Yeah, but if you don’t know what you are buying, fixing it up for a little money, can turn into a lot. Look at those House Flipping shows, they get mad when you go overbudget, and those houses are usually 5 times the value of the houses of the same size around here.
Think $500,000 house, costs $80K to fix up, you’ll get it out in the re-sale.
around here the same house is $80,000, and then costs the same $80 to fix it up, you’re gonna have to sit on it for a good ten years to wait for the value to go up.
Home improvement costs are the same around the country, but the price of the houses are a different story.
Basically house flipping is a real winning game in WNY.
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