Jchamberlin, Other/Just Looking in Indianapolis, IN

how can i get started cleaning and or remodling forclosed homes?

Asked by Jchamberlin, Indianapolis, IN Mon Mar 15, 2010

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If you are looking at this as an investment opportunity so you can ultimately flip the home, connect yourself with a good Realtor after you have gone to the bank to see what kind of money would be available to you.
Once you know what you have to work with START SMALL. Find the agent that is willing to show you homes that you have a good chance of turning over, not just homes that are vacant. There are fabulous deals on bank owned and HUDs, you have to be patient to find them and act quickly when you do (otherwise you will lose out to other bidders/investors).
Once your get your property I cannot stress enough the need to keep it small and stay focused. I have run into many an investor that got carried away with upgrades to the point where they need to recoup so much money the home ends up priced way above a sellable range.
Hope that helps.
Good luck!
Claire-Anne Aikman
Carpenter Realtors
317.345.6640
0 votes Thank Flag Link Wed Feb 8, 2012
Are you looking to buy one or just work for someone who owns them?
0 votes Thank Flag Link Mon Mar 15, 2010
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