2/1-How to buy a diamond in the rough
You\u2019ve probably heard to real estate term that a house is a \u201cdiamond in the rough\u201d. This means the house has a good infrastructure but needs a lot of cosmetic repairs. Many astute real estate investors make this their strategy\u2026.buy low, put some money into repairs and sell it for a big profit. But what are the risks and rewards of adapting this strategy? Can the repairs be financed?