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Chapter 11: single-family fixer-uppers.(real estate investments)
- Article from:
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Making Money in Real Estate
- Article date:
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January 1, 2000
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Copyright informationCOPYRIGHT 2000 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Own your own cave and be secure."--FRED FLINTSTONE
SINGLE-FAMILY HOUSES ARE AMONG THE MOST POPULAR and the least popular investment vehicles available today. "How can that be?" you ask. "It's either one or the other."
Not at all. Their appeal depends very much on the investment goals of the buyer. Single-family houses are the most popular among two groups of buyers: short-term investors who want to take their profit quickly and move on and first-time investors who want to use sweat equity as a means of getting started on their real estate investment plan. Single-family houses are rarely chosen by investors whose main objective is long-term positive cash flow from ...