The goal of purchasing, rehabbing and repositioning a property is to make a profit, period. That means every decision you make must have the bottom line in mind. That is especially important when it comes to deciding about the level of renovation required to reposition the property. Over the years I’ve been involved in everything [...]
Whether you’re new to purchasing, rehabbing and repositioning real estate as an investment opportunity, or you’re a more seasoned investor (in real estate or elsewhere) you need to answer one big question before you make your next purchase: Where’s the money coming from? The answer? Either you have 100-percent equity to invest or you are [...]
Properties in foreclosure are often an excellent source for single-family home rehab and repositioning. Coming from a family that actively owns and operates real estate investments (I’m the third generation to be in the biz) I’ve seen my fair share of houses, blocks and neighborhoods fall into disrepair, then, after the foreclosures are handled, [...]
In real estate, as in many other areas of business, one simply can’t jump in without doing the legwork and research. Because there’s so much money at stake, it’s crucial for real estate investors (especially first-time ones) to go through the right procedures--rather than leaping without looking. With that in mind, understand that this guide [...]
Believe it or not, a lot of work goes into real estate projects--in particular, the decision over whether a property should be renovated and refurbished, or demolished outright to make way for another structure. Personally, I much prefer renovation and refurbishment: I find it more cost-effective and efficient, and I’ve made much of my career [...]