Fix & Flip Investing
Many real estate investors make a good living through “fix and flips,” which is the process of buying a property (residential or commercial), fixing it up, and selling it for a profit.
To succeed with a fix and flip, you need to be knowledgeable about all aspects of the real estate deal before putting in an offer, including:
• are you buying the property for less than its appraised value
• how much investment (time and money) will be needed to get the property ready to be sold
• how much will you be able to sell the property for, in its new, remodeled condition
• how long will it take to sell the property
Here’s an example of how a fix and flip real estate investment could work: You could buy a foreclosure home for $100,000, invest three months of time and $20,000 into remodeling the house and bringing it up to “move-in” condition, then sell the house for $150,000.
If you like to work on remodeling projects and/or supervise laborers, fix and flip real estate investments might be right for you. To learn more about this type of real estate investing opportunity and others, check out this free webinar.
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