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 followI've been reading loan documents and partnership agreements more than listings, and one split keeps showing up in this room that nobody seems to settle. Say someone has 700k of re…
I run property management, so operators call me when a luxury flip stops selling and starts costing. The question they ask is whether to put someone in the house while it waits fo…
I've been running thin-margin flips at 400k to 600k and I have about 900k of equity that could go one of two ways. A partner wants to put all of it into a single dated 3.4M house…
I sat in on a walkthrough of a 3.1M gut where the designer was on a percentage of construction cost and had sign-off authority over the GC's submittals. Two days later I read a sc…
Pre-listing a luxury flip before completion keeps coming up and the room seems genuinely split. The argument for going live at drywall is that you start the days-on-market clock w…
I'd rather do this without the usual chaos, so I've been reading the luxury flip threads here trying to find where the actual disagreement is, and I think it's this. When people s…