Check out this Santa Maria, CA fix & flip from one of our experienced investment partners. They did a great job with the remodel, but more impressively, they turned it around in 60 days. They made smart improvements, priced the property right, and executed their plan to perfection. There are many lessons that can be learned from this investment, but we wanted to take a moment to point out a few of our key takeaways and tips:
– Focus on high-impact improvements that add value without overspending and don’t require too many specialized trades. Keep it simple…
– Minimize holding time by working efficiently with contractors and suppliers who you are familiar with. You do not need to over-design the renovation, stick to familiar finishes so that you can scale your business.
– Price competitively based on market analysis to attract potential buyers. With more data at their finger tips and interest rates near recent highs, buyers & agents are more knowledgable about prices and they are more sensitive to overpriced properties. Your buyer pool is limited, and most of your visibility and traffic is in you first 10 days on the market….make the most of it.
At Lantzman Lending there are few ways we can help you build efficient & scalable flipping business.
- Fast approvals w/ no appraisal and quick closings
- Cost effective and efficient renovation draws for fund control with no physical inspections or draw fees, and next day draws after request
- Responsive and knowledgable staff that are there when you need us…
Let’s talk about you next investment (858) 720-0229