How To Find The Right Area For Fixer-Upper Deals

How to Find the Right Area for Fixer-Upper Deals

947 Corel Dr. Sw, Albuquerque, NM 87121

947 Corel Dr. Sw, Albuquerque, NM 87121

A Fixer-Upper business venture could very well be your way out of the 9-5 day job. Not only does it hold the possibility of earning more, it also gives you a good opportunity to manage your own time, travel and meet new people. Plus, the extra money doesn’t hurt.

It could be well worth the sacrifice and the risk

Those that have become rich as a result of doing fixer-upper deals testify to the fact that while it can be a little risky, especially at first, it could be well worth the sacrifice and the risk. It is a very attractive, well-earning business with a very good rate of return.

Depending on how your business is financed, buying and selling properties may involve either very little or a lot of money. One good way to leverage your interest is to employ the use of other people‟s money.

The secret to success is the knack to find good properties

Any successful fixer-upper will tell you that the secret to success is the knack to find good properties that are seemingly un-sellable, but when fixed up can actually fetch more than its weight in gold. While some have an almost preternatural ability to nose up such properties, there are ways that everyone can learn to sniff out good property buys.

Doghouses – the term doghouses come from homes that aren’t structurally damaged, only unkempt and needing cosmetic upkeep. Some homeowners have good sound homes but neglect to do simple things such as clean the confines, plaster the wall with paper, and keep the roof in good repair and such.

These houses may be in such a condition because the owners are lazy, in dire financial straits and unable to maintain their homes, or planning on moving anyway. In such a case you will want to inspect the home closer, you could be in for a pleasant surprise.

If you spot such a house, you will do well to investigate more since you have, in front of you, a good chance of snagging a diamond in the rough.

Owners of such houses find it hard to sell these houses even if there is only minimal damage. This is because they are unattractive and people tend to have the inability to look beyond minor faults to find a good sturdy house standing in front of them.

Look at the Neighborhood – Do a little research on the neighborhood to find out if the area is a booming area worthy of prime property prices. Some properties, no matter how wonderful they may look like, can’t fetch good prices because they are in bad neighborhoods, or are in areas that are underdeveloped.

Ask around the neighborhood for signs of improvement in the last few years. Check out the amenities of the area, the community support, and the general impression of other people on the neighborhood.

Good house hunters are able to catch a good neighborhood on the rise

Good house hunters are able to catch a good neighborhood on the rise, just along the time when property space is cheap and right before the area experiences a boom in property prices. Other things to ask about are crime rates, accessibility, proximity to hospitals, schools, and other community fixtures.

Ask the Mayor–If you have contacts, it would be nice to know the local government’s plans for the area. If the government plans to develop the area, create higher class amenities and housing then there could be a sudden surge in the prices in the area. This is then a good time to catch the wave before prices skyrocket.

You could also research plans for companies and consortiums to develop malls, transportation, and other facilities. These could radically affect the prices in the area. If you are able to anticipate this ahead of time then you are in line to make good money from this business.

Crime – Crime and community is a major factor in the choice of a home. Make sure that the properties you put your sights on have low crime rates and have a strong sense of community. This means that the people in these areas should get along with each other. This is a very important aspect of the choice of home for most people.

To learn more or to work with me call: 505-404-1131.

P.S. Realeflow is the software that we use as our Real Estate Investing tool here at Mountain View Investors. Check out Realeflow for yourself, you’ll get a special offer if you go to:

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P.S.S. To learn more about my all-new, exclusive V.I.P. Apprenticeship program go to:

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About The Author

Robb Krautbauer

Owner and CEO of Mountatin View Investors, Inc. Robb has executed over 75 commercial real estate deals since 2011. In this time, he has raised over $3mm, with a transaction volume of over $40mm.

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