Flipping is a term used to describe the process of purchasing an asset, most commonly real estate, and then selling it for a profit. This quick-profit strategy usually involves buying property at a discount as a foreclosure or fixer-upper, rehabbing the property, and selling it for more than invested.
Why am I here?
There is a lot to know before leaping in to your first house flip. We’re here to help. Don’t go spending thousands of dollars on seminars that promise you’ll get rich quick. House flipping is hard work, and you’ll need those dollars as capital for your project. 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 place to start for anybody interested in flipping houses.
Can I really do this?
Purchasing, rehabbing and selling a property is a lot of work, 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. This guide is a work in process, and we will continue to add content until we have a complete, comprehensive guide. Check back regularly to keep up to date. Let’s start preparing for your successful house flip!
Before you leap into Chapter 1, use our House Flipping Calculator to see how much flipping a house will cost!