If anyone says that rehabbing real estate is a business for boring people, ignore them. Just go on with your life as if these skeptics never existed. Don’t even try to convince them that they are wrong. Because once they see the benefits of this real estate business, and you can bet your card on it, you will have new competitors in them. Because truth be told, apart from being rewarding, doing rehab projects is one of the best businesses to be in as far as fun is concerned.
Buying pennies on the dollar is fun. Who doesn’t enjoy discounts? It would be fund if you were able to buy a dozen burritos for the price of one hotdog sandwich. It would be fun to buy a Mustang for the price of a regular Toyota sedan. People enjoy buying anything at bargain prices, houses included. In this business, you will be in a similar situation – a lot of times. When fixing and flipping houses, you will usually purchase investment properties from wholesaler or motivated sellers. Whichever is your seller, it happens almost always that you get the property for pennies on the dollar.
Turning something around is fun. Have you ever drawn a mustache on someone’s photo because it looked boring? Customizing something to make it look better is always fun. When rehabbing real estate, you will experience the joy of turning old houses into new homes. You will see those dilapidated kitchens turn into a mother’s dream workplace. You can make rundown properties look good again.
Seeing your masterpiece sold is fun. Regardless of whether you have any artistic inclination, seeing other people like your work – and pay just to get it – is truly rewarding. When people view the homes you rehabbed, you’ll feel that they like it because it looks good now. They won’t buy it if they saw its condition before you made repairs. But because you did a good job renovating it, they are pulling that “for sale” sign on the yard right now.
Cashing fat checks is fun. Some people say going to banks is simply boring. But if you’re cashing your own check of $50,000, would you still think feel that talking to the teller is uninteresting? When rehabbing real estate, you can earn five-figure checks from a single deal. And best of all about fixing and flipping houses is you can repeat the process over and over again. Who would get tired cashing five-figure checks again and again? A god bet is that skeptics didn’t tell you that. In fact they probably didn’t know it.
Those who rehab are visionaries... and that is far from boring.... Great write!
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