Windy City Cash Buyers Buys Fix and Flip Houses For Sale
Flipping houses for profit is one of the fastest-growing real estate businesses in Cook County, IL. Known by many names such as rehabbing homes, renovations, handyman specials, and fixer-uppers, when you fix and flip a house for sale in Chicago your goal is to make money by rehabbing a home and selling it for a profit.
So, in today’s real estate market how do you afford to buy a house, rehab, and make a profit. Windy City Cash Buyers has a little guidance on making money when you fix and flip houses for sale in Chicago.
Buy a cheap house for sale: Sounds obvious, right? When you fix and flip a house, it is likely that your biggest expense will be in the house itself. So, the less you spend on a house for sale, the more you can put toward better improvements on the home or money you can make from the sale. Windy City Cash Buyers offers owner financed properties for sale that require only a little money down and have affordable payments. In fact, many of our Chicago houses for sale can be bought for the price of a new car and are often paid for in as little as four years. Buying distressed, abandoned, and vacant houses and properties for sale at low prices is a great way to start your fix and flip house business.
Know the real estate in your neighborhood
Windy City Cash Buyers specializes in Chicago’s southside and westside neighborhoods. One reason is that this is where you find historic homes in demand such as red-brick Chicago bungalows, 2-flat frame houses, and Greystones. These neighborhoods are also located near downtown Chicago and popular parks along Lake Michigan. Understanding the potential value of your home after flipping your house for profit is important to make a profit. After your fix and flip, you can highlight the local area, distance to popular attractions, and the benefit of living in established and emerging neighborhoods.
Create a fix and flip budget
One mistake we’ve seen in the past is a house flipper will purchase a cheap house for sale without a realistic fix and flip budget. Your budget should reflect the house you are interested in buying and your experience or budget to flip the house. For example, if you are a contractor and plan to do the work yourself, your budget may be lower than someone who needs to hire a contractor. Can you only afford to flip a house that needs cosmetic fixes, or are you going to gut the house and create a new floor plan?
Be smart about your house sale or purchase
Chicago house buyers are looking for historic appeal, but with a modern twist. While everyone enjoys finer things, should you really spend $75,000 on a kitchen when you are planning to sell the house for $300,000? Can you save money and improve appeal by adding smart energy-efficient features to your home? Don’t forget, you don’t need to spend a ton of money to make your fix or flip home look like it’s worth a lot of money.
Consult a Windy City Cash Buyers expert to sell your house
Windy City Cash Buyers has been selling houses for nearly forty years. Our real estate professionals are experts in Chicago area real estate and older homes, and we can provide valuable information, not only in buying a house but also in helping you find the right house for your goals. Have a question? Just ask.
Windy City Cash Buyers has owner financed fix and flip houses for sale in Chicago that rehabbers love. Our properties are easy to buy, and our real estate experts are friendly and informational. Looking for a fix and flip a house for sale in Chicago? Contact us today!