Real Estate Investing Basics Flipping
In my last article, I cast a broad net and talked about the five most common real estate investments:
- Small deals (1-4 Units)
- Big Deals (5+ Units)
Today, we are talking about flipping real estate, the benefits and drawbacks that are associated with it, and a brief overview of what it entails.
Simply put, house flipping is the act of buying a home and selling it at a higher price. This is typically done by finding a foreclosure, or a fixer-upper home that is in disrepair and needs a lot of improvements. It is then purchased, updated and fixed, then sold for a higher price than what was invested into it.
As TV shows like HGTV’s Property…