Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Kevin Sapp
  • Lender
  • Cary, NC
0
Votes |
14
Posts

Best option for selling to rehabber for most profit

Kevin Sapp
  • Lender
  • Cary, NC
Posted

My 85 year old father in law has a house in Denver, Green Mountain Estates that he wants to sell soon. The house is split level, 4 levels, 3 bed, 2 3/4 bath, large two car garage with about 3000 total square feet including the unfinished basement.

The house is very dated, harvest gold bathroom fixtures, green stain, 2 hinge flat green/brown stained flat panel (luan) doors. Kitchen has cherry cabinets, but green cork floors and green wallpaper.

In y'all's experience what is it worth to a rehabber to hold the note and ask for a share of the profits? Other options to maximize profits?

Most Popular Reply

User Stats

4,409
Posts
2,885
Votes
Bill S.
Pro Member
  • Rental Property Investor
  • Denver, CO
2,885
Votes |
4,409
Posts
Bill S.
Pro Member
  • Rental Property Investor
  • Denver, CO
ModeratorReplied

@Kevin Sapp so it really depends. Lame answer, I know. How do you find a rehabber that is trustworthy? How do you know they can do the best rehab (quickest, cheapest, and sell for most money)? Too many moving parts. IMO the best bet is to offer it for sale on the MLS. There are many buyers looking for fixers to live in and flip. They don't have to realize a profit on their labor, figure in the time value of money, nor really even know what they are doing. They pay top dollar. It's not worth the risk of teaming with someone you don't know for a potential few extra dollars.

  • Bill S.
  • Loading replies...