The cosmetic flip is the lighter end of the renovation spectrum.
Log in to followI own a service business and I'm about to try one of these on my own. There are two things nobody will give me a clear answer on. First, the house will sit empty while we paint an…
I read the ATTOM number about typical gross returns falling to around 25 percent, lowest since 2008, and my first reaction was that 25 percent sounds enormous. My savings account…
I own rentals because I like things that keep working when I'm not looking at them. But the numbers on cosmetic flips keep showing up in my feed and the argument is that a 6 to 8…
Every explanation of the 70 percent rule says the same sentence: pay no more than 70 percent of ARV minus repairs. I can do that arithmetic. What I can't figure out is where the b…
Trades background, so I've been on plenty of flips as the guy doing the work and never as the guy signing anything. Now I'm reading the other side of it and something bugs me. The…
Five years into running my own service business, I've done work on plenty of flips without ever understanding the vocabulary the owners use on the phone. Everybody says ARV. After…
Still working out which strategy actually suits me and I'm suspicious of my own reasons for liking this one. The appeal is obvious: short project, no structural work, you see the…
Dated house, mid seventies, and the plan was paint, flooring, fixtures, light kitchen refresh. Nothing behind a wall. Then the electrician I brought in for can lights told me the…
I've been learning how private money moves and I want to understand the operator side before I ever fund anyone. If someone told me they were doing their first cosmetic flip, what…
If the whole scope is paint, flooring, fixtures, a vanity swap and landscaping, and no wall is opened and no system is replaced, is there any filing that happens at all? Or is it…
I mostly do land so treat me as an outsider on this. I ran a house near me as an exercise. ARV I'd defend is 325,000. Cosmetic scope, paint, floors, fixtures, kitchen refresh, cal…
The number I keep tripping over is the reported typical flip: buy near 260,000, resell near 325,000, gross profit around 65,000, gross return roughly 25 percent, described as the…
I ask the questions I'd have been embarrassed to ask out loud, so here's one with numbers. Underwriting a house where I pulled six comps in a half mile radius, all sold in the las…
Coming from a totally different career so forgive me. I read somewhere that a flip is cosmetic as long as you don't touch plumbing or electrical, and that if you don't open a wall…