Considering a Fix-and-Flip Property?
Posted: September 08, 2021 by Jessica Wimberly
Considering a fix-and-flip property? Got questions? You’re in the right place. We are here to tackle some of the most common questions we get about this real estate strategy. Let us know if you have others we don’t touch on here.
Q: Is real estate still a good investment in 2021?
A: Real estate is a great investment. Why? It almost always appreciates over time. While there are occasional fluctuations, the rate of appreciation typically outpaces annual inflation.
Q: What is a fix and flip?
A: Fixing and flipping is when someone purchases a property, remodels it to add value and then lists it to sell. Think HGTV’s Flip or Flop.
Q: What’s the best way to find a fix and flip?
A: You’ll want to do your homework. Research the area, study sold prices, and get a feel for what buyers are looking for. Network with agents and attorneys who may be aware of properties in your area.
Q: What should I look for in a fix and flip house?
A: If it’s your first flip, look for a decent floor plan (nothing too quirky), a newer build, the right location, and easy value-add potential (new flooring, paint, appliances, yard work, etc.).
Q: What do I do if I want to learn more?
A: So glad you asked! All you need to do is reach out to use today. We love helping new investors purchase their first investment properties—plus, We know our area like the back of our hands. Reach out and let one of our experienced agents pull some properties for you to look over today!
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