BostonREB Ford Realty

Boston Real Estate Blog
Ford Realty

617-720-5454
  • Home
  • High Rise Condos
  • Apartments
  • Search Boston Condos
  • About
  • The Boston Condo Market Report
  • April 26, 2018
  • Back Bay
    • Back Bay condos for rent
      • Back Bay condo rentals $1,500 – $2,000
      • Back Bay condo rental $2,000
      • Back Bay condo rental $2,500
      • Back Bay condo rentals $3,000
      • Back Bay condo rentals $3,500
      • Back Bay condo rentals $4,000 per month
      • Back Bay rentals over $5,000 per month
    • Back Bay condos for sale $300,000
    • Back Bay condos for sale $350,000 – $400,000
    • Back Bay condos for sale $375,000
    • Back Bay condos for sale $400,000
      • Back Bay condos for sale $450,000
      • Back Bay condos $475,000
    • Back Bay condos for sale $500,000
      • Back Bay condos $550,000
      • Back Bay condos for sale $575,000
    • Back Bay condos for sale $600,000
      • Back Bay condos for sale $650,000
      • Back Bay condos for sale $675,000
    • Back Bay condos for sale $700,000
      • Back Bay condos for sale $750,000
      • Back Bay condos for sale $775,000
    • Back Bay condos for sale $800,000
      • Back Bay condos for sale $850,000
      • Back Bay condos for sale $875,000 – $900,000
    • Back Bay condos for sale $900,000
    • Back Bay condos for sale $1,000,000
    • Back Bay condos for sale $1,500,000
    • Back Bay condos for sale $2,000,000
    • Back Bay condos for sale $3,000,000
    • Back Bay condos for sale $4,000,000
    • Back Bay condos for sale $5,000,000 and above
    • Back Bay condos for sale $10,000,000 above
  • Beacon Hill
    • Beacon Hill real estate history
    • Beacon Hill condos for sale
      • Beacon Hill condos under $500,000
      • Beacon Hill condos for sale $600,000
      • Beacon Hill condos $700,000 – $800,000
      • Beacon Hill condos $900,000 – $1,000,000
      • Beacon Hill condos for sale $1M – $2M
      • Beacon Hill condos for sale $3M – $4M
      • Beacon Hill condos for sale $5,000,000 and above
      • Beacon Hill condos for rent
      • Beacon Hill apartments for rent $1,500 – $2,000
      • Beacon Hill apartments for rent $2,000 – $2,500
  • Charlestown
    • Charlestown condos for sale
      • Charlestown condos under $400,000
      • Charlestown condos $500,000
      • Charlestown condos $600,000
      • Charlestown condos $700,000
      • Charlestown condos $800,000
      • Charlestown condos $900,000
      • Charlestown condos $1,000,000 and above
    • Charlestown condos for rent
  • Fenway
    • Boston Condos for sale in Fenway
      • Fenway condos for sale under $500,000
    • Boston Fenway condos for rent
  • Financial District
    • Boston condos for sale in the Financial District
    • Boston Financial District Rentals
  • Leather
    • Boston condos for sale Leather District
    • Boston apartments Leather District
      • Boston condos for sale $500,000
  • Midtown
    • Boston Midtown condos for sale
    • Boston Midtown condos for rent
  • Seaport District
    • Boston Seaport District condos for sale
    • Boston Seaport District condos for rent
  • South Boston
    • South Boston condos for sale
    • South Boston condos for rent
  • South End
    • South End condos for sale
    • Boston South End condos for rent
  • Waterfront
    • Boston Waterfront condos for sale
      • Boston Waterfront condos under $500k
    • Boston Waterfront condos for rent
BostonREB Ford Realty > General real estate stories > Move every two years and get rich (I’ll get rich, too)

Move every two years and get rich (I’ll get rich, too)

by

One way to make money in real estate?

Move every two years.

Basically, buy a home that needs some cosmetic improvements, buy at a discount, fix it up, and sell.

Certainly, it can be more risky than other investments, but I can understand the logic.

If you’re a serial homeseller, contact me. Your commissions will put my kids through college.

Some tips:

1. Don’t buy a house in excellent condition (it lacks fix-up profit potential). Instead, buy the worst house in a good neighborhood.

2. Avoid most condominiums and townhouses. The reason is no matter how nice you fix up your unit, its maximum resale market value will be held down by the recent sales prices of other units in the same complex.

3. Stay away from “extreme makeover” houses, which need to be torn down (called a “scraper”) or renovated by moving walls and rebuilding the interior. Profiting from such houses is extremely difficult.

4. No matter how much potential a fixer-upper house has, stay away if it is in a bad location, high-crime area, or the public-school quality is poor. These three criteria will hold down resale value no matter how well the house is upgraded.

Complete article: Buy worst house in good neighborhood for big profits – By Robert J Bruss, Inman News, by way of The Boston Globe

Comments

comments

Filed Under: General real estate stories



Ford Realty Inc.

137 Charles St,
Boston, MA 02114
617-720-5454
realtyford@yahoo.com

Recent Posts

  • Massachusetts ranks ‘Best State for Millennials’
  • Massachusetts top 5 in the country: Good news for the Boston condo market
  • Buying a Boston condos is cheaper than renting one
  • Boston condos: 2018 Earth Day
  • Boston condos for sale: Low inventory for $500k and under
  • Myths about buying a Boston condo
  • Multi-generational housing
  • First-time home buyer profile
  • Becoming a Boston landlord for the first time
  • A story about a Boston real estate agent
  • Interesting real estate stuff
  • Informative video for Boston condo buyers
  • When buying or selling a Boston condo: Think rationally
  • Rising Boston condo prices helps build wealth
  • When buying a Boston condo view the condo fees
  • Boston condo buyers: Getting pre-approved
  • Boston condos and Zillow estimates
  • Zillow announces it will sell homes directly to buyers
  • What it costs to sell a Boston condo
  • Boston condos for sale: The art of the deal
  • Becoming a Boston condo investor
  • Boston condos for sale harder to find
  • Boston condo buyers: Difference between price and cost
  • Boston condo buyers: Do you know what PMI is?
  • Living in your Boston condo alone? Meet Fribo

Copyright © 2018 All Rights Reserved Boston ReB Ford Realty

BostonReB