Friday, August 8, 2008

FORECLOSURES ARE A GREAT SOURCE OF REVENUE

Hi folks, Tom Sachs back with you again, the opportunities that foreclosures present are awesome, I'm talking about rehabbing homes that need updating and structural work. This type of endeavor is not for everybody, you really should be proficient in the areas of carpentry, plumbing, electrical and landscaping, this will allow you to maximize the profit that you can realize. Another key to this type of project is if you plan to resell the property, price it so it will sell quickly, don't get greedy, this foreclosure market has a narrow window of opportunity, make your money through quantity instead of trying to enhance the value of one particular house, keep it generic and neutral as far as colors for paint and carpet are concerned. I have access to hundreds of foreclosed and pre-foreclosed properties, give me a call and see what Coldwell Banker and I can do for you.

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