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We’re Not Looking to Repair Properties #shorts

22 Apr 2024 · 1 min

Watch on YouTube

0:39

In this YouTube short, two speakers outline a real‑estate investment approach that deliberately avoids purchasing properties that need repairs. Instead, they list such homes as “handyman specials,” passing the renovation work to buyers who can build equity themselves. They note that only 17‑20% of loan applicants are currently approved, highlighting a large pool of potential handyman‑type investors—spouses, partners, or individuals—who often lack documented income but are ideal candidates for rent‑to‑own arrangements. The speakers suggest targeting these rehab‑oriented buyers as a strategic market segment.

Chapters

We're not repairing properties. I would love for the heaviest thing that you carry to be your pet while you sign those agreements. So we're not going to be looking at deals that require fixing. If they do, we'll do it as a handyman special. So we'll put it on to the buyer so that way they can create equity in the deal as well.
And remember, you guys, we said that there's only 17 to 20% of the applicants are getting approved these days. Can you imagine how big the number is of the 1 in 2 person, handyman, whether spouse or partners, whatever, that just go out there and do rehabs, they don't tend to show a lot of their income. They are super good rent-to-own candidates.