really excited about finding "fixer upper" and "flipper" type properties. This has been keyed up by the many virtual reality TV shows that feature people purchasing homes in poor repair and re-conditioning them to make thousands of dollars. It all looks so easy on TV.
The reality is that this can be a very trying experience for anyone in the Eugene and Springfield home market areas if you do not have a great deal of market experience. I am watching people consistently purchasing homes that they want to restore and flip. The majority of them are paying far too much for the home in consideration of what they need to spend on restoration. The problem comes about when these people try to sell and the value of the home is less than what they have invested or the rents are in the red.
There are "flipper" homes out there, but you have to be on top of things and you really need to know the market and also be able to accurately assess all costs involved in restoration. Unless you have been doing this for years, it is wise to get help. Myself and my team are experts in helping investors buy and flip homes or purchase them for rentals. If you are interested in getting into this part of the market and be assured that you make money and not lose money, contact me. We can set a time to meet and get an idea of what you would like to accomplish. From there, we can go to work for you!
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
Price: $1,250,000 Beds: 4 Baths: 4 ｽ Baths: 2 Sq Ft: 6143
Just minutes from town! This gated country estate is spectacular with an exquisite manor featuring grand staircase, 4 bedroom suites, office, theater room, gourmet kitchen and more. Great shop for RV and storage, creek, waterfall pool, ponds for fis...
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