Mursalin Habib
Don't get confused by the offer price from FlipSplit which may look slightly lower than market. Your agent or advisers or friends may only concentrate on that number, but do your calculation, what matters is what you get at the end, after all the costs/commissions/repairs. And FlipSplit shines here. There was no closing cost or commission associated with the price. So, you can easily add 6-7% on top of the price flipsplit offers, if you want to compare against other offer on the table (that is good $60000-$70000 for a 1M home). Then, there is FlipSplit bonus. They completed the renovation under budget, way before the predicted timeline. Because of their experience with renovation and marketing, they sold the property at higher price than any similar sized/type property in the neighborhood (It probably drew the highest per SFT price in the neighborhood in years for a similarly sized property). Which results in a handsome bonus after the end of the transaction (for us it was close to 5%). So, the take home proceed was very similar to what we would have gotten if we had sold this to you a regular buyer, but none of the stress, none of the risks, none of the hassle of repairing/renovation. On top of that if you have problematic tenant, they will handle them for you. We had a problematic tenant who was cooperating one day and another day was totally ghosting us. There was no way a regular transaction would have gone through as tenants were hindering inspections, appraisals and other activities. FlipSplit was one of the investor we found from facebook and was the perfect match for us (which we came to realize once the transaction was over). At the end, we are happy, from the proceed, from the bonus, from the stress free experience. FlipSplit is not a regular investor, they believe in win-win for them and you. They will take care of you, they will take care of your property and make you money.
2 years ago
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FlipSplit has a 5.0 average rating from 13 reviews

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