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> Flippers should provide renovation/real-estate as a service That's a general contractor, not a flipper. The key difference is who takes on the risk: if I hir
by jefftk 4y ago
> Flippers should provide renovation/real-estate as a service
That's a general contractor, not a flipper. The key difference is who takes on the risk: if I hire a general contractor and they turn out to be not very good at their job, that's my problem.
- _8j50 4y agoExactly, what I am suggesting is current flippers will guarantee a sale price to the seller, renovate and how much of the profit above the sale price they take is a matter of market/negotiation. They still take on the risk and work on multiple houses they just now have a seller pestering them to sell soon instead of hoard houses until price is high enough.