Drawbacks associated with fix and flip property strategy

[Augusta]

When it comes to investing in real estate the investors tend to adopt different investing strategies to make their investment as profitable as it can be. you need to find the one that will be convenient for you to use.

One of such investment strategy that csn br adopted is the fix abs flip property strategy. This is when the investor strategies will be all about buying a property for resale but the strategy has its drawbacks. So you need to check them out before you go ahead with it

Some are the drawbacks are:

No building of Assets

With the idea of fix and flip the investor is at risk of losing the properties. So it is all about flipping them all off So you wouldn't have any asset with this strategy.

Payment of property tax

With the idea of fix abd flip you would need to fix the property and wait for a buyer with the right price to show up , of course during that period of wait you would have to pay on the property. So this still cost you more on the property.

At the Mercy of contractors

you would be left at the mercy of the contractors as they are the one ti fix the home. So you would have to finish everything about the property at their own pace and price