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Updated over 15 years ago on . Most recent reply

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Corey Demuth
  • Real Estate Agent
  • Tampa, FL
123
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456
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How do you find properties to rehab?

Corey Demuth
  • Real Estate Agent
  • Tampa, FL
Posted

Rehabbers: How do you locate properties to buy, rehab, and then either resell for immediate profit or rent out, lease-to-own, etc.

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J Scott
  • Investor
  • Sarasota, FL
17,199
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by Corey Demuth:
Originally posted by J Scott:
The rest I buy using financing; the banks I work with will finance the purchase and the rehab costs for up to 12 months interest-only at 6.5%, so that's a good option for my typical flips.


How the hell do you get that deal?


Great credit, strong business plan, proven track record and a personal guarantee against my assets...

There are plenty of small banks out there that will happily work with investors and provide great terms...you just need to find them and prove to them that you're a good investment...

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