2021 Intern Reports
Summary
As an appraisal firm, Alpha Valuations focuses on providing quality service and expertise to customers. The company's objective is to provide service to those interested in knowing the amount for which a property will transact on a particular date (Pagourtzi, 2003). The aim of this business project was to focus on investment properties. I focused on researching whether flipping real estate was effective. For this project, I looked into three condos in Illinois. The first condo was in Bolingbrook, the second was in Wheaton, and the third was in Lombard. Many have described the act of property flipping as buying a smaller and cheaper property, restoring its interior and exterior, and then quickly reselling it (LaCour-Little, 2021). During this project, I learned that flipping homes involved more than considering product and labor costs. In fact, insurance, taxes, and mortgage are all essential details to consider. I am very thankful for this opportunity to explore a field that I wasn't as familiar with and am now more informed about. I wish Alpha Valuations the best in the future in continuing condo investment properties and exploring single-family homes as investment properties.
Publication Date
8-13-2021
Disciplines
Business
Recommended Citation
Zhou, Kaylee, "Investment Analysis: The Effectiveness of Flipping Real Estate" (2021). 2021 Intern Reports. 1.
https://digitalcommons.imsa.edu/intern_reports_2021/1
Comments
Advisor: Lori Hall; Alpha Valuations