A Gamble or Profit Opportunity? Factors to Consider in a Fixer-Upper
Posted by Florida Realty Marketplace on
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There’s no getting around the fact that investing in a fixer-upper home is a gamble. They come with built-in problems that you, as a homeowner, have to correct. Sometimes, one problem just leads to another problem, then another. Even if you have a “project” home carefully inspected, you may still experience deep-seated issues that seem to come out of nowhere, leaving you in possession of what’s commonly called a money pit. On the other hand, you could reap tremendous financial benefits if you succeed in transforming a fixer-upper into an appealing property in a good location. You may even put yourself in a situation so profitable that it will transform your financial situation and set you on the road to a solid financial…
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