i want to start buying homes in my area and fixing them up and resell them.?
in pennsylvania are there any laws or restrictions on selling run down homes (either forclosures/ abandoned /tax purposes etc:) and hiring a contract company to fix them up and sell them? My neighbor told me that he knows a guy who buys 3 or 4 at a time remodels them and sells them for profit.($ 6,000.00 tax home plus $ 10,000 paid to the contrating company. then sells for $ 56,000, is this possible? are there restrictions like on how many a year? any thing would help. do you need to be a real estate agent or broker? or can anyone?