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Updated about 8 years ago on . Most recent reply

Has anyone done ONLY the rehab...
But not actually purchased the home?
My team and I in Knoxville Tennessee have been approached by a family member to do the rehab on their property before they list it. Our initial thoughts were to request all profits over and above a set number.
For example, if the home in its current condition could sell for $405k, to request all additional revenue over and above $420. This gives them a $15k incentive. The tough part is structuring it so we are paid before taxes and commissions. A better way to structure might be to say we get paid the difference between the $420 and the selling price.
Any help would be appreciated!
Most Popular Reply

It's no different than any homeowner hiring a GC to renovate their house. Just give them a price which includes your profit and let them pay you as a contractor.