10 things investors should look for in fixer-uppers

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"How can I make some big money in real estate?" That was the question an old friend asked me recently. He purchased two rental houses a few years ago and has enjoyed watching them appreciate in market value. But in today's current "buyer's market," he said, his houses have stopped going up in value and are "stagnating," as he put it. Then I politely suggested that if he wants to acquire profitable houses in today's market the best opportunities are in "fixer-upper houses," which few other home buyers want to purchase. Purchase Bob Bruss reports online. TEN ATTRIBUTES OF PROFITABLE FIX-UP HOUSES. Like my friend, if you are serious about earning profits from fixer-upper houses, here are the 10 key attributes to seek: 1. Basically sound condition without major structural defects. In most communities, this means looking for three- or four-bedroom houses with good foundations and without a major need for renovation other than cosmetic fix-up. Avoid two-bedroom houses unless your town has a ...