Making a fix and flip buy better.

[David A Spagna]

I'm fortunate to live in an area where it's still possible to make money at the buy but it is getting tougher. In other areas experienced flippers need to get a little more aggressive at the buy stage. When the bidding starts pushing you into the zone of (I think I should walk away) You need to start thinking footage. Additional living area, bedroom, bathroom or even a pantry off the kitchen. Of course this is where your knowledge of your market comes into play. Can it sustain those type of improvements and sell in a reasonable time frame with a price that fits. In my experience if you can give  more without spending to much more the prospective buyer will bite as they have most definitely previewed other homes in the area and that extra can get them to focus on you. Of course this isn't the end all be all but, It will keep you in the bidding a little longer and may even increase profits and reduce the amount of hunting.