Cost of Rehabilitation.

Historic rehabilitation can be a great business.

I am new to realestate but I have always had an interest in rehabilitating houses (no money down) for profits and I feel I can start with wholesaling contracts.

The Respondents3Mom, Inc. (“3Mom”) was a Missouri corporation with a last known business address of 3420 West Moark Street, Springfield, Missouri 65810. 3Mom purported to be in the business of raising capital to purchase, rehabilitate and sell real estate for a profit.

In October, 1996, the Department placed a moratorium on investor participation in the 203(k) Rehabilitation Mortgage Program.

I am living in a flip that I bought for 40,000 + another 35,000 in rehabilitation, that apraised for 138,000.

I have not purchased a lot of properties myself and do not have experience in rehabilitation.

Funny, I just sold rural land with a tear down, closed last month.I've been the non-profit route and for profit route to acquired property to demolish as well.I was chairman of a city  rehabilitation committee that investigated blighted areas and properties for redevelopment, some aspects we looked at:Pretty well mentioned above that when the cost of rehab exceeds the market value a scrapping is probably in order.There can be more to it as well. 

Craig started out developing land with manufactured homes and became a manufacture home dealer, then transitioned into purchasing, rehabilitating and selling single family homes.

I'm interested in any thoughts or advice on acquiring, rehabilitating,managing, and marketing commercial office buildings.