Rehabbing and retailing properties are very profitable. A lot of satisfaction comes from rehabbing. Follow this list of tips for rehabbing and retailing to increase your success as an investor.

1. Buy in areas where qualified buyers want to live.
2. Never close your purchase without confirming your assumptions, that is, after repair value and repair estimates. Do your due diligence and get the property appraised as completed, buy title insurance, get a termite inspection, get repair estimates from qualified contractors, and get estimates to fix any other traps you can avoid. 
3. Always borrow more than you need to purchase and repair the property. The job will always cost more, take longer, and yield less profit than you expect. You need to have cash reserved. 
4. Keep a tight leash on contractors. They’ll play you like a yo-yo, which can and probably will be one of your biggest learning experiences in The School of Hard Knocks. But hey, don’t worry; I graduated from that same school top of my class, and I survived.
5. Don’t tie up your cash. Tying it up is a good way to become a motivated seller. The greater your need to sell, the longer it will take.
6. Do a nice renovation job. It’ll pay handsome dividends in saved holding costs and in satisfied customers who’ll send you more buyers.
7. Find a good loan processor or mortgage broker to get your buyers financed. It’s the difference between success and failure. This person has your paycheck in his or her control, so make sure the person you find knows his or her business and follows up.
8. Master the art of selling houses as fast as humanly possible. Slow selling is the biggest weakness for most yet one of the easiest to fix. If you sell properties the way most untrained investors do, it will be a while before you get paid.
9. Never do your own repairs. If you do, you’re working as a laborer, not an investor. You make money by locating and buying good deals, not swinging a paintbrush. If you adhere to tip 3, it won’t be a problem; you’ll have the money. Some people tell me fixing homes is like therapy. I say, if you lay hands on a house, you need therapy.
10. Get trained in the craft of turning real estate quickly before you have to pay an ugly price for your education. Education is a lot cheaper than ignorance. At RealSuccess, we can train you to become better at leveraging your investment deals quickly and accurately.