Retail Rehabs Below Market???
Hey there,
I was curious if anyone knows of a standard percentage of retail to make rehabs move quickly. Someone told me between 90-95% depending on the desirability of that type of home, location, etc.
Do you folks have set percentage ranges you deal with to move your homes quickly so you can realize your profit sooner? Thanks, Dave
Here in Florida its all in the down payment. If you can offer a no money down mortgage, or low down payment you get more to choose from. Most people dont buy because they dont think they have enough for a down payment. If you can structure general financing and advertise the monthly payment, they will come in groves. They tend to worry more about the down payment than what they will be paying in interest.
Good Luck,
Kyle
Are you talking about seller financing?
Do rehabbers, as a general rule, put all that money into a deal, and choose to get paid over time, rather than sell it retail for cash and get out? I thought they just retail it, especially if using hard money or cash
Let me know. Thanks Kyle! - Dave