Budgeting for “Whole-tale”

[Jesse Swagerty]

I’m a house flipper, but we’ve recently started using the whole-tale strategy, meaning we only clean the house and repair damage...no updates...then list below market.

I’m finding my project budget falling around $5/sf...I would never go this low if aiming to truly flip (my flip minimum is $10/sf)...but seeing as many house buyers, rental buyers, investors, etc may appreciate the cost savings (which also affords them the ability to do their own updates)...I feel it’s a valid strategy.

Just wondering if anyone else uses this and if so, is there a minimum budget you set for yourselves.