Ep 078 How To Deal With Repairs When It Comes To Creative Financing

On this episode we talk about what kind of terms you should be seeking, when using creative financing, based on the amount of repairs a property needs. We first start with a simple formula on how to calculate repairs for light, medium, and heavy renovations. (This formula does vary based on labor costs in your market) We then walk you through who your Buyer will most likely be, if your wholesaling the property, based on what repairs are needed. Finally we discuss what terms you should be seeking with Sellers and the strategies you can utilize.

This is a very informative episode and there are so many factors that go into accurately calculating repair costs and the best advice I can give you is to always have a contingency factored in for the unknown expenses that inevitably arise and always plan on the project taking twice as long. Enjoy! 

And to get special access to a step by step video on how to structure offers, text CFP to our hotline at 877-409-8090 or click here.