If you’re a soon-to-be real estate investor, it’s time to familiarize yourself with the language – and one of the terms you’ll need to know is rehab.
What is Rehab in Real Estate?
The process of improving a house is called rehabbing – it’s what you do by fixing and upgrading the property to bring its value up enough so you can make a profit when you sell it.
A lot of people believe they need to be their own general contractors when they’re rehabbing a property, but that’s just not true – all you need to be is willing to find the right people to help you on your journey. You need to know how to find, hire and manage the people who are on your all-star team; those who will help you get the house in a more valuable condition.
Are You Looking for a Hard Money Loan to Buy a Property?
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.
Read our frequently asked questions and take a few minutes to learn about the hard money loan process.