REHAB

Why not rehab a home for a nice profit? For one reason or another there's always one or two distressed realty situations in nice areas. Whether it's due to divorce, or loss of a job, or an aging absentee owner, etc., these buying opportunities come up occasionally. And the handy-man/investor can address the cosmetic/deferred maintenance issues with a relatively small additional investment.

Two key points need to be observed: 1) Picking a nice neighborhood in which homes sell quickly, and 2) turning the property as soon as possible. A $5,000 profit after a week's worth of hard work isn't a bad deal.