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In this video I break down how to buy fixer upper homes the right way. Unfortunately many people don’t understand what they’re getting themselves into when they buy fixer upper homes and they easily can get burned by a contractor or even buy the wrong house that will cost them a lot of money.
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If you want to know how to buy a fixer upper the right way, then you really want to buy a property below market value, hire a good contractor, and renovate the right way. There’s multiple ways in real estate investing to find good deals below market value. The best is off market either directly dealing with a seller or using a wholesaler. Another alternative is the MLS but it is hyper competitive at the moment considering how hot the housing market is.
When buying an investment property, going with a fixer upper is really the best way to force appreciation in your house and add additional equity. So next time you try to fix up a house, remember it’s important to buy the right house, hire the right contractor, and renovate the right way. I hope you enjoyed this video on how to buy a fixer upper and renovate the right way.
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