Question for investors from a wholesaler!
Hi guys!
Ill get straight to it. I totally understand the 70% -(repairs) model, but I would love to know if there are certain repairs you would stray from, if a property needed it? The reason why I've asked is because I have talked to an investor of mine, who expressed to me that he wants properties that are closer to move in ready... as if too much rehab, is a deterrent for him.
I have another investor who says they are looking for properties that fall along the 60% as far as the deal is concerned, and so I'm guessing this means he isn't looking to do any major rehab either.
I have been driving for houses down here and have found some really messed up ones in pretty okay neighborhoods, but have passed them by because they seem to need so much work.
So I wonder, How much work is too much work for an investor? What type of property would be ideal for you guys? Or is the 70%-repairs model all that matter?
thank you in advanced!
Your newest Wholesaler, Shannon Webb