How to Flip a House
House flipping is when an investor purchases homes in good areas and then resells them for a tidy profit.
House flipping requires patience and an understanding of the real estate market.
It can be exciting and profitable, but you must know how to flip a house properly.
There are some important tips you should keep in mind as you make your way through the process.
When it comes to flipping a house, there is no such thing as pure profit.
Your profit will depend on how long you hold the property and how much competition you face for the same property.
Many house flippers will use debt in order to finance the purchase of a property.
This can lead to financial disaster, so always choose to pay cash for the property.