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FIX N FLIP

Fix and flip real estate involves purchasing a property that needs renovation and has potential, below market value.

Fix-and-flip real estate involves purchasing a property, renovating or improving it, and then selling it for a profit. Investors typically seek distressed properties, such as foreclosures or homes in disrepair, that can be bought at a lower price. The goal is to add value through renovations and repairs, thereby increasing the property's market value. The process requires a good understanding of the local real estate market, access to reliable contractors, and effective project management to stay within budget and timelines. Successful fix-and-flip projects can yield significant returns, but they also carry risks such as unforeseen expenses, market fluctuations, and potential delays in selling the property.

 

Michael has expertly managed over 100 renovation projects, encompassing fix-and-flip, fix-and-hold, major renovations, large additions, and new home construction. With established relationships with a network of contractors - from foundation work to roof replacement and everything in between - Michael is your go-to professional for all your real estate needs.

Forkas Home Team
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MICHAEL FORKAS | CA DRE# 01730105

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Led by Michael Forkas, a seasoned real estate developer, Forkas Home Team offers a client-centric approach. Their innovative strategies and focus on client satisfaction set them apart. They guarantee to sell your home within a set timeframe and price, or they will buy it themselves at an agreed price.

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