With the current increase in home prices there have been an influx of “investors” (corporations, many with real estate connections) buying up properties to make a quick profit! Flipping homes is a popular practice- and, when done right, buying a flipped home can be a good investment.
But not all flipped homes are created equal- and if you want your home purchase to be a good investment, you need to avoid cheap, poorly done flips.
So how, exactly, do you do that?
A recent article from realtor.com outlined telltale signs of a cheap flip, including:
Buying a flipped home that wasn’t property done can end up costing you significant time, money and frustration- so when you’re looking at potential homes, make sure to be on the lookout for these signs of a cheap flip.