Questions to ask before investing with a rehabber
I have an associate who is an experienced rehabber. My market has been sucking in terms of acquiring rentals so I am looking to put my money in other options. I know very little about rehabbing itself and want to make sure I am going to be putting my money with the right person.
What are some things that those here have found makes for a successful rehabber? So when I sit down with him I will know what to look for?
Thanks BPers
Most Popular Reply
If they are running a legitimate rehab business they should be able to show you what they budgeted for past properties and what they actually spent. I would want to see those numbers to evaluate their ability to budget and how much they are actually making. Of course these numbers can be fudged but a lot of information can come from how they act when you ask for that information so do it in person.