Fix & Flip Strategy

The fix and flip strategy is probably the most recognizable of all the real estate investment strategies. You buy a property, renovate it and sell it. Simple. But, it’s all in the execution. If you don’t know what you’re doing this type of transaction can easily spiral out of control.

Crown Commercial Finance has recently entered a partnership to acquire, rehab and rent, or sell, single family homes in the Riverside and San Bernardino counties.

My partner in this venture is a licensed contractor and real estate broker with approximately 30 Fix/Flip and Rent properties under his belt. He also used to build new homes in the Orange, Riverside and San Bernardino Counties.

The program is very simple and inexpensive. One thing you should know. We buy these properties in an all cash transaction. In this way we can power through other potential buyers who have to obtain financing. We also save a lot of money in not having to pay any mortgage payment.

Here are the average numbers:

Acquisition Price:         $93,854
Rehab/Sales Costs:      $22,500
Cash Into Project:      $116,462
Sold Price:                 $162,245
Total Profit:                  $45,783
50% Partner Profit:       $22,891
50% Partner % Return: 21.31%

Project Duration from Acquisition to Sale averages 160 to 175 days

Fix & Flip Strategy