Flip with no value add

[Kate J.]

Hi, each time I resell something I have a lot of questions on what have been improved in the property. Sometimes I have done very little to it, and feel a guilt of inflated price. Did you ever have a flip with no value adding needed or a very minimal upgrade? How did your sell go afterwords? Did it reach the market price or the buyer was pushing hard for every penny? In my cases, MLS contained previous photos from the foreclosure sale and it was clear what have been done to the property.

[Aaron H.]

In my opinion, the only strategy is honesty. If you didn't do much, you didn't much. Stop feeling guilty about it - if you got a property with minimal rehab needs for a great price, good for you. Your resale value should be based on the market price and a solid understanding of the comps. If it's priced in line with the comps, you should be able to find a buyer at or near market price, no matter what you purchased it for.