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Over-Financing: How to Get Paid Right When You Start a Rehab
Start from the beginning!
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This is part 4 of a multi-part series teaching you how to analyze a rehab property.
Ever heard of the phrase, 'buy a house, get a check?' This is what we refer to as the "overfi." It's always important to pad your pocket when you find a good deal.
If you plan on funding the acquisition and rehab of a home, it's very important to pay yourself for your efforts. Let me show you how we carved ourselves a payday on this latest acquisition by executing the overfi strategy.
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Chapters:
00:00 Intro
01:41 "Buy a House, Get a Check"
02:08 What is "overfi"?
02:29 Biggest mistake people make during rehabs
03:56 How over-financing works
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