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Average Joe Renovates, Makes Fast $30,000 in Hot Market

If you can spot a house that needs work and know how to swing a hammer, you could be ready to earn an extra $20,000 to $30,000 in the next few months.

Wayne Carney, a self-described Average Joe, was able to cash in on local neighborhood revitalization efforts this spring by using his handyman skills to rehab two homes for a profit.

"I really didn't think it could be possible, or as easy as it was," he said. "I repair houses all day anyway, and figured I might as well start making some real money."

Many local rehabbers are taking advantage of the current seller's market by buying homes in need of remodeling, putting in a little work, and selling quickly for gains that rival their yearly salary. These newly renovated homes sell for top dollar, and make neighborhoods more attractive and safe while increasing the neighbors' values as well. With interest rates still low and nice homes in great demand, now may be the best time for years to come for rehabbers.

"I knew these opportunities were out there," said Wayne, "but I always thought you had to have money to make money."

He later commented that he plans to retire from his contracting business within a year in order to pursue deals full time. Wayne was able to finance and profit from the two rehab properties with the help of The Money Partner, LLC, a Richmond-based company that specializes in helping Virginians get started in real estate investing without requiring cash or credit. They are available for contact at

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