Real estate is an ideal form of investment for many reasons. It’s a great way to diversify your investment portfolio and it offers great returns within reasonable time frames. The challenge that many face with investing centers around the actual process of selecting fix-and-flip properties, managing renovations, and marketing the finished home for sale. If you have an interest in investing in real estate but do not have experience with flipping homes, real estate investment partnerships are the solution.
Process of Flipping Philadelphia Properties
Home improvement shows make flipping properties appear quick and easy,… well, for the most part at least. In reality, the process is much more complicated. Selecting the right properties, creating a renovation plan/budget, managing contractors, and marketing for sale all require some knowledge and experience. Finding homes is the first major step, since not every property is suitable for a fix-and-flip. Knowing what to look for and accurately estimating costs is key. When it comes to renovations, selecting the right design, materials, and contractors are all critical decisions and steps. Lastly, a good marketing approach ensures that you will receive maximum market value for the home, and thus better return on investment. A misstep at any one of these stages can prove costly.
What Are Philadelphia Real Estate Investment Partnerships
Most investors want to profit from real estate, but they don’t necessarily want to get involved with the detailed process. This is where Philadelphia real estate investment partnerships come in. Through partnerships, you can provide the capital for projects while a team of professionals manage the actual execution of the fix-and-flip. The team sources properties using their established networking channels, estimates costs, develops renovation plans, selects contractors from their established relationships, and oversees the entire process. Once completed, you benefit from the returns.
Contact us to learn more about Philadelphia real estate investment partnerships. Our opportunities range from 6 months to 1 year for completion and average about 10% in returns to our investors. Leverage our experience with the fix-and-flip process to your advantage.