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I want to buy homes, make them pretty on the inside and outside, and sell them. What do I need to go

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Submitted : 2018-06-15 04:22:59    Popularity:     

Tags: pretty  homes  buy  order  school  

no not at all If you want to actually make a profit, you need to learn how to do most of the basic construction work yourself. On the market,

Answers:

no

not at all

If you want to actually make a profit, you need to learn how to do most of the basic construction work yourself. On the market, house repairs/upgrades only return about 75% of the cost of doing them (assuming you use a contractor). However, you can overcome this by being able to do the work yourself and avoid paying a contractor with his overhead and built-in profit. You'll have to learn how to estimate the cost of repairs in order to price your offer correctly. And, if you want to make them "pretty" you may have to learn some basic interior design.

Handling toxic materials, as you never know how often you might have to deal with lead paint, and asbestos. Woodworking classes. Plumbing classes. electrical wiring you have to know some about. landscaping and drain geometry, for getting it all to drain right.

You don’t need school.

You need capital, real estate knowledge, and professionals who can get all the proper permits and complete work correctly.

You don't necessarily need to go to school for that.

You need to learn how buying & selling real estate works - you could take classes toward becoming a real estate agent, or just study the process through online resources.

You need to learn how mortgage financing works, specifically rehabilitation loans or construction loans. Again you could take college classes that teach this, or just start researching online.

You will need to know basic construction skills and basic contract skills for hiring contractors and sub-contractors. Again, you can learn this by researching online and looking for opportunities to do some hands-on skills.



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