Fixer Upper VS Money Pit (Know the Difference!)

https://www.youtube.com/watch?v=N1RogWVNV8g

Buying a fixer upper is one of the best ways to get into the housing market, but you need to be careful. Buying the wrong house can destroy your budget and send your entire plan into a nosedive! Today I’m discussing the difference between a fixer upper and a money pit.

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5 Comments

  1. Join us for our next LIVE show on Tuesday at 5pm EST. We’re going to do a LIVE call in show to help you out with your renovations. Tune in to get my phone number. Cheers

  2. Worse than buying a money pit is letting a nice home turn into a money pit!!!

    I see way too many homes being left to turn to shit.

  3. Jeff: “you’re not gonna lift the house back up”
    Me: jacking a house up and adding “shims” underneath… if you are patient enough you can jack up sagging joists, you’ll have to add support though, sometimes is worth it… car jacks are definitely a tool I use in construction, you’ll be amazed how “light” a house is

  4. Even with an inspector it’s possible to get burned – Bought what appeared to be a well kept house from the 60s – for good money (great location, all hidden damage.) it had bugs, rot, mold. After ripping out walls redoing it all (mostly myself) it’s finally becoming a place I’m happy to call home.

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