Luxury flipping is the renovation and resale of high-end properties, where both the capital at stake and the potential profit dwarf those of a standard flip.
Log in to followProperty is a 6,200 sq ft 1994 build on a golf course lot in the top submarket here. Listed 2.65M, been sitting 140 days, seller is an estate. My offer thinking is 2.35M, maybe 2.…
Halfway into a 5,400 sq ft luxury reno I'm managing as a partner rather than as the GC, and the millwork package just blew up. Architect's allowance was 95k for kitchen, butler's…
I've been doing this about five months, which is to say I've been reading. An operator I met through my agent is putting together a 4,900 sq ft dated luxury reno and offered me a…
I run a finish trades business, five years in now, mostly high-end interiors, and I've never structured anything like this. Sponsor is doing a 4.6M target flip, big renovation, a…
Bought a dated 1970s hillside house in a luxury pocket at 2.05M, put 640k into it, all-in with 9 months of carry sits at 2.87M. Under contract at 3.395M, financing contingency cle…
Project is a 1990s builder-luxury house in a strong high-end submarket, 4,600 square feet, target 4.1M. Purchase 2.44M, reno budgeted at 720k, currently trending 785k before this.…
Six mainstream flips behind me, purchase prices 300k to 600k, and I've hit the point where the returns per deal don't justify the hours. So I'm looking at a listing I keep going b…
Finished a 5,900 sq ft luxury flip in late spring. Bought at 2.6M, all in at 3.68M including a scope overrun I'd rather not relitigate. Listed at 4.45M on comps that supported 4.3…
Six months of building models, no deals yet, and I want to stop being wrong about this line before I write offers. Here's my monthly carry sheet on a hypothetical 2.6M purchase in…