From the outside, flipping a house looks easy. If you watch one of the many programs on rehabbing and flipping it makes it look like every property is a winner. The reality is that if you don’t know what you are doing you can, and will, be disappointed in your results. This is the part that you don’t always see from TV.
There are several important steps and keys with every flip. Dropping the ball on just one of these will cause setbacks that will ultimately cut into your bottom line. Anyone can flip a property, but not everyone will have success. Here are five basic keys to a profitable house flip.
There is a fine line in success and disappointment when it comes to flipping houses. Use these five tips to help guide you in the process and maximize your return on investment.