Flipping Houses: How To Flip A House Profitably

Flipping houses can be done in various forms so let us take a look at some of the most common methods.

How To Flip A House: A Step By Step Guide

How To Flip A House

Define Your Area And Neighborhood

Research what kind of neighborhood you want to target. This will determine your price range, potential target buyers and also the level of rehab which would be needed.

Find The Property To Fix and Flip

Usually the properties which are great candidates for flipping will not be listed by real estate agents on Multiple Listing Services (MLS).

Determine The Rehab Budget

Rehab costs:

This is the cost to actually fix up the property. J Scott in his book on Estimating Rehab Costs provides a great template to capture all details.

Determine The Buy Price

To flip a house profitably; you need to run the numbers accurately. Do not fall in love with a property and then adjust your assumptions to make it look profitable on paper.

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