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Question: How do you find fixer-upper houses for sale in california are they advertised as short sale/foreclosed and how?

(Posted by: on 2011-07-01 07:37:45)

Can you make a profit if you wanted to resell it, like if you can find a fixer upper then you will have to pay staff for all the renovations which would cost lots, so how can you make a profit from a ran down property?thanks

Posted by: A Hunch on 2011-07-01, 08:45:06

A fixer upper is a fixer upper... It can be a traditional sale, a foreclosure, or a short sale. To find fixer uppers look at the houses that are are cheaper than all the others in the area. This will often be the fixer uppers. Can you make money on it? It depends - watch the tv shows where they flip houses. If it takes longer to renovate than you thought or you can't sell it... nope it's doubtful you will make much money since you would be paying mortgage payments.