What is a common investment strategy involving a property’s resale after renovations?

The strategy involving a property’s resale after renovations is known as "fix and flip." This approach typically involves purchasing a property that may need repairs or updates, investing capital and effort into making those improvements, and then selling the property for a profit once the renovations are complete. Investors who utilize this strategy aim to enhance the property’s value quickly by upgrading its aesthetics or functionality, thus capitalizing on the increased market appeal when they list the property for sale.

In contrast, other strategies like buy and hold focus on acquiring properties to generate long-term rental income without immediate resale plans. Wholesale real estate involves securing a property under contract and then selling that contract to another buyer, often without any renovations. The owner-user strategy involves purchasing a property for personal use, rather than as an investment for resale. Each of these approaches has its unique considerations and goals, but the fix and flip model specifically targets the improvement and quick resale of properties to realize profits.