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Updated almost 9 years ago,

User Stats

125
Posts
92
Votes
Jon Behlke
  • Accountant
  • Hopwood, PA
92
Votes |
125
Posts

Any downfall to starting rehab after Pre-Possession?

Jon Behlke
  • Accountant
  • Hopwood, PA
Posted

My in-laws and I just got the signed pre-possession authorization on our first flip for a house that we close on in two weeks.  My father in law has been a landlord for over 40 years, but this is his first foray into flipping.  My brothers-in-law were excited to get started so they started working on the house already. 

My thought was that if we could get a substantial amount of work done in that two weeks, we'd be dodging some interest payments. 

But is there a downfall to this approach?

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