My first rehab client was a partnership of two men who were really "hands-on," doing most of the work themselves. After a few successful deals, they split because one wanted to be hands-on, and the other wanted to have a crew and do a larger volume.
The hands-on guy bought a house in Waldo and, on the first workday, had a dumpster delivered and was cleaning out the house when “Steve” approached him on the site, said he had been trying to buy the house and offered my client $10,000.00 more than my client had paid. My client called and asked me if I could finance “Steve,” which I did.
This is the first time I ever made two loans (and collected two loan fees) on the same house.
I would like to do more of this…