Posts Tagged ‘learn to do everything yourself’

Learn to Repair Your Fixer Upper Houses

Tuesday, June 19th, 2012

Learn to Make Repairs

Never miss an opportunity to do your own repair work. To become an expert in the fix em up rent em out business, you must learn this. Think of it as part of your educational process. You lose two ways when you hire someone to do your work. First, you lose the chance of a free education, and second you lose the money that you would have saved by doing it yourself.

It may take you four hours to change an electrical receptacle or fix a toilet that won’t flush, something a professional could do in minutes. Don’t be concerned, in the long run you have learned a skill to be used for the rest of your life.

Trust Your Karma

After going through my explanation about how everyone can learn to repair a house, a friend of mine insisted that it was impossible for him to do fix-up work; it just wasn’t in his genes. I replied that his way of thinking was his dogma. My karma told me that he could do it. In time, little by little, he did learn to make repairs and he came to enjoy it, even relish it.
My karma ran over his dogma.

Work with a Handyman

Having said the above, I also think that you should have a good handyman to back you up. Although there are many things that you can learn to do, you also have to know your limitations. There will be times when you can’t make a complicated repair. Someone with experience must be called in. For many things you can be the expert, but for some things you can’t. Ideally you should establish a good working relationship with a true handyman that you trust and is available to help you out as needed, particularly in the first few years of your business. To keep costs reasonable, always pay contractors or handymen by the job and not by the hour.

Your attitude should be that you want to learn how to do everything yourself. You don’t learn to ride a bike by watching someone else do it. The only way to learn is by doing it yourself, and the more you do it, the better you will be at it like my first grout repair project, and when learning to lay tile. Practice doing all the steps in the process until it becomes second nature for you.

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Start Your Fixer Upper Rental Home Real Estate Business in your Spare Time

Tuesday, June 26th, 2007

Opportunity is missed by most people because it is dressed in overalls and looks like work.
-Thomas Edison

This blog is aimed at the person who has a strong desire to invest in real estate but wants to keep their regular 9 to 5 job. This person, like me, may not start off with a lot of disposable income. My wife and I have to pinch pennies and think long and hard about it before taking the plunge to buy a property. People who posses the extra money can afford to hire professionals to take much of the burden of their shoulders. They can hire attorneys, real estate agents, landscapers, plumbers and electricians.

But for me, the key is to not rely on on the so-called real estate professionals to help you along the way. What I propose is that you learn to do all these things yourself, just as you would learn all aspects of any hobby that you pursue. It is more difficult to do it all yourself, but it is more financially rewarding, more deeply satisfying, and you will learn a wide assortment of skills that will serve you well throughout life.

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