Carleton Sheets - *Best-Selling Author
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Tag >> Rehab
Many investors turn to flipping properties for relatively quick profits during the real estate market's boom years. However, savvy investors realize that even as times change and markets fluctuate, there are always opportunities in every market to make money flipping properties. In the case of first-time homebuyers, purchasing a home can be a little overwhelming---especially since many of
Now celebrated in many countries throughout the world, Earth Day advocates awareness and appreciation of our natural environment. I remember how excited I was when this day was set aside in 1970 to remind us to "watch over" our precious natural resources, and to teach and promote natural, clean, and healthy ways to use these resources---without destroying the environment. And this Friday,
For several months I've been reading disturbing articles about the rise in rental vacancies---all across the county. Now the Wall Street Journal is voicing the same concerns. Rental vacancies---both commercial and residential---are up because of the economy. And although landlords have lowered rents (in some cases as much as 20%!) and offered other concessions, renters are continuing to renege
Posted by: Carleton Sheets in Rehab on
Dec 07, 2008.
Have you been putting off trying to sell a property until the market gets better? Or do you have rental properties that could use a little "tender, loving care"? Either way, right now is an excellent time to stand back and take a good look at how you can enhance your property's appeal to sell or rent out more quickly. Why is now such a good time? Simply because rehabbing costs have become more
Posted by: Carleton Sheets in Rehab, Real Estate Market, Real Estate Investor, Real Estate, Lender, Investing in real estate, Interest Rate, Hard money, Credit crunch, Credit on
Nov 09, 2008.
My Coaches and staff members are fielding calls about the squeeze of the credit market every day. Let's face the facts ... it is difficult for many people to get a loan right now. Only those investors who have stellar credit and a down payment are able to take advantage of this market to buy properties at rock-bottom prices---at low rates of interest.
However, if you are like many investors,
Posted by: Carleton Sheets in Rehab, Budget on
Oct 09, 2008.
Are you trying to sell a property, but it's stuck in a 1970s time-warp? For instance, perhaps the bathroom vanity is damaged and, although it would be a great excuse to update the whole bathroom, the cost would be prohibitive---plus a total rehab wouldn't fit in with the rest of the home. In this instance, you have to strike a good balance of blending the old with the new by installing a
Posted by: Carleton Sheets in Rehab, Foreclosure on
Aug 24, 2008.
There you are, just minding your own business while driving to work when you spot a house, and you just KNOW that there's something not quite right. Sure enough, you learn that the property is in pre-foreclosure. What tips you off?
One of the first signs that something is amiss is the sign of neglect. Perhaps the grass is too long, or the windows look dirty, or the yard is unkempt. Or, maybe
Posted by: Carleton Sheets in Rehab on
Aug 18, 2008.
Many homes that were built in the "tract housing" (also known as cookie-cutter housing) subdivisions of the 1960s, 1970s, and even 1980s are now starting to creep onto the radar of rehabbers.
Sometimes, the repairs to these properties are just cosmetic---and I encourage you to find deals like that.
However, sometimes these homes need much more attention. Although the room sizes may be
Posted by: Carleton Sheets in Rehab, Incentive, Builder on
Aug 10, 2008.
Builders are offering more incentives than ever to buyers purchasing new homes. I read earlier this week that Pulte Homes is offering a $7,500 rebate to new home buyers. And they are not the only ones. Other builders are offering plasma TV's, upgraded appliances, memberships to country clubs or golf courses, cash rebates, and, the biggest one I've heard of---a new car---are just some of the
One of my staff members recently rehabbed and flipped a property. And she must have done something right because, in this market where a glut of homes just sit and sit, she received three offers within five days.
Which offer was accepted? Well, she ended up selling to the only buyer who had a pre-approval letter. That buyer was serious---and prepared.
As a prospective buyer, it costs nothing
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