Flip without doing any work?

[David Robertson]

There is a house that is up for auction that does not need much of any work. I think the house might go for $130k. I was told by the agent that she would list the house as-is at $189k. I ran some comparables and I think conservatively I might be able to sell it at $170k without any repairs, and $180-$190+ with some bathroom remodels and minor cosmetic repairs.

I'm curious, has anyone ever bought a house, done little to no work, and immediately put it right back on the market?

It sounds similar to a wholesale strategy, but I am not trying to reassign the contract to an investor, but sell the property to an owner occupant.

Any thoughts?

Thansk.