With plenty of foreclosures on the market, my investors have a wide range of homes to choose from. While every investor has their own sense of risk and tolerance, I usually recommend my amateur investors tackle simple fix-ups. My first few foreclosure purchases entailed cosmetic modifications such as painting, carpet, adding tile, landscaping, etc.

 These pictures are from a home in which the previous investor could not finish the work within budget and walked away. A closer look at the workmanship shows that it was poorly performed, indicating to me that this investor was not a professional. It is very common to find these homes where homeowners though they could buy any home and make gold off of it. The market is proving these people wrong. However, the entire public is paying the price for their miscalculations.