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Sheri Kuntz

Zillow Local Expert in:

  • 46176

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Premier Agent

Realtor, Broker Associate, SFR (10 years experience)

42 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (1 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

Is it a good idea to buy houses and fix them and resell again to make profit?

Answer

Buying low to remodel and flip is a great idea, but only if you do your homework.  Make sure you know what the average resale price is in the neighborhood your considering before you buy it.  In order to make a profit, it has to be purchased at the right price, and I'm sure you know this, but you should always build in a slush fund, in case you run into unforeseen issues that eat up some of your budget. Check your local rules for flipping, in case there is a minimum timeframe before you can resale. 

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