Rehabbers Make Great Friends With Sub2 Investors
Sub2 real estate investors should get to know property rehabbers very well
. Before we delve into the subject at hand, we should be careful to note that there are some property buyers who like to deal with properties that need a complete rehab. On the other hand, there are also those investors who prefer to limit their fix and flip projects to a more cosmetic level. I am referring to things like painting, landscaping and very basic cosmetic repair items. This kind of repair can be done in a very quick fashion. They like to make the houses they buy and fix look better quickly and then sell these properties for a fast profit. Those rehabbers that do more work such as electrical repair, foundation work, plumbing, and other time consuming repairs expect to earn a more substantial profit from all of their hard work. You will come to find that these are the two types of individuals that you will deal with when it comes to rehab investors.
It is important to make a distinction between those who want to do a complete repair and those who desire cosmetic repair because you can give each type of real estate investor exactly what they want. Matching the proper buyer with the proper house is the key to your success in this business. A great technique to find this type of buyer to sell your sub2 properties to is by driving around the areas of your town or area. When you are driving, pay special attention to those houses that have a dump truck in the front of the property. These are the houses that you want to focus on at this time. Getting out of the car and interacting with the people who are working on the property itself is a good way to find the investor in charge of this project.
Looking at the project will let you know what type of investor you will be working with on your deals. If you see an intense amount of rehab taking place, you are probably dealing with someone who prefers large repair jobs. The goal is to find the investor in charge and build a great friendship with this person. Let them know what you do and find out if they would be discouraged if you sent them any properties in this area that met their buying criteria. You need to ask them exactly what kind of properties they prefer, and if they buy in other areas as well. This great tip can help you to find some great buyers for your sub2 property in no time at all. For more great sub2 gems, go to http://subject2.com for all of your investing needs.
by: Nick L. Johnson
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