fixer

Should Real Estate Rehabbers DIY or Hire a Professional Contractor?

by Connie Brzowski | January 13, 2008

You don’t need the construction skills of Bob Vila to be a rehab professional, yet it’s no secret you can save if you do some of the work yourself. As a general rule, estimates from contractors in our area run 1/3 for materials and 2/3′s for labor. So theoretically, we save 66% by doing the [...]

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Flipping Houses

That First Rehab

by Richard Warren | December 11, 2007

What a rush, closing on that first rehab deal! Now it’s time to start making every mistake in the book, at least that’s how it was for me. On the surface it looked like a great deal. I had purchased a bank REO for about 60% of the market value after repairs. I had construction [...]

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Commentary

Be Smart: Don’t Listen to the Media Hype

by Jim Watkins | August 29, 2007

“There are too many foreclosures in my area.” “The market is dead” “New home construction is making it impossible to compete with.” When I hear any of the above statements, my response is, “Whatever.” If everyone believed the media hype about global warming, everyone might move to higher ground. The media continues to report that [...]

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