Fix & Flip Properties

I truly believe if you have the right mindset anyone can make a profit fixing and flipping local real estate. It does take careful planning and in my experience foreclosure properties are a great place to start. It does not necessarily mean the only properties available for a successful Fix & Flip are foreclosures but I do believe some of the best deals found are foreclosure properties. 

In the traditional sense most people believe a Fix & Flip involves buying, fixing, and selling in a short amount of time. If you are looking to create a business with Fix & Flip properties than it is only logical you may get stuck holding a property for a period of time and a back-up plan should be in place. In this case it helps to consider buying properties with two kitchens or the possibility of adding an additional kitchen.

A Fix & Flip property can very easily be an income property. If it isn't selling quickly a person can realize the most income from renting out a recently renovated home.Having two kitchens usually means more potential income and more renting options. One can even pay for renovation costs by renting out the property for a period of time and holding properties can also be a good strategy for retirement plans. We all know it can be easy to get “in” but finding a way “out” is always the hard part. Having an exit strategy should be a part of every real estate investors plan.

There is much to consider when attempting a Fix & Flip and I can help you every step of the way. Please contact me anytime to discuss any questions or concerns you may have.