Posts Tagged ‘finding rehab properties’

The Key To Finding Rehab Properties And Turning A Profit

Thursday, May 29th, 2014

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1093

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1093

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1093

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1093

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1093

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1105

Warning: Illegal string offset 'status_txt' in /home/britips/public_html/wp-content/plugins/share-and-follow/share-and-follow.php on line 1132

Investors who focus on finding rehab properties understand that a substantial profit can be earned if the proper due diligence is performed.  Those investors who are just getting started in this lucrative field need to understand how to evaluate a rehab property and negotiate a deal.  Investors who follow the advice below should be able to earn a profit on the flip side.

The first step to finding rehab properties that are likely to amount to a profit involves researching the area in question.  Locations that have an active population and a number of amenities in the local area are good candidates due to the overall desirability of the region.  Investors who invest in areas like this should be able to find a buyer who will be willing to pay property value immediately after the rehab is completed.

The next step to finding rehab properties involves looking at the property itself.  Investors should look through the entire property and determine what needs to be rehabbed.  Investors who are experienced in this field will be able to calculate the costs and time a project will take to complete.  These investors should have a good idea for the property value of a completed project and be able to determine how much to offer in order to earn a profit on the pursuit.

At this point, investors should bring in a professional to determine that a property has indeed been analyzed correctly.  These professionals will be able to point out any problems that an investor has missed and be able to calculate an even more accurate estimation regarding the cost of the rehab.

Investors who are armed with this knowledge can then negotiate with a seller and find a common ground.  Since most sellers who are selling a rehab property just want to sell their property, they are willing to negotiate generously.  Only work with these types of sellers and give them an idea of the entire process of the rehab so they have an understanding of the work involved.  These sellers will likely be overwhelmed by the amount of problems that a property has and be able to see an investor’s view point.  At this point, offer a price for a property that is below what one is willing to pay and see how a seller reacts in order to determine the correct negotiating strategy.

Investors who are intent on finding rehab properties need to spend the necessary time in order to determine whether they are profitable or not.

Asking questions with these tips in mind will help save real estate investors thousands.  For more ideas related to real estate investing, call or visit us a  We are the nation’s number one home buying franchise with over 15 years of experience.  Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business.  Come see us for more information.