Mon, 09/26/2022 - 12:17|World
Four reasons why renovating flips frequently fail
Just to be clear, "flipping" is the practice of buying a house and then selling it quickly for a profit, usually after making improvements to increase its value. Particularly at this later point of the real estate cycle, it is a speculative approach that is not advised. The main problems with this tactic are: Holding and Transaction Fees When you factor in the high transaction and holding expenses like stamp duty, selling fees, and interest repayments (keep in mind that your home will be vacant while you repair it), you
