Fix-and-flip is the strategy of purchasing a property, renovating it, then selling it at a profit. Investors typically buy a property at a discount because of its condition. ... After the investors fix up the property, the next step is to sell it as quickly as possible and at as much of a profit as possible.
The Scenario
An investor came to Rebuilt looking to:
Buy a House Below Market Value
Fix It UP
Sell it to a traditional buyer
Use Profit to: a) Invest in another property with Rebuilt b) Save it for next business venture c) Spend the fruits of your labor!
Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.
The Results
After the investing $27,000 in renovations, the investor received an ROI of 26% for a total profit of $73,000.
$175,000
Purchase Price
$27,000
Renovation Budget
$275,000
Sold on Market
$73,000
Profit
Before and After Images
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