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Investment Strategies
Buy below value, renovate with a plan, and resell. The profit is made on the way in.
What It Is
A flip is a home bought below its market value, renovated, and resold. The margin is decided before you close: the purchase price, the true renovation budget, and what finished homes nearby actually sell for.
Dustin is an investor himself, so he looks at a flip the way a lender does: the value after repairs, the holding costs while the work gets done, and the selling costs at the end.
How Dustin Helps
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Look for homes that need more than paint: dated kitchens and baths, deferred maintenance, estate sales. The best deals are the ones the average buyer walks past.
A rule of thumb many flippers use: pay no more than 70% of the after-repair value, minus the cost of repairs. It leaves room for holding costs, selling costs and profit. Treat it as a first filter, not a guarantee.
It depends on the scope and on contractor schedules. Cosmetic projects can take weeks; structural work, permits or additions take months. Build your holding costs around a realistic timeline.
Have a second plan before you buy. Many investors keep the property as a rental instead, which is how a flip becomes a BRRR.
Tell Dustin what you are looking for and where you are in the process. He will follow up by phone or email, usually with a few questions and a first look at what is available.