Know When "Ugly" Means "Profit"
When you first start out in your real estate "house flipping
fixers", you'll want to look for houses needing only
cosmetic work. Look for houses that just need cleaning up,
painting, and new flooring. Use your imagination when viewing
these homes. Try to visualize the finished house as you
look at structural features and the surrounding homes.
You should buy the ugliest house in the best neighborhood.
Don't be afraid of ugly houses that show horribly; look for
fixers with peeling paint, holes in the wall, stained
carpeting, and trash in the yard. Remember, these houses
won't look good to most buyers, but you as a new investor
will see them as gold mines.
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