Want to Flip a House? Here’s How to Actually Make a Profit
by Lisa Rowan – June 24, 2014 –
Your insomnia has done it again — it’s led you to the couch, where you’re flipping through home-renovation shows and nodding, “I can do this.”
You start to do the math in your head. “These nobodies bought a house for $125,000, did a couple of projects, and sold it for $350,000?” You think, “I’m so there!”
Wait a second! Flipping houses, or buying a home for the purpose of renovating and placing it back on the market, is hard work. You’re likely to get your share of splinters and scrapes while you turn your lackluster shack into a glistening home. But if you do your research, you could be on your way to a worthy investment property.
We asked a few experts how to do it right, and here’s what they told us.
