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Make Money with Fixer–Uppers and Renovations shows homebuyers and investors how to build a fortune by purchasing properties at bargain prices, using creative improvements to add thousands to their value, and selling or renting them for high profits. Theres almost no limit to the number of ways you can increase the value of a propertyfrom quick and low–cost improvements like a fresh coat of paint to more extensive renovations such as multi–unit conversions or kitchen remodeling. This step–by–step guide includes the knowledge you need to combine entrepreneurial thinking with proven market analysis techniques. Youll learn to choose properties, plan improvements, and buy low and sell high. Make Money with Fixer–Uppers and Renovations will show you how to:
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The book contains some very good stories and information on fixing up properties, and the information Eldred gives is well worth the price. But the information lacks real meat on how to do any of the things he's suggesting. It's like any other $19.95 book on real estate investing: you get what you pay for, and sometimes his suggestions lack detail, or feel like "top of the waves" type of techniques. If there were an upsell, you might get some kind of procedure on exactly how to invoke your local ordinances, add to neighborhood convenience, or convince a reporter to play up the neighborhood's potential for turnaround.
He also winds up providing a formula for profit in the rehab business that walks and talks a lot like the Buy It! Fix It! Sell It! Profit! formula (a book he criticizes). Apparently the formula is sound, but he believes the buying price will rarely be 60 cents on the dollar. A fair belief, but you may be able to buy it at that price; I leave it up to the investor to make that choice. (In other words, read both books and make your own decision :) ).
Despite these limitations, you do get a lot of bang for your buck. I recommend it to real estate investors who would like to expand their thinking on potential fixer-uppers.
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