Rent to Own Your Rehab Property!

Sometimes, despite your best efforts to sell a rehab property to a homebuyer, you just don’t bring in a buyer who can qualify for a mortgage. Especially these days with new harder meet restrictions and rules set forth for homeowners looking to get a mortgage. It’s just a lot harder to get a good mortgage loan.

Staging Your Fixer Upper Houses to Sell

Now that you’ve got those fixer upper houses all fixed up and have an exit strategy in place, it’s time to start staging houses. Real estate rehabbing involves more than just remodeling houses; you have to sell that house to a potential buyer.

Secret Methods for Selling Your Rehab Property

Once you’ve got that property fixed up nicely you’ll need to sell it. That’s where your exit strategy comes in. Every real estate investor needs a good exit strategy to sell their fixer upper houses after having rehabbed their properties. That exit strategy is the plan you have set up to start bringing in homebuyers for your newly rehabbed property.

How to Create Curb Appeal with your Fixer Upper Houses

Many fixer upper houses have terrible looking lawns. As you can imagine, if the homeowner didn’t have the time, money or inclination to keep up maintenance on the house, then they probably didn’t keep up the landscaping either. As you work on the property you’ll probably at least mow the grass to get that property in shape.

Buying a Fixer Upper and Getting Your Building Permits

Every construction project beyond putting a new coat of paint on the walls and completing a few minor repairs on the walls will require a building permit issued by the local municipality. If you haven’t got that permit when you start working on your rehab property, an inspector can show up at any time to ‘look over’ your work and make sure you’ve got permits for it. If you don’t you’ll be subject to a hefty fine and possibly ordered to stop work.

Rehabbing Houses in 14 Steps

The steps to rehabbing homes are a little bit like organizing the steps for an elaborate dance. You’ll need to bring in the right contractors at the right time, and get them back out again without damaging the work completed by your other contractors. It all culminates in the end with a spectacular open house.

Investor Rehab Loans and Other Ways to Purchase Property

A property rehab isn’t a cheap project to take on. It involves time, knowledge of construction and some capital or credit. If you don’t happen to have a pile of cash lying around waiting to be used on your next property rehab then you’ll have to look into other forms of capital for the rehab such as investor rehab loans or even getting family to help out.

House Renovating for Profit with an Investor Rehab Loan

Not every real estate investor has the cash on hand to purchase a home and carry on fixing it up out of pocket. In reality most investors take out a special investor rehab loan to purchase homes and carry on with house renovating. These loans are usually short term, with high interest and get paid back to the lender after the house is sold.

Buying Fixer Upper Houses with the Right Offer Price

Any real estate rehabber investing in fixer upper houses needs to keep a close eye on the budget to make their project a profitable one. There are two very important elements of ensuring a profit on any rehab.

Get an Inspection for Fixer Upper Houses

Do yourself a big favor when you start buying fixer upper houses. Pay for a home inspection before you sign the paperwork. Unless you are a certified contractor, you won’t be able to look beyond the cosmetics of a handyman special to see hidden damage. There could be all kinds of problems like termites, structural damage, water leakage and even dry rot in the support beams of a home. Little things like these overlooked when you purchase fixer upper houses, can lead to big money lost in the future.