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Updated 28 days ago on . Most recent reply

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31
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Donyea Jenkins
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31
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Fix and Flip Questions

Donyea Jenkins
Posted

I am getting ready to get into flipping. My questions are in regards to ARV.

1) Would it be useful to consult an appraiser about what repairs should be done to get the max value BEFORE buying the property. More information, my niche is total rehab. My properties will be almost blank canvases. This would seem to make sense....would this be something to consider/do? 

2) Does it not matter if we are basically replacing everything(roof, electrical, plumbing, flooring...etc)? 

Appreciate any feedback

  • Donyea Jenkins
  • Most Popular Reply

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    Jaycee Greene
    • Real Estate Consultant
    • St. Louis MSA
    523
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    2,084
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    Jaycee Greene
    • Real Estate Consultant
    • St. Louis MSA
    Replied
    Quote from @Donyea Jenkins:

    I am getting ready to get into flipping. My questions are in regards to ARV.

    1) Would it be useful to consult an appraiser about what repairs should be done to get the max value BEFORE buying the property. More information, my niche is total rehab. My properties will be almost blank canvases. This would seem to make sense....would this be something to consider/do? 

    2) Does it not matter if we are basically replacing everything(roof, electrical, plumbing, flooring...etc)? 

    Appreciate any feedback

    @Donyea Jenkins I doubt an appraiser would have time to do this, but rather I'd suggest you find a GC that does the type of rehab you're planning. Not sure I understand your question in #2. 

  • Jaycee Greene
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