Fix & Flip Frequently Asked Questions
Q: Where are the best areas to buy fixer uppers?
A: Mostly you will find the more mature neighborhoods have more homes that need updating or improving.
Q: How much profit should I expect?
A: Our investors should expect 25% minimum profit based on the purchase price.
Q: What is the best price range for quick resale?
A: At the moment the Sacramento County market would be $190,000, with $130,000 as a low and $285,000 as a higher. Some pocket neighborhoods and surrounding area have remodel project that are priced much higher.
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Q: What is the average budget?
A: $10,000.00-$40,000.00 for a smaller remodel budget of projects you purchase between $75,000 to $150,000. Of course remodeling costs depend on the size of the project.
Q. How long will it take?
A: Smaller projects take from 1 to 4 weeks. Rest assured that for larger project our crews work quickly to get the project complete according to schedules that the investor has been shown and approved.
Q: How long does it take to sell once it's complete?
A: At present the inventory for Sacramento County is at 3 months, which means if you priced it right, it should sell within 1-3 months. If you are going to sell a multi-family property after remodel we recommend that you hold until you it is fully rented. At that point you will get the maximum price.
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