Flip without Fix

[Andy More]

To those of you out there that flip regularly, how often to you flip a property that does not require any renovation/rehab? 10% of the time? 20% 50%?

It seems from what I read that the majority of properties that are flipped require renovation first. It makes sense that without the detiorated condition then it would be difficult to purchase at a large discount since the pool of potential buyers would be much larger.

However, I just got my second flip under contract with a buyer and have yet to do any renovation. My first flip was a 7 unit apt. building and I made 68k and did no renovation. If I close this second flip without any further reduction in price then I will make 33k, also without any renovation.

Am I just getting lucky or do you guys regularly purchase property at a discount that requires no renovation?