OK, maybe a couple veterans could help me out...im a first time investors and am wondering about where to go with my first investment..now im from the detroit area which was hit hard and doesnt have the greatest economy so my question would be,in a perfect world lets say that we have 2 identical homes one going for around 5-10k but needs 5 to 10k of work and one going for around 20 to 25 k but only needs a little bit of work...would it be worth it to save a few thousand dollars and but the fixer upper..now i do consider myself pretty handy and have tackled home improvement jobs before and have a pretty good network of experts in the home improvement field...i do plan on making a career out of this and figure we are gonna need the tools anyway as well as the experience....but i believe the first move is the most important which is why i leave it up too some seasoned veterans for help..thank you for your inputsincerely, ME

Create an identity, a brand if you will - that makes you synonymous with whatever it is you're trying to do.Think about Clorox...they have done so much marketing over the years that people don't think "bleach" when it comes to whitening their clothes, they think "Clorox."

You agree with the management to pay monthly towards your property taxes only to find out your years in arrears and no payments have been made.When you do manage to switch to a new PM company, the old PM cannot produce leases current, PM has misplaced keys, tenants deposit has miraculously disappeared, house was left "unsecured" and thieves have removed all copper plumbing from the house and/or there's a squatter who's taken up residence.Only a licensed real estate person can legally manage other people's property.

I have found that their ARVs are unrealistically high, but their repair estimates seem reasonable.Their business model is identical to another Texas based company, so one of the companies is just copying the other...

I am breaking into a hot and competitive market, and may have the opportunity to purchase two identical four-plexes on one lot.

Here's the thing: gutting and replacing a kitchen is going to cost you way less compared to buying a home with a pre-gutted kitchen (squatters, thieves, etc) and putting a new one in.

One of the most distinct ways I've found them to be different is that there are rarely two identical houses.

When I bought an almost identical house in Houston my property taxes were closer to $3000.

Your company name will be your identity, do you want to share it with other companies?

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