"Fix and Flip" is a real estate investment strategy where an investor purchases a property, makes necessary repairs or renovations, and then sells it for a profit. This approach often targets distressed properties that can be improved to increase their market value. Investors typically aim to complete the process quickly to maximize returns. The success of a Fix and Flip project relies on careful budgeting, effective project management, and understanding the local real estate market. Investors often work with contractors and real estate agents to ensure that renovations are completed efficiently and that the property is marketed effectively for resale.