Flipping Houses:
You’ve likely seen television programs in which investors purchase an old property, fix it up, and sell it for a profit in a week or two. House flipping seems seamless when you watch it on television, but in real life, it’s a calculated endeavor that requires know-how, planning, and work.

At Stratton Oak Investments, we are professionals at finding dispositions and turning them into fresh, move-in-condition residential property. But how, exactly, does flipping a house work? Let’s venture behind the scenes and see how we value and invigorate both individual homes and communities.

Step 1: Getting The Property For Your Needs
Not every property is a good flip property. A basic flipping property starts with a purchase at a fair price. We go after properties that are a lot of work but in a good growth area — can be outdated, in terrible shape, or in an up-and-coming neighborhood.

We usually purchase from property owners who need to sell quickly, for whatever reason: financial distress, inherited property, relocation, etc. They sell to us, cash, as-is, and on a short closing timetable, instead of going the traditional real estate route.

Step 2: Considering & Making an Offer
Once we have identified the property, we perform due diligence. We evaluate the home’s condition, the cost of needed repairs, and its “after-repair value,” or ARV — the price it’s likely to sell for once fully renovated.

We make a strong cash offer to the owner after our analysis. Unlike traditional buyers, there are no inspections, appraisals, and financing approval requirements, so we can close quickly and without issues.

Stage 3: Revamping & Restructuring
After that purchase, comes working through renovations. That is when some real magic happens. Every home is different, but the renovations we will most commonly have an offer:

Structural Repairs — Roofing, pipes, electrical work, foundations, in an effort to make the home safe and liveable.

Contemporary Enhancements – Kitchen and bathroom renovation, updated flooring, and styles and trends to replace outdated looks

Some great additions to your property are exterior paint, fresh landscaping, and inviting outside improvements

Our renovations are handled by experienced contractors who execute each project on time and are always up to par and at a budget price.

Step 4: Selling the Home
The property can then be refurbished and put back on the market. Based on location and demand, we’re able to:

List the property with a real estate agent for traditional buyers

Selling to a Buyer looking to purchase a rental property

House flipping is not just about turning a profit; it creates value in communities by turning rundown buildings into lovely homes. For us, flipping a house means:

The program is designed to achieve the following goals, improve neighborhoods by demolishing blighted and vacant buildings, provide homeowners with a speedy, transparent option to a traditional marketplace sale, for homeowners looking to quickly sell without making repairs, partnering with a house-flipping company like Stratton Oak Investments can be a win-win solution.

House flipping could work for you if you want to sell your home quickly, avoid expensive repairs, or just move on without the headaches of traditional home sales. Working with a house flipper may be the right option for you. At Stratton Oak Investments, we help you buy your property in any condition with our fast and easy cash purchase. Selling? Contact us today for a no-muss, no-fuss, no-obligation quote. We would love to assist!