Questions to ask before investing with a rehabber

[Sean Ploskina]

I have an associate who is an experienced rehabber.  My market has been sucking in terms of acquiring rentals so I am looking to put my money in other options.  I know very little about rehabbing itself and want to make sure I am going to be putting my money with the right person.

What are some things that those here have found makes for a successful rehabber?  So when I sit down with him I will know what to look for?

Thanks BPers

[Chris C.]

If they are running a legitimate rehab business they should be able to show you what they budgeted for past properties and what they actually spent.  I would want to see those numbers to evaluate their ability to budget and how much they are actually making.  Of course these numbers can be fudged but a lot of information can come from how they act when you ask for that information so do it in person.