It looks like our usage analysis algoriths think that you might be a robot. in an automated fashion is a violation of the Redfin's terms of use. Please complete the captcha below to access Redfin.Purchasing houses, making improvements and reselling them for a profit has long been a proven way to achieve financial success. Whether you call them "fixer uppers" or "handyman specials," renovating distressed properties represents the greatest risk and reward for real estate investors. In fact, there are not too many other businesses other than real estate that can generate a similar return on investment in such a short timeframe. If you're just starting out, it's best to go after houses that are located in nice neighborhoods and only need minimal amounts of work. That's because just some minor touch-ups and cosmetic work such as painting and new carpets can go a long way when it comes to turning a nice profit on a home. In short, look to purchase the ugliest house on the prettiest block.

Don't be scared off by houses that look and smell terrible. These are often easy — and cheap — fixes. As you become more familiar with the process, you may start to consider bigger rehab projects. business for sale meadville paThese are enticing because the payoffs can be huge. handyman miami beach flHowever, it's important to use extreme caution when considering homes that need major repairs.business for sale in doncaster melbourne Experienced house flippers often have the knowledge, contacts and financial resources to fix big problems such as structural damage quickly and cost effectively. handyman services canberra

In the beginning, your best move is to have professional inspectors and contractors provide estimates. This may eat in to your budget, but it will be well worth the expense in the long term, especially when it comes to peace-of-mind.handyman in kansas city missouri , you will find thousands of investment properties from which to choose. business for sale hanford caFinding the homes that are right for you depends on your individual skill set, level of experience and motivation. Regardless, you need to be patient and take your time. And when you do find the perfect fixer uppers, keep these tips in mind to increase your chances of success. Grab 'Em While You Can The next stage of the national housing crisis is well underway, especially in communities that have been in the center of the implosion of the subprime housing market.

From California to New York, there are houses for sale for pennies on the dollar, and in a scattering of hard-hit neighborhoods some houses are going for a few thousand dollars each. These houses present intriguing opportunities to buyers willing to put some care into their rehabilitation. In many cases, they sell quickly. Here's a sample of what we found still on the market or recently sold. Cleveland Multifamily for $5,000 An excellent example of the Craftsman style, this 1910 multifamily dwelling features second-story bay windows and deep eaves on its porch roof. Two of its three units have three bedrooms each. Find foreclosures in Cleveland Detroit Bungalow for $750 The details are scarce but at $750, this 1925 three-bedroom Craftsman with garage may deserve a closer look. The property, located in an inner Detroit neighborhood, needs some unspecified work. According to real estate website, Neighborhood Scout, the median home price in the vicinity is about $45,000, but this house is not likely to be the only one around offered at greatly reduced prices due to foreclosure.

Find foreclosures in Detroit Craftsman at 19th-Century Prices A Craftsman home like this one cost around $6,000 at the turn of the century; this one is even cheaper in 2009. Listed at $4,900, this four-bedroom house has the low-pitched hipped roof, attic dormer, and square porch columns of the style. The 1908 structure, however, is showing its wear. It's situated in a Detroit neighborhood of renters dubbed funky/artsy by some, where median property values come in at $25,000.Email the agent Pittsburgh Home for $5,900 This two-family Colonial Revival has been on the market since October. A likely candidate for a gut renovation, the house has suffered the robbery of all of its copper. But, with a pedimented dormer, a large porch, and transom lights over the front door, it's got great potential for curb appeal. Find foreclosures in Pittsburgh Indianapolis Bungalow Sold for a Few Thousand Sitting on a small yard fronted by hardwood trees, this 1895 two-bedroom Queen Anne needs a top-to-bottom rehab.

Still, listed at $3,000, some might say it was a deal for the buyer who snagged it. According to its listing agent at F.C. Tucker, the lot alone is worth that much. Its hipped-roof porch, tall one-over-one windows, and deep eaves hint at the quaint charm it exuded in better times. Find foreclosures in Indianapolis Pennsylvania Colonial Revival in Contract Currently under contract in the Brushton area of Pittsburgh, Pennsylvania, this 1930 brick Colonial Revival that was listed for $5,899. It features two fireplaces. Agent Steve Chupinka of KS Real Estate says the three-bedroom house with den is in relatively good condition, but it will need a new kitchen and bath and some plasterwork. Snatched up within two months of being listed, this house might be part of a local revival. Chupinka says there are a number of new owners rehabilitating houses the area. Detroit Colonial Revival at $2,900 This 1925 three-bedroom Colonial Revival is listed for $2,900 with the promise that it has been priced low for a quick sale and holds potential for the right buyer.

The boarded-up front door highlights the TLC this property will likely need, but the entry's fanlight hints at its potential. It's situated in an ethnically-mixed Detroit neighborhood of row houses, older homes, and even some historic properties. Property values began falling in this area about two years ago. Two-Family Cleveland Home: Sold for $1,200 This East Cleveland duplex sold to an investor. Real estate agent Tonya Perkins-Stoudermire says the new owner will need to make repairs in the kitchens and bathrooms, and plumbing and electrical upgrades are likely. The house belongs to a neighborhood filled with vacant residences, but much of the stock is "beautiful," notes Perkins-Stoudermire. She says investors have been snapping up these homes and turning them into income-generating rentals, and she says they are saving neighborhoods in the process. Indianapolis Historic Property for $5,000 Built in 1900, this three-bedroom, cross-gabled Queen Anne features a full-length porch with piers supporting classical columns.

The interior still has some of the original woodwork. Broker Regina Nottingham-Briles of Nottingham Realty LLC says she believes the property is structurally sound, but it will need a total overhaul. It's been on the market for six months in a distressed neighborhood. Yours for $ 4,500 Younger than some of its neighbors, this three-bedroom suburban look-alike was built in 1941. The address puts it in the middle of the foreclosure meltdown in Detroit, where dozens of listings on any given day show houses going for prices from another era. Though its facade, with gable front and bay window, appears to be in pretty good shape, this one-bath Tudor "needs work," according to the listing agent. Cleveland Duplex for $4,000 A full-height porch graces this multifamily 1914 Neoclassical house, not to mention a monumental shade tree in the front yard. A look at recent sales in the area on Zillow shows a number of houses going for low prices. The price of this house has been steadily falling;

it sold for $41,000 in 2004 and for $12,000 in 2008. Brick Colonial for $4,500 Three bedrooms and a garage come with this 1923 brick Craftsman in an urban Detroit neighborhood. For the right investor, the broker suggests this house could be a steal at this low price. Like most of the houses in this gallery, the listing agent says it needs work. On an encouraging note, it last sold in 2007 for more than $60,000, according to the real estate website Zillow.Email the agent Muncie Bungalow Listed at $5,500 is Sold Recently sold, this 1923 two-bedroom Craftsman offers classic porch walls, a bay window, and original built-ins. There's a backyard to match its wide front yard, too. Broker Paul Starr says the house has architectural character, but both the interior and yard have been neglected, and the house has suffered vandalism. Its new owner will probably want to gut it. Starr says though this house is off the market, he has others like it to show prospective buyers. Find foreclosures in Muncie