We’ve all watched the before and after transformations of Fix & Flips on popular home improvement channels, however, it may not be as easy as it looks on TV.
The element of risk is slightly higher when considering investing in Fix & Flips on your own because the math behind it requires a more accurate estimate of how much repairs will cost and the time needed to complete them. For a successful Fix & Flip, there a few key factors to consider; invest in areas that have high demand and understand the entire process from acquiring the home, estimating repairs, the time needed to complete all projects, and how you plan to list the home on the market once it is ready to sell.
Most experts suggest if you are new to Real Estate investing to work with an experienced partner to help navigate the system. You need someone who can provide you with a comprehensive estimate and someone who can manage the project from start to finish. The longer you hold onto the property, the less money you make, so you’ll want to be sure to stay on your timeline and within your budget.
For nearly twenty years Offero Home Buyers has worked with investors of all sizes, to create successful Fix & Flip opportunities. If are looking to start investing in Fix & Flips, we have the expertise you are looking for. We find the property, generate a comprehensive report including the estimated rehab budget, and have our team of contractors complete the projects. All you do is provide the capital and we handle the rest!
Since we primarily invest in properties that are in areas that have a high demand we can typically flip a home and collect returns in roughly 120 days or less. We can bring a quarterly return on investment to our partners of up to 30%, this is far better than a typical return on the market of 6-7% annually depending on how aggressive you are.
Like all investment decisions, the best real estate investments are the ones that best serve you, the investor.