Fix-and-Flip Strategy
In this strategy, one buys a run-down property. Then renovates it and sells it at a higher price to earn a large profit in a short amount of time.
Pros -
- Profit Potential: This strategy has an immense potential for profits which is off the charts. When done correctly, one can easily expect a 50% ROI.
- Active Involvement: Some people prefer to be actively involved in each and every step of the development of the project and this strategy provides the best opportunity for the same.