Hi Everyone,In terms of rehabilitation for a house that you might want to flip or rent, what is the best strategy to analyze how much rehab might cost you.

The owner had a strict no former gang member placement clause with the organization because those most consistently present problems, regardless of the convicts desire to rehabilitate. 

The methodology of the study would not have been able to capture that nuance.Unfortunately, for the last few years, there has been a missed opportunity for Ogden to take advantage of the comparatively lower price points and really cater to smaller pocket books with energy to rehabilitate the old houses. 

Hey Franklin,Generally, if a new unit is created through substantial rehabilitation or conversion, it may be considered a "new construction" unit and therefore exempt from RSO rent control.

Fortunately, the city has given me permission to rehabilitate the house, which I plan to use as an Airbnb.

When seeking multiple opinions for a medical issue, it's likely that all consulted physicians will recommend a cast for a fracture followed by rehabilitation.

To protect both parties in your partnership on a BRRRR strategy, you’ll need a **Partnership Agreement** outlining contributions, roles, and profit-sharing, a **Rehabilitation Agreement** detailing rehab work, costs, and responsibilities, and a **Loan and Refinance Agreement** specifying the terms for repaying rehab costs post-refinance.

Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

Would love to hear the experiences of other people if having received any grant funding for acquiring and or rehabilitating real estate property, and how you were able to do that.Best