“We’ll address structural issues first, and then will redo things like the bathrooms and kitchens.”ģ: The investor will subtract their profit for the work involved in preparing and listing the home for sale. “The most expensive repairs involve the roof, HVAC, foundation and major plumbing issues,” Disney says. This calculation is based on the location and size of the home, as well as the average sales prices of similar homes in the area.Ģ: The estimated total repair costs are subtracted from the total.
“Once we take ownership of a property, our crews get to work so that we can get the property listed for sale or rent.”ġ: The investor researches and tours the property to calculate the estimated value of the house once it’s been fully repaired. According to Disney, there are no properties he won’t purchase - including those that have foundation issues or have been gutted by fire. What’s key to a flipper sale, is that the sellers typically have a home that needs substantial work that they either don’t have the money or the interest in repairing. “We’ll then set up an appointment to visit the property and make a cash offer.” “We take calls from people who want to sell a house directly for cash,” says Disney. A house flipper is a real estate investor that purchases properties, makes the needed repairs and renovations, and then lists the property for a profit.
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