Money Pit or Money Maker?

In 1986, Steven Spielberg released the cautionary tale, The Money Pit, starring Tom Hanks and Shelley Long. The lessons of this film, where the heroes are led by their hearts and not their heads in making decisions about their dream home, are just as valuable today as in 1986. Maybe even more so with HGTV and the myriad of programs available to teach people special strategies to get rich flipping homes.

Is real estate a good place to invest money and see solid growth? Absolutely! Is that guaranteed? Absolutely NOT! In fact, without the right team, it’s just money in the wind.

Back around 1986, there was a character who would appear on TV at about 2 AM. For $200 plus, he’d share with you the simple secrets of investing in real estate and getting rich quickly, without spending any of your own money—except for what you paid him, of course. Many versions of this business have emerged over the last 30 years.

Here’s the dilemma—so many options! How do you participate in today’s real estate market and “win”? Besides all of the “experts” trying to seduce you with their magical investment secrets, there are the very real challenges of the market itself.

What’s a major market challenge today? Lack of inventory. Too few homes available and too many competing buyers. What can you do? Get creative. You’re the key! And we’re here to help you assemble “outside the box” thoughts and the right team of experts to turn those thoughts into actions.

Whether you’re trying to provide a beautiful home for your family to thrive in or you’re caught by the bug to turn tired, dated homes into beauties, it’s all about the team.

What’s that team going to look like? You need market specialists, money people, and a general contractor to advise and facilitate your plan and meet your goals.

Whether this is your future family home or your latest flip, your market specialist is there to help you find and win the negotiations for the home. The market specialist will also listen to your heart’s desires and provide advice on the home’s must-haves and maybe-nots, so regardless of when it goes on the market, it’s competitive.

Your money people will offer comprehensive and practical options for you to consider. Finally, your general contractor is key to a happy ending—finish on time and on budget.

Want to learn more and avoid The Money Pit?

Join Us For Fix or Flee: Panel + Network Event This Saturday!

Meet Our Team:

Market Specialists – Lighthouse Realty Group of Fulton Grace Realty
Money People – The Bukowski Team of Fairplay Mortgage
General Contractors – Walton Contractors

Saturday, November 11th, 10:30 AM-1 PM
5144 N. Tripp, Chicago

Blog by: CK Cole of Lighthouse Realty Group

CK is a licensed and experienced real estate broker at Fulton Grace Realty. Her passion has always been making that right match and finding that perfect property for her clients. 

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