How to Renovate Your Way to Riches In 2008

The real estate market has taken a fall in many areas, that much is old news. Smart people are looking for an advantage and of course there is one if you are in a place to make a buy then trade real estate in a miserable market is not a bad play. The same fundamentals grasp true today as they did 10 years ago, in property you make money when you buy and right now it's a buyers market, prices will go up again at some point in the future. When do you diagram to sell? It's a good idea to map out an exit plan, it may be a rapid turn over or you may plan to hold the property over time, whatever the approach is you will need to work the plan, of course there are variables that may come into play but always work to a agenda. I've seen many people fall into the 5 year overhaul trap and never get anywhere. Clean and repeat.