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Updated almost 11 years ago on . Most recent reply

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Samuel George
  • Indianapolis, IN
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Immediate Signs to run away (Rehab projects)

Samuel George
  • Indianapolis, IN
Posted

I am sure this will be helpful for many looking to try some rehab projects. What are some key signs that you should run for the hills regardless of how cheap the price is for a rehab project. What are some problems that just cannot be fixed or will be to expensive to harvest a decent return.

Thanks all

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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
Replied

- Really trashy looking neighbors (and their yards and houses).

- Houses that are way out in the boonies.

- Houses that will be hard for an end-buyer to finance (i.e. manufactured homes, and those crappy places where someone has taken a single-wide and added onto it, and basement houses).

- Houses where the bedrooms are small and/or the closets are small (this can sometimes be corrected though).

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