how bad should the condition of the property be?

[Alex E.]

Hi,

I have been wholesaling for a couple months now and I initially thought that properties should be in terrible condition for a rehabber to be interested. But, I have talked to a few rehabbers and they say they will do some light rehabs.

Can anyone provide some examples of a light rehab and how much a light rehab usually costs? What is the bare minimum of how much a rehabber is willing to spend on renovating a property and doing a cash-buy so that it is worth the time and effort?

[Steve Babiak]

I'm happy to do $0 in rehab - I just don't ever expect to find any of those. If you're selling to somebody who does fix and flip, they usually earn their profit by raising the property value above their purchase price via the rehab improvements - so if there is no need to rehab, the house should just sell retail to an owner occupant directly.