Yes , You Can Sell A Property Without Completing Renovations
Image by Darkmoon _ Art from Pixabay
By Lloyd Segal
Actually there are several exit strategies available to you that would avoid completing renovations . For example , you could flip the property “ as is ” without performing any repairs or renovations whatsoever . Or , you could complete only the repairs that are absolutely necessary and then sell the property . Or , finally , you could completely rehab the house and then flip it . Let ’ s explore each of these strategies separately .
1 . Wholesaling
If you enjoy the hunt for properties and are good at negotiating deals , you can make money without doing any repairs or renovations at all . Using this exit strategy , you simply track down a property , put it under contract , and then turn around and sell the contract (“ assign ”) to another investor for a profit . Once you establish yourself as a having contracts to flip , you ' ll have a ready source of flippers eager in taking wholesale properties off your hands .
And , you ’ ll spend very little , if any , of your own cash !
The process of finding properties and quickly reselling them to other flippers is called “ wholesaling .” The advantages of wholesaling are simple : 1 ) You don ' t have to spend time and money performing rehabbing the property ; 2 ) you ’ ll make money finding great deals for other flippers . The only disadvantages are that : 1 ) you won ' t make as much money on each deal ; and 2 ) you could find yourself owning a house that you can ' t find a flipper to buy .
If you enjoy the hunt for properties and are good at negotiating deals , you can make money without doing any repairs or renovations at all .
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