Our biggest savings of the year
Fix-and-Flip Pros
Value Proposition
Fix-and-Flip Pros offers quality, remodeled residential properties to homebuyers. By revitalizing underperforming properties, we provide move-in-ready homes that combine modern comfort with unique, existing architectural features.
The Problem
In many areas, the housing market has a significant amount of outdated or neglected properties. For many potential homebuyers, the prospect of renovating these properties themselves is daunting, both in terms of time and cost.
The Solution
Fix-and-Flip Pros addresses this problem by purchasing underperforming properties, conducting high-quality renovations, and then selling these homes to buyers who desire move-in-ready properties.
Target Market
Our primary target market is the pool of homebuyers who are looking for quality, renovated, move-in-ready homes. This includes first-time buyers, people relocating, and investors looking for rental properties.
Competitors & Differentiation
Current Alternatives
- Other fix-and-flip property developers
- New construction homes
- Private sellers offering as-is properties
Why Us?
Fix-and-Flip Pros stands out due to our focus on quality renovations and excellent customer service. We provide transparency in our renovation process, ensuring potential buyers are aware of the improvements made, and we strive to retain the unique character of each property.
Funding Needs
Funding needs are based on the initial acquisition of properties for renovation, renovation costs, carrying costs, and marketing expenses. The exact figures will depend on the number and type of properties targeted.
Sales Channels
- Real Estate Agencies
- Online Real Estate Marketplaces
- Open House Events
- Networking with Local Realtors
Marketing Activities
- Professional Staging and Photography
- Online Property Listings
- Social Media Campaigns
- Real Estate Networking Events
Financial Projections
The following figures are based on the assumption of acquiring, renovating, and selling five properties in the first year, with an average purchase price of $150,000, average renovation costs of $50,000 per property, and an average sale price of $250,000.
Revenue
2023: $1,250,000 (5 properties sold at an average sale price of $250,000)
2024: $1,375,000 (assuming a 10% increase in sale price)
2025: $1,512,500 (assuming a 10% increase in sale price)
Expenses/Costs
2023: $1,000,000 (5 properties purchased and renovated, $150,000 purchase price + $50,000 renovation per property)
2024: $1,100,000 (assuming a 10% increase in purchase and renovation costs)
2025: $1,210,000 (assuming a 10% increase in purchase and renovation costs)
Profit
2023: $250,000
2024: $275,000
2025: $302,500
Milestones
- Establish business entity and obtain necessary permits and licenses
- Identify and purchase first property
- Complete first renovation project
- Sell first renovated property
- Identify and implement improvements for future flips based on the experience from the first flip
- Establish relationships with key contractors and real estate professionals
Team and Key Roles
Owner/Operator
Oversees operations, including property acquisition, renovation plans, and sales strategies.
Project Manager
Coordinates renovation projects, liaises with contractors, and ensures projects stay on schedule and budget.
Real Estate Agent
Handles the marketing and sale of the properties, provides market insight, and identifies potential properties for future flips.
Partnerships & Resources
The purpose of these partnerships is to ensure the success of the fix-and-flip business while supporting local businesses and contributing to community revitalization.
Local Contractors
Working with reliable, local contractors ensures quality workmanship, timely renovations, and supports local business.
Real Estate Agents
Developing strong relationships with real estate agents provides access to potential properties and buyers, as well as valuable market insights.
Local Suppliers
Sourcing materials from local suppliers contributes to the local economy, can speed up renovation timelines, and can often provide cost savings.
Financial Institutions
Building relationships with local banks or other financial institutions can assist in securing necessary funding for property acquisition and renovation costs.
