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Updated about 8 years ago on . Most recent reply

User Stats

44
Posts
33
Votes
Luke Weber
  • Investor
  • Las Vegas, NV
33
Votes |
44
Posts

Not just the uglies, you can flip pretty houses too!

Luke Weber
  • Investor
  • Las Vegas, NV
Posted

I know so many investors get hung up on looking for the ugliest houses on the block, but many times there are houses on that same street that are in good condition and still need to sell.  About 1 out of 5 of my flips is in decent shape.  I could probably just do a clean up and put it right back on the market after I buy it.  I like to maximize profit so I typically still do paint, carpet, fixtures, etc.  A light lipstick remodel to get that top dollar.

I just want all of you to broaden your vision as I know many people think they are looking for the ugliest house, but can't get a deal on it so they never even do a deal.  It's all about the numbers when you get down to it and any property can be a good flip if you get it at the right price.

Happy hunting!

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