Buying a fixer-upper offers real estate investors greater opportunities to snag investment property at below market value and quickly build equity, but it comes with greatly increased risk for the new investor. On this episode of the #AskBP Podcast, Scott Trench shares his perspective as to which types of investors might want to take on this added risk, vs those who might do well to avoid properties that need a lot of work. If you’re looking to buy a fixer upper as a first investment, make sure you ask yourself the questions posed in this episode!
Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like… seriously… a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of “The Book on Investing in Real Estate with No (and Low) Money Down“, and “The Book on Rental Property Investing” which you should probably read if you want to do more deals.