OK so you found a house to fix and put back on the market. You’ve completed the rehab and just sold it. Now you have your check – praise God!
Most people think this is when you make your money.
Well it’s not!
In real estate rehabbing – you make your money when you buy the house – not when you sell it.
Your profit driver is how much of a discount you buy your distressed house under its after repair value (ARV).
The better you buy, the more money you make!