HomeVestors Knows That Purchasing A Rehab Property Needs To Be Performed With Caution


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Investors who are thinking about purchasing a rehab property need to know what they are undertaking. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that purchasing a rehab property and then fixing it up is a time-tested technique that many have used to earn a fortune in real estate.  Learn from the best and avoid pitfalls that most beginners tend to incur.

Those who are thinking about purchasing a rehab property need to understand what they are getting involved with.  While a rehab seems like an easy way to make money in the business, there are a number of things that can go wrong.  The most important factor is accurately determining the amount of work necessary, the time it will take to complete and the cost associated with this work.  Those who are able to do this can then make an offer on a property that will enable them to earn a profit in the end.

Investors who determine their target market before purchasing a rehab property are able to use their ability to speculate about a given area before actually investing in it.  Investors should choose to purchase rehabs in an area that is going to enable a quick flip as soon as the property is complete.

Those who are just getting started in the real estate field should realize that they shouldn’t do everything alone.  It is ok to ask for help, especially when purchasing a rehab property, as an expert has dealt with almost all the potential problems and knows how to properly evaluate a rehab property.  Employ one of these individuals to walk through a property, calculate the costs and the amount of time the project will take to complete.  This will enable an investor to purchase a property with confidence.

When purchasing a rehab property, decide who will complete the rehab.  Many investors choose to contract the work out, while others choose to be actively involved in the rehab.  This is a matter of personal preference, but realize that a professional contracting company will be able to complete the work faster and likely, with better quality.  While the project is going to cost more when using this strategy, investors who can cut the time spent on the rehab are in a better position to capitalize on the flip.

Those who exercise caution when purchasing a rehab property should end up with a profitable property on their hands.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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