You may have seen signs, billboards, and banners with the advertisement "We Buy Ugly Houses." For somebody who doesn't know anything about real estate investing, this might seem like a strange statement. Who would want to buy an ugly houses? Who exactly is the "we" mentioned on the billboards and ads?
The Story of the Really Nasty, Totally Smelly, Make-You-Gag House
I recently paid cash for a house that I'll be rehabbing (that's investor-speak for fixing up) and selling. It's in in very desireable Appleton neighborhood, near great schools, with great walkability, and will certainly yield a profit because I got a very good deal on it.
You might ask how I beat out all the other investors competing for good deals in the area. Did I have an in with the owner? No.