Homes Manual

Find Bucks in Yucks! 20-Year-Old Woman Turns Doghouses into Dollars!


Do you dream of making money in real estate? Do you realize how easy it is to make big bucks? Even a young inexperienced person can transform houses for great profit.

How to Fix, Flip, and Laugh All the Way to the Bank

At the age of twenty, our family friend Dawn made her first fortune flipping houses by herself. Dawn bought her first HUD repo (government-owned repossessed house), fixed it up and sold it herself. She made enough money to buy her second fixer house with all cash. Our young friend sold her second house for $44,000 profit and paid cash for her third fixer house. Within a few months, Dawn sold that house and had enough money to pay cash for another house and reward herself with her custom dream truck. Dawn did all this -- Three Doghouses -- In Nine Months!

How did Dawn do all this on her own? Dawn bought houses that needed only cosmetic work, not heavy construction. She painted the homes herself inside and out and put in updated lighting and plumbing fixtures. With new carpeting installed, the houses sold immediately to happy new owners.

Dawn says: "I loved buying properties and fixing them up; I also loved to work for myself. What freedom I had in my early years when all of my other friends had to work full time. Just like my Mom says 'carpet and paint makes you look like what you ain't', and 'there's bucks in yucks.' What someone would turn their nose up to, I bought and fixed up, and I said yuck all the way to the bank." (Don't you love how Dawn says her "early years?")

Now It's Your Turn

You too can start your own real estate investing business. You don't need savings -- it's possible to purchase houses with no money down and ask the seller to pay the closing costs. Don't listen to cynics who claim it can't be done today in this crazy market. We purchased our 27th house in 2004 for no money down, and expect to make a profit of no less than $100,000 (for one month of work)!

Our secret to success is making the house outshine the competition by using Design and Marketing Psychology to sell fast for higher profit. Buyers don't notice the psychology used, but they FEEL happy in the home and know they want it; even if it costs more than the house next door. Design Psychology will help you to choose the right colors, lighting, and materials to attract buyers in a specific price range.

You can also learn the secrets of Marketing Psychology to stage your transformed dollhouse in a way that entices buyers to pay more. Visit Joy to the Home.com website to see photographs of doghouses transformed into dollhouses.

What other business makes as much money as real estate investing? What other business gives great profit with so little start-up cost? More millionaires have made their fortune in real estate than in any other business.

Stop dreaming of making money in real estate. Now that you understand the possibilities, what are you waiting for? Invest in your future today.

(c) Copyright 2004, Jeanette J. Fisher. All rights reserved.

Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm


MORE RESOURCES:

Speculation swirls around ailing US mortgage giants (AFP)

People walk by Fannie Mae headquarters in July 2008 in Washington, DC. Speculation about the stressed financial health of US mortgage-finance giants Fannie Mae and Freddie Mac swirled Wednesday as their share prices further plummeted.(AFP/File/Karen Bleier)AFP - Speculation about the stressed financial health of US mortgage-finance giants Fannie Mae and Freddie Mac swirled Wednesday as their share prices further plummeted.



Fannie and Freddie shares hit 18-year low (Reuters)

The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - Shares of Fannie Mae and Freddie Mac dove to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out shareholders of the two U.S. housing finance giants.



Insight: Is the UK market undervalued (FT.com)
FT.com - More UK fund managers, it seems, think their home market is cheap than at any time since the dark days of 2003. And despite that, they are sitting on record levels of cash. Or so the latest Merrill Lynch fund manager survey tells us.
Fannie Mae, Freddie Mac shares plummet (AP)

The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)AP - Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors are increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies.



Mortgage application volume hits multiyear low (AP)

The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)AP - Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday.



Consumers face rising medical debt: survey (Reuters)

Beds lie empty in the emergency room of Tulane University Hospital in New Orleans February 14, 2006. REUTERS/Lee CelanoReuters - A growing number of U.S. adults are struggling to pay their medical bills, tapping into savings accounts, home equity and credit cards to cover health care costs, according to a survey released on Wednesday.



Americans think worst of 2008 oil spike over: poll (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Most Americans think that the worst of the fuel price spike that pushed gasoline above $4 per gallon has passed, but they have little hope that the housing market will stage a swift recovery, according to a Reuters/Zogby poll released on Wednesday.



Fannie, Freddie capital raising options uncertain (AP)

In this May 2, 2007 file photo, the Fannie Mae building in Washington is shown. Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality. (AP Photo/Manuel Balce Ceneta, File)AP - As mortgage financiers Fannie Mae and Freddie Mac struggle with continuing credit losses, their ability to raise needed capital is uncertain and, analysts say, is complicated by the possibility of a government bailout of the two companies.



California home sales surged in July, prices fell (AP)

Pat Seymour with Neighborhood Realtors places a 'sold' sign on a home in Riverside, Calif., Tuesday Aug. 19, 2008.  A research firm says home prices in the San Francisco Bay area plunged 29.3 percent in July to a 53-month low. MDA DataQuick says in its report Tuesday that the median price for new and resale homes and condos stood at $470,000 last month, down from $665,000 in July 2007. (AP Photo/Nick Ut)AP - California homebuyers sprung to life in July, pouncing on foreclosed homes and deeply discounted properties but largely ignoring pricier homes that have been languishing on the market, a research firm said Tuesday.



Euro comes off six-month lows after weak US data (AFP)

US dollar and euro bank notes. The euro rebounded from six-month lows against the dollar after a spike in inflation and weak US housing market figures stoked fresh concerns about the US economy.(AFP/File/Philippe Desmazes)AFP - The euro rebounded from six-month lows against the dollar after a spike in inflation and weak US housing market figures stoked fresh concerns about the US economy.



Inflation pressures mount as home building slows (Reuters)

A woman shops at at a mall in a Denver suburb, May 16, 2008. (Rick Wilking/Reuters)Reuters - U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold homes, government data showed on Tuesday.



Russia 'makes 1 bln dlrs' on Fannie Mae, Freddie Mac bonds: reports (AFP)

The Freddie Mac headquarters in McLean, Virginia. Investments in the bonds of struggling US home-loan financers Fannie Mae and Freddie Mac have earned Russia more than a billion dollars in the past six months, press reports said Tuesday.(AFP/File/Paul J. Richards)AFP - Investments in the bonds of struggling US home-loan financers Fannie Mae and Freddie Mac have earned Russia more than a billion dollars in the past six months, press reports said Tuesday.



Euro comes off six-month lows after weak US housing data (AFP)

US dollar and euro bank notes. The euro rebounded from six-month lows against the dollar after a spike in inflation and weak US housing market figures stoked fresh concerns about the US economy.(AFP/File/Philippe Desmazes)AFP - The euro rebounded from six-month lows against the dollar after weak US housing market figures stoked fresh concerns over the outlook for the US economy.



Home Depot's 2Q profit drops 24 percent (AP)

Department signs hang at a Home Depot story in Chicago, Friday, Aug. 8, 2008. The Home Depot Inc., the nation's largest home improvement retailer, reported a 24 percent drop in second-quarter profit, Tuesday, Aug. 19, 2008, but beat Wall Street expectations. The company reiterated its downbeat outlook for the year amid a weak housing and home improvement market that shows no signs of recovery. (AP Photo/Charles Rex Arbogast)AP - The Home Depot Inc. said Tuesday that its second-quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery.



American Home to pay fraction of bankruptcy claims (Reuters)
Reuters - American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets.
Fannie, Freddie fall on renewed bailout fears (AP)

A AP - Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality.



IBD's Top 10 - Monday (Investor's Business Daily)
Investor's Business Daily - 1 Shares of mortgage giants Freddie Mac and Fannie Mae fell 25% and 22%, respectively, both to new lows, amid reports that the Treasury Dept. might have to bail out the 2 gov't chartered companies. The move likely would wipe out existing shareholder equity in Freddie and Fannie. Other financials sold off. Lehman Bros. fell 7% on a report it might post a big Q3 loss.
Economy - Monday (Investor's Business Daily)
Investor's Business Daily - Gov't-insured mortgages accounted for more than 29% of all loan applications in July vs. 8.4% a year earlier, said the Mortgage Bankers Assoc. The gov't market share hit a low of 5.8% 3 years ago. Demand for home loans backed by Federal Housing Administration has increased as private funding has dried up and the gov't has expanded the FHA's scope. FHA loans are insured by the gov't in the event of default, but the actual mortgages are made by major lenders.
'Liar loans' threaten to prolong mortgage crisis (AP)

Salvatore Fucile, 82 and his wife, Clara, pose for a photograph in the kitchen of their Springfield, Pa., home, Friday, Aug. 15, 2008. The couple wound up in an Option ARM from IndyMac after consolidating two mortgages on their suburban Philadelphia home. (AP Photo/Tom Mihalek)AP - In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."



Bailout concerns slam Freddie, Fannie shares (Reuters)

The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia in this July 23, 2008 file photo. (Larry Downing/Reuters)Reuters - Investors dumped shares of Fannie Mae and Freddie Mac on Monday after a newspaper report said government officials may have no choice but to effectively nationalize the U.S. housing finance titans.


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