How To Flip Houses: Everything You Need To Know About Buying, Renovating And Flipping Houses For A Profit!

You may be looking at this book because you’ve seen or heard that renovating houses and selling them can be very profitable. Or you may have heard from a friend about how he makes as much money as you do in a year with just a single house ‘flipping’ transaction. Or maybe you’ve seen TV shows on flipping houses that show examples of how a couple bought a house for $250,000, fixed it up with $70,000 and sold it in a few months for $450,000, pocketing $130,000 for their trouble.
There are plenty of TV programs today that focus on buying a house cheap, renovating it, and selling it for a profit. In fact, the concept was so popular that it was a featured TV show on both A&E: Flip This House, and the Discovery Channel: Flip That House. And the shows were popular for a very good reason – because house flipping had become a very hot trend in the real estate industry.
Now, there are a lot of ways to make money in real estate, but this one, known to most as house flipping, is a way to potentially make a profit quickly for the investor taking on the project. Traditionally, investors would purchase a residential property, fix it up, find a renter, and let the renter pay all or most of the costs while holding it for long term appreciation.
While that might still be a profitable strategy, house flipping became popular because of the quick return on the investment, and often with short term funding.
Basically, house flipping is the term used to describe a three step process:
1. Buying a Home,
2. Renovating the Home, and
3. Selling the Home for a Profit.
A house flip occurs when someone buys a home, fixes or remodels the home in a very short timeframe, usually a few to several months, and then sells the home for a profit. Now, while all this sounds very simple, making money flipping real estate isn’t a sure thing if you don’t educate yourself about the basics and the challenges of house flipping.
This book will tell you how people do it successfully, and how you can, too. It won’t, however, tell you to quit your job and get into the renovating business. Physically renovating houses requires good work ethics, and can be a time consuming job if you’re going to try to do it yourself, particularly if you don’t already have some skills in that area.

Unlike TV shows, online information and other books that may present only the success stories about house renovating, this book will help you determine if you have what it takes to become a property flipper.

Initially, we want to help you honestly determine if house flipping is for you, and if you’re willing to take it on. In the process, we will provide you with basic but significant information about house flipping. And by the time we’re finished, you’ll also understand why this can be is a very rewarding way to invest your time and money, and understand how to do it successfully and profitably.