Posted by Mark Mallen on December 02, 1999 at 13:26:39:
I would not finance another person doing a rehab on my property.You should sell the property as is, for cash, the same way you bought it. You bought it below market and took the risk that there are no major problems. You do not want the hassle of dealing with a buyer that cannot handle higher than expected rehab costs. The highest profit in doing rehabs is usually when you do the work yourself and sell with owner financing or lease option at a higher than market price.