Buying Fix & Flips

Investors Buying Fixups and Flips

Fix and flips work best when an investor can see the potential in making an ugly home beautiful.   The key is to buy it right and not to over improve the property.

  • Know what you can sell the property for, before you buy
  • Have a backup plan if you can’t flip it
  • Set up your holding entity or LLC before purchasing the property
  • Have cash or financing already approved
    • Have plenty of reserves to cover carrying costs for
      • Financing costs
      • Utility costs
      • Repairs costs-  unexpected  repairs can reduce your profit
      • Have a crew lined up to start repairs
      • Estimate what it will cost to remodel up front
      • Know how long it will take to remodel
      • Inspect the home- see the inside
      • Buy in areas that you know
      • Partner with an experienced investor if you are inexperienced
      • Work with experienced Real Estate Professional

To have access to the largest database of distressed properties, bank owned, foreclosures, short sales, trustee sales, or foreclosure auctions contact Carol at carollainhomes@gmail.com or 602-418-0310.