Fix-and-flip investing involves buying a property at a discount, renovating it, and selling it for a profit. These properties are often in disrepair due to abandonment or neglect. Investors use strategies like the 70% rule—spending no more than 70% of the after-repair value (ARV) minus renovation costs—to ensure profitability, aiming for a 10-20% return. Private money fix and flip loans are typically short-term and designed for purchasing and renovating properties to sell quickly.
