Striking It Rich: Investors Find Success In Real Estate - Houston weather, traffic, news | FOX 26 | MyFoxHouston

Striking It Rich: Investors Find Success In Real Estate

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Home values are on the rise and inventory is the lowest it has been in eight years.  With a combination like that, more and more young adults are figuring out how to strike it rich in real estate.   

Shaun Vembutty has a degree in computer science but an eye for design.  As the housing recovery moves along, he's finding success in flipping houses.

"What made me go full steam is you are creating a product, and at the end of the day you are able to see how the public reacts to that product," he said.

Networth Realty says successful flippers are making $40,000 to $60,000 off each home.

This time investors like Shaun are being more selective, calculating their bets on smart renovations.

"Number one, good contractors and good crew.  Number two you have to make sure you're staying on top of your project, and third thing is you have to be smart about money," said Vembutty.

 

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