Have you been considering a fix-and-flip property? Do you have questions? Well you’re in the right place. I’m here to tackle some of the most common questions I get about this real estate strategy. Let me know if you have others I 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. For example, research the area, study sold prices, and get a feel for what buyers are looking for. Also, 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: I’m so glad that you asked! All you need to do is send me a message. I love helping new investors purchase their first investment properties. Reach out and let me pull some properties for you to review today!
Investor FAQ: Fix & Flip Properties
