10. New Lending Bank

The new lending institution is now able to lend on a repaired home that is in good condition and is at a very good value. This loan is now a performing asset that will help strengthen the banks.

9. Real Estate Agents

The local buyers and sellers agent will get a commission upon the sell of the property. Again, this money will be in turn spent by the local agents in the market place that will help local business in the area increase their revenue and continue to employ wage earners.

8. State Taxes

As items are purchased in many states a sales taxes is charged and bring in much needed revenue to the states. Many states are running a deficit and are in need of funds. With each purchase the state is able to get a benefit that helps their growing budget concerns.

7. Community Tax Basis

If a home is in financial problems or if it is owned by a bank many times the property taxes will go delinquent; thus putting strain on the local economy, the funding for schools, police, fire department and many other much needed public services. By having properties owned by a responsible party, taxes are paid and funds are put back into the local economy.

6. Neighborhood

The value of a home is only as good as the value of the surrounding homes. Thus, when a home goes into financial problems as well as in disrepair it not only hurts the value of that property but it also hurts the value of the surrounding homes. As Investors remodel the property they are increasing not only the value of the subject home but they are also increasing the value of the surrounding homes. This helps the Neighborhood as a whole.

5. National Supply Companies

When a property is remodeled there is carpet ordered, paint ordered and many fixtures needed. Most companies providing these items are national and most of them are in very bad financial shape and every dollar brought in is a major success and also helps these national companies and the people they employee and their families.

4. Local Contractors and Handymen

In the current marketplace most contractors and handymen are simply out of work. There was so much building happening that there was more and more Contractors entering the workforce. All of that came to a drastic stop and now there are a lot of these well skilled Contractors and Handymen out of work. These people are not able to feed their families and are in grave need of work. The purchase by an investor provides work for these people that is greatly needed. Again these contractors and handymen now have more funds so they can spend money in the community that helps stimulate the economy.

3. Insurance Agent and National Company

The local agent is able to make a commission off the insurance and it is also giving funding to insurance companies that is actually being paid and helping to keep the insurance companies in good financial standing.