{"id":916,"date":"2022-04-28T15:44:00","date_gmt":"2022-04-28T15:44:00","guid":{"rendered":"https:\/\/www.lendmarq.com\/?p=916"},"modified":"2023-12-14T18:32:11","modified_gmt":"2023-12-14T18:32:11","slug":"is-a-fix-and-flip-a-good-investment-find-out-here","status":"publish","type":"post","link":"https:\/\/www.lendmarq.com\/is-a-fix-and-flip-a-good-investment-find-out-here\/","title":{"rendered":"Is a Fix and Flip a good investment? Find out here!"},"content":{"rendered":"\n<p>Investing in real estate can be a lucrative career, but if you\u2019re just getting started, there&#8217;s also a strong learning curve. The television shows make real estate investment and fix and flip houses look pretty easy. Sure, there\u2019s always a bit of drama on the show, such as unexpected repairs. But by the end, all the problems are resolved, and the investors have made a pretty penny on the house-flip project.<\/p>\n\n\n\n<p>Unfortunately, a 30-minute television show isn&#8217;t the definition of reality. There\u2019s much more to consider with a fix and flip before deciding if it\u2019s the right investment to make. Even if you\u2019re an experienced real estate investor, you might not have done much fix and flip investing yet. If that\u2019s you, keep reading to find out if you should add a fix and flip to your real estate portfolio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is a Fix and Flip?<\/strong><\/h2>\n\n\n\n<p>A fix and flip is fairly self-explanatory \u2014 you purchase a house that needs cosmetic or structural repairs (or both), fix it up, and then sell it for a profit. To make the most profit with a fix and flip, you\u2019ll need to judge the cost of repairs and other associated costs as accurately as possible. Then sell the house as quickly as possible at the highest price you can get.<\/p>\n\n\n\n<p>This will ensure you&#8217;re paying off the mortgage or other investment loan, as well as related costs, such as utilities or HOA fees. Ultimately, the goal is to purchase a fixer-upper that can be repaired in a manner that makes it highly desirable in the location and market, increasing the chances for a strong profit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pros and Cons of a Fix and Flip<\/strong><\/h2>\n\n\n\n<p>To help you decide whether a fix and flip is a good investment, consider the following pros and cons.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pros<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Demand for Real Estate is High<\/strong><\/h3>\n\n\n\n<p>In much of the country, there is currently a <a href=\"https:\/\/www.realtor.com\/research\/topics\/housing-demand\/\">high demand for real estate<\/a>. That means you stand a good chance of <a href=\"https:\/\/www.lendmarq.com\/blog\/time-is-moneyfix-and-flip-investments\">turning a profit quickly<\/a> on a fix and flip, assuming there aren\u2019t a multitude of unexpected expenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Potential for a High Profit<\/strong><\/h3>\n\n\n\n<p>Again, assuming you&#8217;ve estimated your repair costs pretty accurately, and you have a good handle on the local market, you can make a strong profit on a fix and flip. A higher than normal profit can also be achieved when the demand for housing is strong.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Improve Your Real Estate Network of Professionals<\/strong><\/h3>\n\n\n\n<p>The more properties you work on, the more potential you have to grow your network of professional contacts. This will be a valuable asset with future real estate investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Cons<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fixer-uppers Cost More Than They Used To<\/strong><\/h3>\n\n\n\n<p>Prices are rising quickly all over, which means even fixer-uppers are commanding high prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Increased Competition from Other Investors<\/strong><\/h3>\n\n\n\n<p>Because there is such a high demand for real estate, many investors are also seeking to up their game and purchase more fix and flips. The <a href=\"https:\/\/apnews.com\/article\/lifestyle-business-prices-real-estate-residential-real-estate-63ef722fdbd03936e1c2a0936662d5ae\">increasing competition<\/a> makes it tougher to get the property you want.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Less Inventory<\/strong><\/h3>\n\n\n\n<p>The high demand and more investors also mean less inventory on the market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Unexpected Costs<\/strong><\/h3>\n\n\n\n<p>The cost of repairs isn&#8217;t easily estimated during the initial inspection. As you begin work on a property, <a href=\"https:\/\/www.lendmarq.com\/blog\/8-common-fix-and-flip-mistakes\">more damages might be revealed<\/a>, and some can be quite costly. That can significantly diminish your profit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Make the Process Simpler with a Great Lender<\/strong><\/h2>\n\n\n\n<p>A major component of a successful fix and flip deal is the lender you&#8217;re working with. Many real estate investors choose to work with Lendmarq, a company led by experienced real estate finance professionals. with backgrounds in commercial mortgages, residential mortgages, structured finance, and special servicing. <a href=\"https:\/\/www.lendmarq.com\/\">Contact us today<\/a> to learn more about our fix and flip loan options.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fix and flip can be a great opportunity for real estate investment and a strong profit if the market conditions are right. Get the pros and cons!<\/p>\n","protected":false},"author":2,"featured_media":917,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is a Fix and Flip a good investment? 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