Anybody done a high-end Brooklyn Fix-n-Flip?

[Eric A.]

I'm wondering if anyone on the forum has experience performing a high-end fix-n-flip on a townhouse in Brooklyn. Hot neighborhoods like BedStuy and Bushwick are chock full of them, and I'm considering doing one myself on an off-market property I've stumbled upon. I'd love to hear pointers about how to estimate renovations, key features high end buyers look for, and what kind of returns folks are getting.

[Brandon Cohen]

@Eric A. I haven't personally though I have clients who have.  For starters in the kitchen spend the money on a stainless stove and fridge and spend less on the cabinets and countertops.  Buyers will be impressed even though the majority won't use it.  If there's a master bath, opt for a shower stall and put a tub in the second bathroom.  

There are too many quick flip jobs in BedStuy and Bushwick and serious buyers are getting to understand the difference.  If they don't the inspector will inform them.  Happy to answer any questions you have.