investor: Prepping Properties for ‘Wholesale’
- 04/17/11 02:46 AM
Prepping Properties for ‘Wholesale' Most of the time we are able to sell properties out right to another investor, as-is. Sometimes however, we have to put some additional cash and work into a property to help the buyer / investor purchase it. Here are a couple of ways we have done this.
The "Pre-Hab" We have completed "pre-habs" on occasion where we have put limited finds into a project to help an investor or buyer obtain the appraisal they need for their preferred financing. Pre-Hab is just a term we use implying that we are making minimum rehabilitation … (2 comments)
Let me start this post by saying I have lost more money overdoing rehabs than any of the other mistakes I have made in real estate combined. However, I believe I have learned my lesson and can share some helpful advice,
My problem, and a major problem for the vast majority of the investors I work with, is remembering that I am not rehabbing this house for myself or for my family. I have an obligation to provide a safe and secure residence as an investor and landlord, but this is a … (1 comments)
Prepping Properties for ‘Wholesale'
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