Rehabbing is the term used to describe the process of purchasing a property in disrepair (therefore at a discount), fix it up and sell it for a profit. In order to rehab a property you must be in a position to financially afford the complete process. That means having the funds to acquire the property, pay for materials and labor to repair, and also pay the holding costs (taxes, insurance, utilities) while the property is being repaired. Television today brings us Million Dollar Listing, Fix or Flop, First Time Flippers, Kitchen Crashers, Flipping Vegas, House Hunters and Fixer Upper to name a few. These shows are meant to take you behind the scenes of the rehab process in which individual or parties make a profit. The programs are obviously entertaining or there would not be so many…but be warned: you get what you pay for!