So You Want to Be a Rehabber

By
Real Estate Agent with The Realty Matrix

Subtitled:  Do You Really Have What It Takes to Do the Zero Down Infomercial Programs?

If you want to be a rehabber and make some "easy" and quick money when you grow up, let me show you what the infomercials don't tell you!  The following series of pictures was taken from a house with good bones that could be purchased very cheaply to make a killing on resale.  But, do YOU really want to go here?  Do you have the stomach for it?  The photos on the left were taken before 2000+ pounds of debris was scooped by shovel from the house.  This is the first step.  The second step is to get close enough to the stove, toilet, and other fixtures to remove them without becoming contaminated or throwing up.

                  BEFORE DEBRIS REMOVAL                                                        AFTER DEBRIS REMOVAL

kitchen filled with debris same kitchen with no debris

 

refrigerator full of rotten food emptied refrigerator still dirty

 

stove piled high with debrisdirty stove after debris removed

 

sink full of debrisdirty sink without debris

And last, but not least.  I dare you to remove that toilet so a new one can be installed!

bathroom ful od debrisbathroom after debris removed

This house is not the standard, but if one can look beyond the debris to the house's potential finished state, there is money to be made here.  My mantra is  "The uglier, the better".  Because the seller doesn't want to deal with all that gross stuff the home will usually sell at a greatly reduced price.  A 40 yard box and strong muscles can deal with the worst of the mess, leaving the rehabber free to plan and envision. 

Pictures of the completed project can be found here.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
rehabbing
rehabbing guidelines

Comments 12 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
260,797
Bonnie Erickson
The Realty Matrix
Jennifer, I'm with you on that.  Thankfully, we found no roaches, mouse droppings, or fleas!  I was totally amazed.  We still took precautions of stripping at the door and placing everything in the washer immediately!  The place is looking much cleaner today, but still need rehab money to bring to livable conditions.
May 01, 2008 04:52 PM
Rainer
111,189
Carole Cohen
Realtor, ePRO
Howard Hanna Cleveland City Office

BE this is very sobering. Just the before and after kitchen shots exhaust me. All I can say is you have done yeoman's work so far.

August 01, 2008 07:19 PM
Ambassador
380,605
Tracy Santrock
Raleigh - Cary Realtor
Fonville Morisey/Santrock Realty Group, Inc.

Boy if you saw that one you've seen it all. I've spent all week trying to get a very nice listing in order! I'm thankful I didn't have to deal w/a true fixer upper.

August 03, 2008 10:25 PM
Rainer
260,797
Bonnie Erickson
The Realty Matrix

Tracy, Every so often one comes across one of these.  Most frequently they are torn down even though the home itself is solid.  People just can't see beyond the debris.  I'll post after pictures when the owner gets done.

August 04, 2008 11:15 AM
Rainer
11,481
Jason Fleming
Jason Fleming Agency INC

Wow that is totally discusting!!!  I would never wish that job on anyone. 

December 28, 2008 11:32 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
260,797

Bonnie Erickson

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the scissors to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Thoughts about St. Paul houses, rentals, remodeling, staging, market trends, life, and more.