Estimating Costs Critical in Buy, Fix, and Flip Real Estate Investing

n my last article, I talked about the two most popular real estate investment strategies. Last time we covered buy, rent, and hold; this article will focus on buy, fix, and flip.

Depending on the degree of distress, a home’s fix-up costs can be elevated, requiring additional skill in managing the renovations. AP photo/Jim Mone

In my last article, I talked about the two most popular real estate investment strategies. Last time we covered buy, rent, and hold; this article will focus on buy, fix, and flip.

Buy, fix, and flip is a strategy that can be very profitable or very expensive—depending on how it turns out. The other thing about this strategy is it doesn’t take as long as the other strategies. These types of projects can be completed in as little as three to six months if done properly.