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Updated over 17 years ago on . Most recent reply
Starting to think rehabs are easier than wholesaling
I got into REI in March and I've finally gotten to the point where I feel I can do transactions. Originally, I felt doing wholesales was the way to start out, but as I circle neighborhoods, talk to investors, sort through the homes I get from being on buyers lists -- it's much easier to find and do rehab.
I know and trust two project management services who charge a flat fee to manage rehabs and getting myself a rehab won't require 100+ calls, $2500+ in direct mail, circling neighborhoods and countless bandit signs. Am I missing something in my thinking here? I may have to partner for some of the cash, but I feel I can do a rehab right away instead of 3 months of expenses looking for a wholesale deal.
My question: am I not searching for wholesale properties correctly, or should I just go ahead and do a rehab?
Thanks,
Vernon.