What will it take to get the economy rolling again? As far as the real estate end of it, I think the re-habbers are helping.
I am working with three right now. We are searching properties that can be bought and rehabbed for approximatley $70,000. With the right touches they can increase the a value to about $130,000. My guys are then selling them at about $120 to 130,000. The goal is to profit by $30,000 or more per house. You may ask, "How will this help?" It does in at least Three ways.
1. They employ several construction workers in each project. That helps unemployment.
2. They are putting homes back on the tax rolls. Helping the government.
3. And most importantly they are providing affordable housing and great investments for those people who are in need of a home.
It isn't brain surgery. All business needs to do is to find a need, find an affordable solution, and have the courage to do something.
I am no Einstein so tell me, do you agree?
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