Fix & Flip 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.