Choosing Home Flipping as a Career or HobbyPosted by Gurpreet Ghatehora on
What is home flipping? Commonly called "flipping" this is the real estate practice of buying low and selling high, with a few stipulations.
How do I flip a home?
First off, you need to find a home that is a great investment opportunity. Sometime foreclosures offer this, but often it's just a matter of searching the market for a home that is undervalued. Undervaluing can be due to a home’s location, or it's state of repair. You want to find something in a good location that needs some work for your home flipping project. Once you find the place, the goal of flipping is to bring the home up-to-date as quickly as you can, and then resell at a higher price than you purchased at, in order to cover the cost of renovations and still make a profit.
1400 Views, 0 Comments