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Occasionally a newcomer to CFD will ask about doing a (or several) housing rehab deals. Nothing in the article below should come as a surprise to CFD members with some time here under their belt, but the disclosure of some serious downsides to attempting rehabs is a must for newcomers. With that in mind, this July 11, 2018 article might save some readers from losing their shirts. And yes, the author uses the term “flipping” differently than we do on CFD. When we do a flip, it does NOT include the full rehab, even if it might have a wee bit of spiffing up.https://www.apartmenttherapy.com/flipping-houses-tips-260139
Even worse would be committing to a rehab deal just before the coming financial crash where you could easily lose more than your shirt….
—Dee
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I just spotted this update today on the costs of doing a rehab. New Chinese tariffs are expected to push the cost of rehabs upward:https://www.cnbc.com/2018/09/24/new-chinese-tariffs-make-home-renovations-more-expensive.html
–Dee
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