How to Estimate Real Estate Rehab Costs
Estimating Real Estate Rehab Costs One of the most critical skills any real estate investor should possess is the capacity to accurately estimate rehab costs. Whether you’re investing in fix and flip properties or wholesaleing wholesale deals, having this insight will enable you to determine whether a property is worth investing in or if it will likely prove a waste of time. Identifying the Most Common Rehab Expenses One of the first steps in estimating repair costs is scheduling an extensive property inspection. This will help identify specific items that need repairing or replacing, plus it’s wise to consult with experienced contractors and…
Finding Funding Sources for Flipping Houses
Finding Funding Sources It’s essential to get your finances in order before looking for property to purchase. One way to do that is by researching the market and finding a property that needs minimal repair work and can be sold for a substantial profit. Afterward, you can look into financing options that will cover both purchasing and renovating the home. Hard Money Lenders Hard money loans are an increasingly popular choice for fix and flip investors who need to finance their projects without the hassle of getting a traditional bank loan. These lenders provide short-term funding to real estate investors who purchase distressed…