Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Flipping-lite? Strategy help for very light cosmetic fixers
Hello - We are currently working on two home renovations, which we’ll be holding. Nearly every week we bump into someone new that is impressed with what we’re doing design-wise and looking to buy a property like ours for themselves as a weekend/vacation home.
We’ve discovered quite a few other off-market prospective properties in the area with that kind of potential.
In order for them to be appealing to this specific market (city dwellers, deeper pockets, a specific design aesthetic), we could put in about $1k in cosmetic design-related improvements and about a week of work.
We're trying to connect the dots.
Are there alternatives to the traditional flipping route? Flipping seems like not the best fit because:
- Would like to avoid needing to put all cash down.
- Doing two closings, with the associated paperwork and costs (and taxes!) seems a bit overkill for something like this - we want to get in and out quickly - $1k in improvements, one week of time.
Unless I’m mistaken, wholesaling seems to be more of an investor-to-investor transaction. Moreover, the value we’re trying to capture here is two-fold (a) finding under-market properties (b) our unique ability to spruce things up, design-wise, so it appeals to a specific target market.
Is there anything between flipping and wholesaling? Flipping-lite? Suggestions on how you'd approach?