I have used a 2500 psi powerwash with mediocre results. I have seen rehabbed brick houses that have been cleaned where the brick was restored to look-like-new condition. Suggestions?
Just wait another hundred years until all the paint has flaked off ) It is a very tuff and costly job. I have never done it but know of investor who have done it. They sand blasted the brick, which will take some of the mortar out, then went back and filled in the mortar again and touched up the bricks.
"Is it the right time to buy fixer-uppers or should I wait until the market bottoms-out?"
As with all things, do diligence is required to check your local market to determine which way things are headed.
"I live in NY is it wise to buy out of state?"
Only if you are capable of operating an out of state business......do you have the contacts and the knowledge to do same.
"Should I buy fixer-uppers that needs lip-stick or full rehab?
Depends on your experience with rehabbing........novices should start with cosmetic rehabs.....unless they have the resources to loose their tails with more difficult projects.
"should I buy fixer-uppers in Florida or Philadelphia (NY prices are sky high)?"
Your last statement answered your own question. The bulk of your profit is conditioned on what you purchased it for........not what you MIGHT sell it for.
"Should I buy to hold or buy to sell?"
Again, depends on your market.
"would a hard money lender lend me money, a first time investor at %100 (purchase Rehab & holding cost)?"
Fat chance
"Can I pay them back after the house has been sold?"
go to 3500 PSI? I just rented one and it toally did the trip.
is there a brick cleaning agent to add to the spray?
Just wait another hundred years until all the paint has flaked off ) It is a very tuff and costly job. I have never done it but know of investor who have done it. They sand blasted the brick, which will take some of the mortar out, then went back and filled in the mortar again and touched up the bricks.
Yeah Chris!
Any other suggestions for cleaning brick?[ Edited by d_random on Date 07/31/2007 ]
muratic acid
"Is it the right time to buy fixer-uppers or should I wait until the market bottoms-out?"
As with all things, do diligence is required to check your local market to determine which way things are headed.
"I live in NY is it wise to buy out of state?"
Only if you are capable of operating an out of state business......do you have the contacts and the knowledge to do same.
"Should I buy fixer-uppers that needs lip-stick or full rehab?
Depends on your experience with rehabbing........novices should start with cosmetic rehabs.....unless they have the resources to loose their tails with more difficult projects.
"should I buy fixer-uppers in Florida or Philadelphia (NY prices are sky high)?"
Your last statement answered your own question. The bulk of your profit is conditioned on what you purchased it for........not what you MIGHT sell it for.
"Should I buy to hold or buy to sell?"
Again, depends on your market.
"would a hard money lender lend me money, a first time investor at %100 (purchase Rehab & holding cost)?"
Fat chance
"Can I pay them back after the house has been sold?"
See above.
regards
NC
It is always a good time to buy if you get the right price!
I would stay local to minimize risk and keep on top of your business until you can handle more risk and branch out.
I mainly fix and flip. This is great money when I am working hard but passive income is nice as it does not depend on what you do during the week..
[addsig]
most home inspector will punt on mold and asbestos. You need an environment health person. There are consultants that do this.
Search around the Internet as there seemed to some pretty amazing product.
One, you just "fogged" the house and it penitrated the walls. They gave a mold free gaurantee.
The other was a spray, that you could drill holes in the walls to into wall spaces.