A real estate rehabber is one specimen that can be dissected without the aid of a high-tech laboratory. One only needs to apply keen observation mixed with an open mind and an eager desire to know what goes on inside the mind of such investor. But just what is the anatomy of a businessman who engages in this type of real estate investing? Surely there’s more logic behind the hype on rehabbing houses. And there is. Ready your mental scalpel, reader.
A rehabber is simply someone who buys old houses and turns them into new homes. Looking at how this business performs under current market conditions, it’s safe to say that profit is one of the main motivators for these investors. But to say his business is easy is probably inaccurate. Looking at his rough palms, you’ll know that he works hard for this profit. A rehab investor sometimes does the house repair and improvement himself. If not, he still works to find houses and sell houses.
A rehab investor has a different set of eyes. To his eyes, a cheap, rundown house surrounded by prettier properties appears like a golden chest waiting to be opened. This specimen sees boarded up properties as opportunities. What he likes seeing in a prospect investment property is overgrown lawn. His eyes also shine with the sight of other signs of obvious neglect – mailbox vomiting with parcels and paint chipping off. Once these images are sent to his brain, they are automatically converted into the positive: he wants to apply a fresh coat of paint on the walls, trim the lawn, and relieve that poor mailbox of its queasiness.
Examining his heart, it appears to be in a prime shape. A rehabber is probably happy with his business and is optimistic in life. Who wouldn’t be happy with five-figure pay checks in their pocket every few weeks or so? He probably sets aside some of his profits for family vacations and leisure as reward for his hard work. With a heart this good, he is probably a good social being as well. He builds good rapport with people he works with – contractors, inspectors, lawyers, sellers, buyer, and lenders, among others. He knows that he could work with these people in the future and it’s better to leave them a good impression.
Looking at his leg muscles, you can tell he acts quickly. He acts fast, whether it’s an opportunity to earn or learn. He will now stand, go to his computer, and visit Rehab-Real-Estate.com, his daily source of everything about rehabbing and real estate investing.
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