10 Reasons Why I Should Have Never Bought That Fixer-Upper!

Who doesn’t harbor fantasies of transforming a seen-better-days abode into a showplace? Whether hoping to live in the resulting residence, use it as a rental property, or flip it for profit, it’s natural to think: “I’m pretty handy, so how tough could it be?” Ask Andy Kogan, a real estate professional in Kansas City, Kansas, and he’ll tell you: Pretty tough! "It was fun at first, then fun with problems, and finally it was just problems,” says Kogan, who bought a 1957 two-bedroom ranch for $115,000 that he hoped to fix up and turn over quickly. While the kitchen and bathroom remodels were fairly simple, other issues kept cropping up. The job came in $15,000 over budget—and Kogan reaped a mere $500 when the house finally sold. What went wrong? Start clicking! Via builders feed http://www.rssmix.com/