What is snap flipping?

Snap flipping is a type of real estate investing strategy in which an investor buys a distressed property at a low price, quickly renovates it, and then sells it for a profit in a short amount of time. The goal of snap flipping is to complete the renovation as quickly as possible in order to maximize the profit margin. This strategy can be particularly effective in a seller's market where demand for renovated properties is high.

Snap flipping involves finding properties that need minimal rehabilitation work, such as cosmetic updates like painting, flooring, and minor repairs. Investors typically focus on homes that need little-to-no structural work, plumbing, electrical, or roofing changes. They then embark on the renovation process with a quick turnaround time, keeping their cash flow healthy.

Due to the quick turnaround time, snap flipping requires investors to be efficient in managing contractors, sourcing materials, and coordinating with other tradespeople. It also requires a wide network of real estate contacts, including real estate agents who can assist in acquisition and marketing.

While snap flipping can be a lucrative real estate investment strategy, it does require a high level of expertise, including significant experience in real estate marketing, renovation, and project management. A novice investor may find it challenging to turn a profit from snap flipping.