Fix up beat up houses & rent or sell them!

I watch a lot of HGTV, the Home & Garden channel and there are a lot of folks who purchase beat up homes for very little, invest a few thousand to fix the place up, then sell it to make $20,000 and up. One guy on the show bought a trashed place in Las Vegas for around $90,000 and invested around $20,000 on hiring a construction crew, landscaper, etc. He ended up making $20,000 when he sold the property for $130K.

However, note that I did see a couple episodes where the person spent too much money on the house and it ended up selling for the same as what he bought it for. Or he couldn't sell the property before the mortgage payments started kicking in.

You can probably learn more about doing this by reading some books on it or attending some seminars (I'd recommend the free Marshall Reddick seminars):

Links:
>> Check out the Marshall Reddick Network
>> Buy Investing in Fixer Uppers by Jay Decima, click here