How many of you here are doing rehabs fulltime? I am to the point of leaving my day job to pursue this fulltime and just wondering how many others have done this.
Hello Kelly,
Are you a builder? What assect of the rehab are you doing yourself? How many rehabs have you done to date. Are you able to locate and purchase enough properties to keep yourself in business full time?
I have purchased my first rehab site and in process of closing on another. I am not a contractor, but a counselor by profession. I guess I could get in there and hammer or saw and cut or even some of the simple plumbing jobs. I find it best to leave to the contractor what they do best. I wish you much success in your new business.
I am full time rehab. My goal this year is to lease option for residual income and to hold certan proprty.
I have tremendous personal overhead.
3 kids
two x's
one in collage
one stay at home mom
not to mention health ins and my own living expences.
I would not have givin up my other business If I could not have profeted on rehabs
Hello Kelly,
Are you a builder? What assect of the rehab are you doing yourself? How many rehabs have you done to date. Are you able to locate and purchase enough properties to keep yourself in business full time?
I have purchased my first rehab site and in process of closing on another. I am not a contractor, but a counselor by profession. I guess I could get in there and hammer or saw and cut or even some of the simple plumbing jobs. I find it best to leave to the contractor what they do best. I wish you much success in your new business.
Keep us posted on your success.
Hey Kelly,
I am a builder / home inspector and
I would advise you to do it on part time
until you can get established.
I do some rehabs but I find that I can make more money off of new construction
then fixing one up.
The square footage cost is typically more
for a rehab than new construction.
Of course your making your money on
the purchasing side of them for the most part.
Good luck.
I am full time rehab. My goal this year is to lease option for residual income and to hold certan proprty.
I have tremendous personal overhead.
3 kids
two x's
one in collage
one stay at home mom
not to mention health ins and my own living expences.
I would not have givin up my other business If I could not have profeted on rehabs