Re:Ask HN: Anyone else feels the commoditization of real est...
by badrabbit on Saturday August 13, 2022 @12:38PM
(#32451467)
That wouldn't be flipping just a side-effect of ownership. Flippers should provide renovation/real-estate as a service with the original owner maintaining ownership until the sale to someone else.
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Re:Ask HN: Anyone else feels the commoditization of real est...
by jefftk on Saturday August 13, 2022 @03:05PM
(#32452764)
> Flippers should provide renovation/real-estate as a service
That's a general contractor, not a flipper. The key difference is who takes on the risk: if I hire a general contractor and they turn out to be not very good at their job, that's my problem.
Re:Ask HN: Anyone else feels the commoditization of real est...
by badrabbit on Saturday August 13, 2022 @03:24PM
(#32452945)
Exactly, what I am suggesting is current flippers will guarantee a sale price to the seller, renovate and how much of the profit above the sale price they take is a matter of market/negotiation. They still take on the risk and work on multiple houses they just now have a seller pestering them to sell soon instead of hoard houses until price is high enough.