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Updated over 1 year ago,
Does a pending 2nd rehab help or hurt track record?
Me and my general contractor partner buy 10k homes, put 15-25k in and resell for 80-90k. We've completed one so far. We can sell tradional or creative (seller finance, sell a large part of the note to recapitalize/profit, and move to the next one).
My GC has access to more crews he would like to deploy. I am raising the funds for the effort. We only have 1 completed deal at the moment. Another one is about to be bought.
We are lining up to buy another house and run both rehabs at once. They are medium jobs, maybe 1 month effort. With 1 house completed, are multiple rehabs in flight a selling point with private lenders or a negative?