What are Fixer Upper homes in real estate? These properties are often distressed and in need of repair. Sometimes the Fixer Upper process is just cosmetic and in other cases Fixer Upper properties need major renovations and/or upgrades. Smart real estate investors and house hunters are always on the hunt for cheap Fixer Upper homes because the improved properties can be resold or “flipped” for large profits. Indeed, if done right, Fixer Upper houses can deliver a tremendous return on your real estate investment in a very short time. Click on a nearby state and/or county below to begin searching for Fixer Upper houses available in your area right now to see for yourself.