Flipping or Rehabbing a Property
We have all seen the TV shows which show people flipping houses and making lots of money doing it. However flipping houses requires lots of cash (most of the time) and some investors may use their own cash.
Banks don’t fund rehabs so you will need to look for money from friends, other investors or do JV deals (joint ventures).
Presenting a rehab to a person whom will offer to loan their money will require you to be concise, present the right numbers and understanding of the monies you will need to make sure that your flip is successful. The last thing you want to do when flipping a house is guess how much money you will need or how much you will offer the seller in order to complete your deal.
Once you know these numbers you will be able to present this to other investors but in the world of investing, being professional is very important, especially when you are just starting to use other peoples money.
In the video will explain to you how to present your deal for your rehab and how to make sure you are not spending more for a property than it’s worth.
Never again present a deal that is not professional. Understand what your potential investment property and seal the deal faster. Get private money faster and look like a professional asking for it.