Dreaming of profiting from real estate but not ready for long-term rentals? Fix and flips deliver faster returns perfect for first-timers. Here’s why:
1. Short-Term Commitment: Unlike buying rentals, you flip the property in months rather than years. Ideal for testing without over-extending.
2. Learn Valuable Skills: Fixing properties builds renovation know-how and trains your eye for value. Prepares you for future investments.
3. Potentially Lucrative: Skillfully executed flips can yield profits between 20-30%. Out-earns many other investments for capital deployed.
4. Low Barrier to Entry: Flip financing is creatively structured around the deal rather than your credit or cash. Opens doors.
5. Flexible Scale: Start small with a single-family flip before moving to larger apartment fix and flips. Build at your pace.
With the right property and lending partners, fix and flips offer new investors major profit upside without lengthy commitments.