Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago, 03/15/2014
First rehab project
So I may have an opportunity to get a great deal on a house but it needs A LOT of work...I mean a lot, its been vacant for 20+ years. I am new to the REI industry and this would be my first flip. Anyone have any advice on taking on a major rehab for your first project? I just have a feeling it is going to be the right deal to take on, but I am worried about all the work that will be needed.
Also, how do you feel about a mentor with rehab deals? Should I try and find a mentor to work with on my first couple of deals, or just take on the project myself? Advice is much appreciated. :)