Doing the Property Flip – Part 2

Doing the Property Flip – Part 2 | Mendy Lipsker

{3:00 minutes to read} My last blog discussed “flipping” a property, a popular way to invest which allows you to create profit and cash flow in a reasonably short time. We talked about acquiring the property and financing in Part 1 of this series.

In Part 2, we are going to touch on two other aspects of “flipping,” renovation of the property and making a profit.

Renovating

Sometimes a property can be sold as is and still make a profit. However, if the property is going to need work, you will want to know how much work it needs and what it will cost. Getting an estimate on the renovation work is an important part of the process. If the renovation required is going to substantially reduce your profit, you may want to bypass that property.

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