Saturday, October 5, 2013

Tip of the Day

House hunting? Buy a fixer-upper or foreclosure. Im not suggesting you have to buy a total wreck of a house that needs major repairs. But buying a house that needs paint, carpet and minor repairs can save you a bundle.

Here is a personal example: we bought a foreclosure that was $75,000 below market value. It was pretty beat-up. We put about $25,000 into and a whole lotta sweat. And we ended up with a nice large house that holds all our kids.

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