So I have started working with a great contractor in the Cleveland Ohio area and teamed up to bring great deals to any investors looking for one.
These deals are a little different to regular wholesaling and work as follows:
1. We find the property and present the numbers to you.
2. If you're happy with the numbers you enter a tripartite agreement with myself and my contracting team. You purchase the property and we rehab the house to an agreed ARV.
3. You provide up front 30% of rehab cost to begin rehab and for materials.
4. At 60% completion of rehab you provide an additional 30% rehab cost.
5. At 100%, you pay remaining rehab cost and consultation fee.You end up with a high quality property that you can rent for a great price or sell at the agreed ARV.