How To Buy A Fixer Upper House (THE RIGHT WAY)!

Here's EXACTLY How To Buy A Fixer Upper House (THE RIGHT WAY)!

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In this video, Alex Martinez and Stan Gendlin of RealEstateSkills.com walk you through how to buy a fixer upper house and how you can start your renovations right away!

You’ll learn:

- What to do on the final day of closing

- What to do after you close on your house flipping deal

- How to make sure you can start renovations day one

What is a fixer-upper?

A fixer-upper is a real estate property, often a single-family home or smaller multifamily unit, that requires substantial renovation, repairs, or remodeling before it can be considered habitable or market-ready. 

These properties often show signs of abandonment, ranging from outdated interiors and structural problems to cosmetic imperfections. Fixer-uppers can encompass various degrees of neglect, from minor cosmetic touch-ups to major overhauls, presenting a spectrum of opportunities for real estate investors.

10 Best Options for Buying a Fixer Upper

Buying a fixer-upper without draining your own bank account requires a strategic approach to financing. Fortunately, various creative options are available for real estate investors eager to explore their first fixer-upper acquisition. In this section, we'll dive into the ten most common sources of financing that savvy investors use to secure real estate deals without relying on their own money:

1. Federal Housing Administration (FHA) 203(k) Loan

2. Home Equity Line Of Credit (HELOC)

3. Cash-Out Refinance

4. VA Renovation Loan

5. USDA Renovation Loan

6. Fannie Mae Homestyle Renovation Loan

7. Grant & Loan Programs

8. Equity Partnerships

9. Crowdfunding

10. Personal Loans

📚Get The FREE Downloadable Resources To Kickstart Your First Fix & Flip Deal:

✅ Download our "Comp Criteria Cheatsheet”

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✅ Download our FREE "Deal Calculator”

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🏠 Looking for more training on how to flip homes without money? Check out our blog:

https://www.realestateskills.com/blog/buy-fixer-upper-no-money

https://www.realestateskills.com/blog/how-to-flip-houses

https://www.realestateskills.com/blog/how-to-flip-houses-with-no-money

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