Rehab a Property
What is a Real Estate Rehab?
Rehabbing properties has become a popular exit strategy in the real estate community. A real estate rehab occurs when an investor purchases a property, completes the renovations needed for improvement, and sells it for profit. Rehabbing property can be approached in multiple ways, but the properties are most often purchased at a reduced price and renovated with the objective to resell. This practice is also known as house flipping. Rehabbing is a real estate investing exit strategy that can lead to high profit margins. Property owners also use rehabbing to renovate their own homes for personal use or to increase their property value.