Good Morning. Looking for advise and references to help me shop for single-family rehab property. What are the major rules for qualifying a good prospective property? Thanks
The way I approach it is that the cost to acquire + rehab subtracted from the realistic sales price should be 20k+. Gives room for error/ooops and you still should net a nice nut.
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If you can acquire it for less than 70% its a good start. If you can make at least 25% selling it its also a good start.
Kyle
The way I approach it is that the cost to acquire + rehab subtracted from the realistic sales price should be 20k+. Gives room for error/ooops and you still should net a nice nut.
Ho...