The concept of “fix and flip”, often simply referred to as “flipping” properties in German-speaking countries, is a long-established and popular strategy in the real estate sector in the USA. The core of this approach is the acquisition of properties in need of renovation, which are increased in value through targeted upgrading and beautification measures. The focus here is on achieving a short-term profit, which is realized through the difference between the purchase price, renovation costs and the final sale price.
The process requires an in-depth understanding of the real estate market, as well as knowledge in the areas of renovation, building law and financing. Successful flipping also requires a good network of tradesmen, architects and, last but not least, potential buyers.
Especially the short-term profit that can be made from such projects makes them particularly attractive, but they also involve risks. Market changes, unexpected renovation costs or resale difficulties can affect profitability. Careful planning and execution is therefore essential for success in this business segment. Fix and flip consulting can provide valuable support by helping investors to identify the right properties, plan the renovation efficiently and position the property successfully on the market.