Leo’s strategy was the "Fix and Flip." He spent six weeks tearing down walls to create an open floor plan and replacing the avocado-green appliances with stainless steel. He knew his target: a young family looking for a "turn-key" home in a rising neighborhood.
Like Leo, these are experienced contractors or investors who use their own capital or "hard money" loans to buy distressed properties, renovate them, and sell for a profit [1, 2].
Syndicates of passive investors who pool money for a professional manager to find, fix, and flip multiple properties at once [4].