Real estate “Lux” fix and flip, what is it?

red and brown floral stair carpet

In this article:

Table of Contents

What is a "Lux" Fix and Flip

Location mixed with potential!

The standard fix and flip is a great way to improve a distressed property and improve its resale value. A great way to get started real estate investing is start smaller with lower cost fix and flips, often focusing around lower cost homes or properties in lower prosperity areas. The advantage lies in being able to increase the cost and rehab a property that may fall to pieces without fear of breaking the bank. You can find more information HERE (Link to Fix And Flip Article)

A luxury fix and flip is expanding on this idea by focusing on a higher tier market.

Often you can find an older home, or a destressed property mixed in with the modern Mc-mansions or in more affluent neighborhoods. This property may be smaller or just in need of some TLC but the location is often be what drives up its value. Sometimes a simple addition or adding an additional level to a property can make it worth two to three times what you paid! The goal is finding the lowest quality smallest house in the rich part of town, and make it on par with the rest of the neighborhood around it.

Why these properties exist

Sometimes these can be homes owned by an elderly couple who are content with what they have, regardless of the surrounds changing over the course of their home ownership. The great part about this, is you often with just a little more work, you can add an extra zero or two to your profit!

Put your REI Leads on Autopilot

REI Lead List & Direct Marketing Templates

DIY Marketing Templates for Direct Mail, Email, Facebook, and/or Google Ads So you have your marketing methods ready to go but need guidance and help designing your ads? This package provides you with 3 Email

5,000 Leads

Get a targeted Real Estate Investor lead list used for direct mail, cold calling, email marketing, and other direct marketing channels. You will be receiving a target Real Estate Investor Lead List focused on your

other Resources

man talking picture while smiling
Growing your wealth via Real Estate

Real estate investing as your investment strategy Real estate investing can be a lucrative and fulfilling way to grow your wealth and generate passive income. But as with any investment, it’s important to do your

modern building against sky
What is a multi-family property and its benefits?

Why Multi-families are worth it Multifamily Properties, Can Help You Earn Multiple Sources Of Income! Multi-family properties can be hard to come by, especially in a competitive market such as a big city or an

person writing on notebook
What to expect when marketing directly to sellers.

What to expect when marketing directly to sellers Expect competition. Be consistent. Don’t give up early. Conversion = timing + opportunity. You’ll deal with angry and upset people, sad people, desperate people, and everything in