It is important when renovating a house to bear in mind that there is a big difference between a loose plan and a final certainty. You may have ideas about what the house is going to look like and how much money it is going to make you, but those ideas can only become reality…
More infoWhen you buy a house for the purposes of renovating it, there may well be a simple equation in your head. Money spent on buying house + money spent renovating = total spend. Resale price – total spend = profit. Simple! Isn’t it? Well, maybe not. You see, on top of this you do need…
More infoFinding a house at a decent price can be troublesome for the first-time real estate developer. Without a doubt, there are bargains out there, but it depends how far “out there” you are prepared to look. Real estate vendors will usually put the houses where they stand to make a decent profit front and center,…
More infoWhen you are making your first steps towards becoming a real estate developer, it is often helpful to start out with a deal that is financially supportable. Frequently, you will see a house appear on the market that looks like it will need a lot of work – it may have been lying vacant for…
More infoOne of the classic rules of business is that you cannot let your emotions cloud your judgement. If you do, you end up making decisions based on a biased view and not on the facts of the situation and the potential upside of any deal. The danger of this is that you can take a…
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The real estate sector can be a very lucrative place to do your work, and at the same time carries major risks. This risk / reward balance is one reason why it is one of the major places for speculators to make their money. If you get it wrong, you can end up losing nearly…
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