All Forum Posts by: Rachel Gill

Rachel,

I have done quite a few "traditional" rehabs that I have loved doing and took a lot of pride in completing.  I have looked into restoring the old "historic home" and decided that it wasn't for me.  I would love to bring one of those homes back to glory but my buddies who do rehab those homes say that getting the approval from the historic committees is very difficult and you have to restore the homes based on their determination of what they want the home to be like.  If that is the direction that you are looking to go and are passionate about it then you have a good chance of succeeding, just beware of where you are buying and make sure you can rehab the way you want without having to answer to some committee.  Good luck

Yes there is a market for restoring older homes. Take a look a what Tucker Merrihew is doing in Portland Oregon. He has done several flips in historic neighborhoods of Portland. He had done a podcast for Bigger Pockets and recently started Deal Finders Academy.

Hey Rachel. one thing you might consider is reaching out for city, state, and federal grants.  There are tons of them out there and they love historical properties, community improvement projects, training un- and under-employed people.  All these can apply to rehabbing.  I looked into a block improvement project in Wilson and got lots of potential partners such as Habitat for humanity, Bk of Am, BB't. and city preservation society.  I have not followed on it yet, been too busy rehabbing.  But inner cities have plenty of guys that would love to work on rehabbing and get trained too.  In Wilson there are plenty of guys willing to work for $9.00 an hour and some have experience with painting, carpentry, roofing, etc.  good luck with it