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After I finished remodeling my first house, I bought a Dutch Colonial for $100 down. It required the usual repairs such as stripping wallpaper and painting; plus, I refinished its maple floors, installed a suspended ceiling, restored original woodwork and built a cabinet into wasted space that you see pictured here, among other profitable improvements.

Fortunately, I survived that process to be here today to say: don't listen to those naysayers who delight in sharing second-hand horror stories about refinishing wood floors. If you're patient and inherently brighter than a level above plant life, you can do it. Here is Part 2 of 5 of how to buy, fix-up and sell for profit.

©Elizabeth Weintraub, Licensed to About.com
Built-in Cabinet Replaced Hallway Nook

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

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