Archive for the 'Rehabbing' Category
When I tell people that I am a real estate investor, or that I work at a real estate investing firm, one of the first questions they ask me is: “oh, do you flip houses?”
The question gets a little annoying after a while but I understand why people ask it – it’s because most people’s knowledge of real estate investing comes from what you see on television, and flipping shows are everywhere on TV.
So when I tell people what kind of investing I really do, I get a lot of blank stares as they try to fit what I do into their paradigm of “real estate investing”.
For some residential investors, capital expenditure terminology — CapEx for short — is unfamiliar. Capital expenditure reserves are common in the commercial real estate sector but lesser known in the residential real estate space.
You’ve purchased that quick-flip property. Now it’s time to get the most out of your investment. Real estate players rely on timing, negotiating skills and research to acquire properties that will return a profit. The property you purchase doesn’t have to be the property you sell, however. Minor property upgrades can pay for themselves and then some. From the unsightly material clinging to your 60s-era ceiling to the stale air in the living room, minor problems can turn away potential buyers and reduce your profit margin.
A little elbow grease can turn a trouble-ridden property into a hot sell. Try these upgrades if you’re looking to add quick value to your real estate investment.