House flipping is the process of purchasing a real estate property, updating it to add value, and then selling it for a profit. Most flips involve buying property at a discount as a foreclosure or fixer-upper, rehabbing the property, and selling it for more than invested. Buying and selling houses is one of the best ways to get started in real estate investing because of the short timelines and fast profits.
How to Flip Houses for Beginners
There is a lot to know before diving into your first house flip. Our Flipping Houses 101 hub will help you find the information you need, from how to plan your flip all the way to how to close on the property. This guide is designed as a primer for anyone interested in learning how to successfully flip a house for profit. It is not some secret mojo that guarantees you’ll get rich, but it’s a good intro on how to start flipping houses.
How to Start Flipping Houses
Purchasing, rehabbing, and selling a property is a lot of work, and not to be taken lightly. It’s important to make sure that you get the right help on your house flipping journey. That being said, people just like you are successfully flipping houses for profit. Our House Flipping 101 hub will give you the basics to make your first house flip a success, or help you make your current flips more profitable. Let’s start preparing for a successful house flip!
Before you leap into Chapter 1, use our House Flipping Calculator to see how much flipping a house will cost!