Fixer uppers Questions Archives

i have a house in SERIOUS disrepair. It needs a lot of work. I have enough money to fix it, but don’t know which repairs will give the most return. How can I determine which repairs I should do (or have done) and which to just forget about?

I’m looking for a fixer upper property in the Cleveland or Columbus Ohio area. If something’s not up to the local building code (wiring or plumbing, for example), does anyone know how much time would I have to bring the faults up to code? I don’t have much money, and I’m trying to budget for major repairs if something went bad right away. Thanks for any help!

I am looking into buying a house and some property in an area that has rather cheap homes. Nonetheless, I don’t have much money, so I’m looking into getting a cheap house there.

I’m not interested in "fixing and flipping." I want to live and fix and live and maybe eventually sell. I’ve tried to find books on this subject, but all the books I found talk more about reselling. Any book suggestions?

What I’d really like to know is what to look out for before buying a house. I want an ugly house that I can do basic work on (painting, recarpetting, etc.) over the weekends and such to make it more livable and pretty.

I don’t want a house that will be condemned in a year or one that will cost thousands to fix major damages. I’ve heard that you don’t want a house with a bad foundation, but what do I look for? Do I need to hire someone to inspect it before buying? What other major things should I look for and avoid in buying a fixer-upper? Pipes? Termites? Walls?

I currently have a home with a lot of equity. I want to buy another home to fix up and sell for a profit. I’m unemployed and have the time, skills and tools to do this, just need a loan. I have enough money for the down payment. Being unemployed however poses a problem, where can I go to find a lender willing to do some short term creative financing?
My credit score is over 800.

I am in the market for a house. Something not too expensive and preferably rent to own.

I recently came across a house that really is a true 100% fixer upper.
Needs new windows, carpet, plumbing work, paint job, and possibly roofing.

Now my question, is buying a home such as this one (with the potential to be something amazing) really worth the extra out of pocket expense just to make the house livable and then the extra money to make it pretty?

I bought a house in DC for 350k and have completely renovated it (my wife is an architect and we did all the work). The house is now valued at 0k. My question is: Can we refinance the house at 0k, take out the extra cash and use it to refinance the house again? Or take the money to invest it in other properties? By doing this do we really have an extra 0k?

I have moved to an area with expensive real estate, but I still want to buy a little house (run down) that I can fix up and live in. I have K for a down payment, but lousy credit. Has anyone ever done a deal like this, maybe with owner financing or with some sort of agreement to share proceeds upon resale?

much of the work is cosmetic

I am not a handy man? If I buy a “handy man’s” special and have someone else fix it up for me will I still make some money or can I end up actually loosing money?