Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

76
Posts
40
Votes
Frankie Betancourt
  • detroit, macomb
40
Votes |
76
Posts

Buying house for cash then renovating yourself

Frankie Betancourt
  • detroit, macomb
Posted

Hi. ive just been wondering lately is it a good idea to buy houses for cash then do ALL the renovations yourself? im not just talking about put some paint and carpet i mean a FULL rehab and i only spend about 10k on rehab obviously its at a way cheaper price to buy  and ill end up getting a profit within 2-3 years currently i only have two properties one renting 800$ and other 875$ Fully owned and im under contract to buy another for cash as well. But the rehab process takes me about 2-3 years to finish because i work Full time and only have weekends off to rehab. is this a good idea or am i wasting my time or is there a better alternative? because i read alot of other forms and see people saying they are  only making 100$ a month on a property and go into good debt to buy more and that number seems so low and does not make sense to me and people say Time is the most importing thing so im just wondering am i wasting my time doing this or should i be going  about this a different way? thanks

Loading replies...