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.
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.