When it comes to investing in houses, starting with a fixer-upper can be a wise decision. While these homes may not look great at first glance, they are often much cheaper to purchase than move-in ready homes. Of course, they will require some work to improve, but this can also mean the potential for a higher return on investment.
To begin, look for houses that need some work, such as a clean-up, fresh paint, or new carpeting. However, be careful not to choose a property that is too run-down, as the cost of repairs could quickly add up. By finding the right balance between a good purchase price and manageable renovation costs, you can start your journey in real estate investing with a strong foundation.