Updated almost 7 years ago on . Most recent reply
Howdy Y'all from Texas ;)
We've always been shy of real estate investments beyond normal home-ownership because we don't know how to make them work, and we've seen more examples than not of people failing (sadly). I'm here for two reasons. First, I want to learn about this because I'm seeing people in my periphery try it with dismal results. Nobody has told them the truth to save them from failure. I need solid information beyond my gut feelings. Secondly we are about to move, and I'm considering a house that would need a more major rehab than we have ever undertaken in the normal course of life. I want to do the upgrades with resale in mind. I'm not a flipper, and I'm not one to think I can watch 3 years of HGTV and pull it off...I'm still under the impression that ALL tv is make-believe. My husband has been a project manager for major commercial construction (hospitals and medical office complexes), so he knows how to run construction projects. What we need to know is wisdom regarding real estate, how to manage the money and which projects to spend the cash reserved for rehabs on...