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DaMayor said:Its really not that difficult. The idea is to buy houses that are either somewhat distressed cosmetically, or those that are being sold by an owner who is in a rush (i.e. military transfer), financially (i.e. foreclosure/tax leins, etc.) In most cases, or at least from what I've seen, the idea is to make sure the home is structuraly sound, ad some inexpensive interior embellishments such as paint or carpet, jack the price up an sell the joker.
As cheesy as it might seem, the Carlton Sheets course isn't a bad program to follow.
joesmooth20 said:Anyone do this for a living or on the side? I've been watch a lot of it on A&E, I seems like good living after you get established. I know there is a lot more to it than it looks like.
just kinda wondering if anyone has some personal experience with doing this?
maniclion said:One of our clients does this, he adds solar water heating and sometimes electricity to them to make it even more attractive
Thats what your electric or gas backup system is for. But the other days you get hot water from the sun for free and in Hawaii the sun shines alot.goandykid said:Solar water heating sounds awful. How could it store enough energy for hot water for say 3 days? My point being say you get a few days of rian... after a couple days wouldn't you be completely out of hot water, maybe even sooner?
maniclion said:Thats what your electric or gas backup system is for. But the other days you get hot water from the sun for free and in Hawaii the sun shines alot.
maniclion said:One of our clients does this, he adds solar water heating and sometimes electricity to them to make it even more attractive
Mudge said:I thought about getting into tax deeds, probably not this year though.