Looking for a cost cffective way to join the real estate boom?
Although it's not for everyone, for those willing to accept the challenges of fixer uppers, buying and fixing up less than prime properties can be one of the most lucrative opportunities available. This is a one stop guide for anyone considering buying or investing in houses, apartments, and commercial properties that work. You'll find loads of money saving and money making advice on how to find the best fixer uppers, inspect the properties to avoid "money pits," identify ugly duckling properties that need only quick cosmetic fixes, and structure deals to achieve win-win outcomes.
In this era of rising real-estate and building costs, it's natural that homeowner wannabes are turning to the less expensive (though more problematic) joys of fixer-uppers. Robert Irwin is a specialist in the area of improvable real estate, and this book is a terrific primer for those do-it-yourselfers who want to save money on the house of their dreams (or turn it around for a tidy profit). Irwin pulls no punches--he starts off with a quiz to determine what manner of fixer the potential buyer is able to handle; lays out the issue of money early on, keeping it firmly at the forefront of every chapter; and includes a horror story or two just to make sure the reader isn't easily scared off. "Nothing ventured, nothing gained" seems to be his motto, however, and the venturesome handyperson will learn a lot from this book.