Single-family residence fix & flip Hamptons NY

[Ben Hedvat]

Investment Info:

Single-family residence fix & flip investment.

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

What made you interested in investing in this type of deal?

The Hamptons is one of the most desirable real estate markets in the U.S., known for its upscale appeal and strong demand for vacation homes.
Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.

he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

How did you find this deal and how did you negotiate it?

I found this deal as an off-market property through my local network in the Hamptons. I’ve built strong relationships with agents, contractors, and other investors in the area, and one of my contacts informed me that the owner was considering selling but hadn’t listed the property yet. The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.

To negotiate the deal, I started by understanding the seller’s priorities. They were looking

How did you add value to the deal?

I focused on high-impact renovations that aligned with the expectations of Hamptons buyers. This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel

Lessons learned? Challenges?

Understanding the preferences of the Hamptons luxury market is essential. Buyers expect premium finishes, so skimping on quality can hurt resale potential. Investing in features like high-end appliances and modern designs yielded a higher ROI.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I prefer to source all my deals off-market, which allows me to find properties with less competition and negotiate directly with motivated sellers. While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.