Archive for the 'Rehabbing' Category
How to Sell Your Home Fast
If you’re a real estate investor, you know how important it is to be able to sell a house fast. Anything can happen in a short period of time, and you don’t want to risk losing value in your property just because it takes a long time to find a buyer to meet your asking price.
When you’re flipping a house, you need to make sure that you do the proper renovations to increase the value of your property, but timing is of the essence because you need to be selling homes just as fast as you’re buying them. There are always a variety of changes you can consider to make your house more marketable.
When you buy a fixer-upper, you know that there will be hours of work ahead. But it can be hard to know where to start. Not everyone is born a Joanna Gaines — the design mastermind behind HGTV’s Fixer Upper — but that doesn’t mean you’re doomed to a dilapidated dwelling. Here’s a handy list of initial steps to ensure that your DIY approach to home-ownership is a success.
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.