Property and Real Estate Investments: How To Buy, Remodel, and Sell Fix-upper Houses

By Dueep Jyot Singh

Table of Contents

Introduction
Investing in a Fixer
Property And Disputes
Mortgages and Foreclosures
Locality
DIY or a Contractor Do It?
When Should You Buy a Fixer
Taking Professional Advice
Selling It or Renting It out
Buying Foreclosed property
My Property Is Going to Appreciate...
The ABC's of Property Expansion
Conclusion
Author Bio
Publisher

Introduction

It was somewhere around the early 90s, when I was on annual vacation and I found out that my aunt and my cousin were not coming back from the USA for their yearly visit home. It seems aunt had bought a new property, and my favorite cousin M. and aunt and all their network of friends were busy remodeling it, re-furnishing it, refurbishing it, to make something really market worthy. She would be arriving next year, after she had made a really handsome profit out of this fixer-upper property, and she did just that.

This was in the 90s. It is only in 2020, that I found out that more and more people have woken up to the fact that they just have to invest in a property, buy it, modify it, fix it up, remodel it, and then sell it at a handsome profit.

This book is going to tell you all about whether it is sensible to buy a fixer-upper property, under which circumstances you should buy it, under which circumstances you should definitely not think of investing your money in a fixer-upper property and other tips and techniques based on experience.

Well, aunt did not mind taking the help of professionals, to remodel those properties. Her own daughter was an architect, fresh out of Berkeley. Her daughter’s friends were all eager new creative architects, who knew everything about building, plans, and what could be done to a house which needed a facelift.

Living in the very welcoming city of San Leandro, and in a very friendly neighborhood, she did not mind that the neighbors arrived occasionally to do a little bit of carpentry, on the weekend. A neighbor’s daughter who was an interior decorator just loved the idea of having rooms on which to practice. Within one year, that job was done and aunt made such a handsome profit, that three years later, again, she was busy “sorry, I cannot come this year. I have just picked up another property going cheap and I intend to send it at a very handsome profit.”

• Language: English
• Publisher: Mendon Cottage Books
• Release date: Mar 17, 2018
• ISBN: 9781370574056

Book preview

Property and Real Estate Investments

How to buy, remodel, and sell fix-upper houses

Dueep Jyot Singh

Entrepreneur Series

Mendon Cottage Books

JD-Biz Publishing

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http://MendonCottageBooks.com

All Rights Reserved.

No part of this publication may be reproduced in any form or by any means, including scanning, photocopying, or otherwise without prior written permission from JD-Biz Corp Copyright © 2016

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Disclaimer

The information is this book is provided for informational purposes only. The information is believed to be accurate as presented based on research by the author.

The author or publisher is not responsible for the use or safety of any procedure or treatment mentioned in this book. The author or publisher is not responsible for errors or omissions that may exist.

Download Free Books!

http://MendonCottageBooks.com

Table of Contents

Introduction

Investing in a Fixer

Property And Disputes

Mortgages and Foreclosures

Locality

DIY or a Contractor Do It?

When Should You Buy a Fixer

Taking Professional Advice

Selling It or Renting It out

Buying Foreclosed property

My Property Is Going to Appreciate…

The ABC's of Property Expansion

Conclusion

Author Bio

Publisher

Introduction

It was somewhere around the early 90s, when I was on annual vacation and I found out that my aunt and my cousin were not coming back from the USA for their yearly visit home. It seems aunt had bought a new property, and my favorite cousin M. and aunt and all their network of friends were busy remodeling it, re-furnishing it, refurbishing it, to make something really market worthy. She would be arriving next year, after she had made a really handsome profit out of this fixer-upper property, and she did just that.

This was in the 90s. It is only in 2020, that I found out that more and more people have woken up to the fact that they just have to invest in a property, buy it, modify it, fix it up, remodel it, and then sell it at a handsome profit.

This book is going to tell you all about whether it is sensible to buy a fixer-upper property, under which circumstances you should buy it, under which circumstances you should definitely not think of investing your money in a fixer-upper property and other tips and techniques based on experience.

Well, aunt did not mind taking the help of professionals, to remodel those properties. Her own daughter was an architect, fresh out of Berkeley. Her daughter’s friends were all eager new creative architects, who knew everything about building, plans, and what could be done to a house which needed a facelift.

Living in the very welcoming city of San Leandro, and in a very friendly neighborhood, she did not mind that the neighbors arrived occasionally to do a little bit of carpentry, on the weekend. A neighbor’s daughter who was an interior decorator just loved the idea of having rooms on which to practice. Within one year, that job was done and aunt made such a handsome profit, that three years later, again, she was busy sorry, I cannot come this year. I have just picked up another property going cheap and I intend to send it at a very handsome profit.

Men can talk about the business acumen of property dealers, but when a woman is on the business warpath, especially when she intends making a profit and she is willing to work hard towards achieving her goals, men normally put on their coats, and go home.

A friend laughingly told me, forget about money and forget about incompatibility between partners. Remodeling your house and fixing it up is the reason for so many divorces out there! She was half joking, but seriously speaking, when you are starting out in the beginning of your married life together, I would not suggest you buy or invest your money in a fixer-upper. That is because you have your own ideas. The missus has her own ideas.

Also, you have to look at your budget. You cannot afford to put in a lot of money in a fixer-upper, with the idea of selling it off to a person who is already ready and waiting, for the property. It isn’t necessarily so. My aunt was lucky both times. Word-of-mouth had gone around in the city that she was busy fixing up a showpiece property, with the help of her architect daughter, her carpenter friends, her interior designer neighbors, and all other professionals just chipping in to lend a helping hand.

It is only in those times that possibly neighbors were so caring and altruistic. But according to them, it was a social outing and relaxation, especially at lunchtime when they had a barbecue or potluck meal in the front yard. This sort of bonding is still presented many American small towns in smaller cities, even now, but in the larger cities, it is not possible because everybody is busy doing his own thing and he may possibly not know who his neighbor is for months or even years. Been there, seen that. And this problem is global, all over the world, where a more leisurely and relaxed way of living has given way to a more hectic and stressed lifestyle.

I asked a friend of mine, why he enjoyed buying properties which were totally derelict, because he seemed to have a bulging bank balance and he did not really need to invest in such properties as future investments. Also, he happened to buy these properties in way off places and not in cities where properties were