The Fix-and-Flip Market Is Back

LOS ANGELES—Remote Rehabs has re-launched its fix-and-flip program in three new cities, thanks to the emerging single-family home market. The program will now focus in Phoenix, Indianapolis and Toledo, and is welcoming new investors, starting this month.

“If you look at the primary markets, there is less than a 30-day inventory, and that is because we have so many home buyers out there scratching and clawing to get a piece of property and trying to beat out investors,” Sensei Sean Gilliland of Black Belt Investors, the parent company behind Remote Rehabs, tells GlobeSt.com. “We have been targeting single-family residences because it is one of the easier products in real estate to move quickly. You have investors that can purchase these properties with cash; you have homebuyers that can purchase these properties with cash; and these properties are easier to finance. Overall, single-family appreciates better than commercial properties because commercial properties are based on cash flows and residential properties are based on comparable sales.”