Most successful RE investors learn to have a contractor's eye, where a rough dog looks much sweeter to them, because they can see and understand how to
rehab the property when everyone else wants to walk away.
Not exact matches
My returns are based on full cash purchase of the
properties, as it is hard to compare the attractiveness of
properties at different price ranges
when only calculating down payment or
properties that need very little
rehab / updates.
Feb 02, 2017
When it comes to buying a home or a
property that you plan to
rehab and resell, a fix and flip loan may be just what you need if you're not sitting on a huge pile of cash.
Cohen is clearly not a slumlord — but
when you're a developer who owns and
rehabs properties in areas that need it — you're bound to run afoul of codes etc... as you work your way through.
Adventure flipping is
when you move into an out - of - state investment
property while you
rehab it and then selling it to a turnkey investor or primary residence buyer.
I do the buying, the
rehab (and manage the contractors
when needed), the showings, the screening of applicants, picking the tenants, and after renting them out I manage all my
properties myself.
Then
when you find a
property that you can work with, oh the
rehab is to high and they wont cover it.
I can pay the $ 35k and
rehab it
when I could just get a different
property altogether for less or I spend another $ 8k to demo the existing
property and clear the lot and end up with a piece of land that probably has no value (if houses in that area are worth $ 25k).
When looking to purchase notes, just like with Hard Money (where an investor completes due diligence on the property that secures the rehab loan they lend on), note investors do the same thing when evaluating a note and mortgage pre-purch
When looking to purchase notes, just like with Hard Money (where an investor completes due diligence on the
property that secures the
rehab loan they lend on), note investors do the same thing
when evaluating a note and mortgage pre-purch
when evaluating a note and mortgage pre-purchase.
When I acquire a
property that needs
rehab, I hire a college kid to rip out the carpet and linoleum and put ceramic tile and laminate floor back.
When a
rehab is being considered at an existing
property, Portico puts wood on concrete to see how the market reacts.
This is also good practice for the future
when you're successful enough to
rehab several
properties at once.
Funding for the purchase and
rehab of a
property, then
when the project is complete the borrower secures a tenant and the loan is modified to a lower rate and longer term
Be cautious and pessimistic
when calculating
rehab costs, time to resell the
property.
If you're thinking about doing
property rehabs, this blog post will reveal 6 things to consider
when executing an investment
property rehab in the — these could determine whether you succeed or struggle!
Am I right in understanding that Closing Cost to Buy refers to your closing costs
when you acquire the
property and Closing Cost to Sell refers to the closing costs
when you sell after the
rehab has been completed?
You usually don't think of something like that
when considering a
rehab property but the article shows why it should be strongly considered.
When we were just finishing up the
rehab on our second rental
property a young couple with a newborn moved into one such not - so - nice house.
When analyzing a
property to do a
rehab, make sure you're calculating repairs accurately (see above) and make sure to have a reliable general contractor who can manage the project and keep it on schedule.
I'm never an advocate for taking shortcuts in
rehab and find it frustrating
when we acquire a
property which has been treated in such a manner.
They assign
properties to investors
when they get too many deals to
rehab.
I prefer to deal with private party sellers MOM AND POPS, either absentee owner [tired landlords -RCB- or owner occupants.I will double end these deals with competent agents.You will get full commission
when you bring me the
property and after I
rehab it and want to sell itFAST.
There's no need to pay a 6 % commission
when they can sell there
properties themselves before the
rehab is even done.
When people ask me what I do in real estate and I explain that I have «people» that help me purchase rental
property,
rehab the
property, locate tenants and manage the
property for me, most people don't believe me.