Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply

How to custom renovate
I am mid-way into a reno flip when a buyer states they want to purchase the property at asking but they want to pick the finishes? I did lower the purchase for them to take the house As-Is and they could finish it but they didn't take that.
How do you structure this?
What do I need to do to protect myself?
I am not even sure this is a good idea. This my first flip and I do not have a lot of cushion in my budget.
Thanks
Most Popular Reply

Unless what they want is pretty much generic, and what sells well in your area, you need to get their custom specifications down in a written contract, and get non refundable money from them.