Articles & Books From Flipping Houses

Article / Updated 04-25-2023
Selling a home can be very nerve-wracking, so you may be tempted to take the first offer that comes along. Be careful! Potential buyers can be problematic if you don't know what to look for.Not all offers are created equal, so if you jump at one too soon, you could end up breaking the law, tying up the sale of your home, or seeing your home sale fall through.
Cheat Sheet / Updated 03-30-2022
"Flipping houses" sounds as easy as 1-2-3: 1) Buy a house significantly below market value, 2) fix it up, and 3) sell it. However, when you actually try to flip a house, you soon realize that it's tougher than it sounds. The beginner faces several hurdles, not the least of which is tracking down properties with potential and buying them for cheap.
Article / Updated 03-30-2022
When most people think of flipping houses, they immediately envision a process of buying a ramshackle house on the cheap, fixing it up, and then reselling it for more than they've invested in it. That's certainly the underlying theme, but the actual process of flipping houses spawns a tool shed full of choices and questions, including the following: Are you going to live in the house while fixing it up?
Article / Updated 03-30-2022
When renovating a property that you intend to flip, don't get carried away. Some home flippers hire top-of-the-scale contractors and insist on the highest-quality building materials from the nearest suppliers. To help you avoid that trap, here are 11 secrets that can slash your cash outlays and boost your bottom line.
Flipping Houses For Dummies
Go head-over-heels for house flipping! Flipping houses profitably may not be easy, but it's far from impossible. With the right guide, you can avoid the risks and reap the rewards like a seasoned expert. Flipping Houses For Dummies is that guide. The perfect blueprint to property resale, this book walks you through the absolute necessities of house flipping.
Article / Updated 08-27-2021
The housing market, like the stock market, fluctuates. Home values can steam ahead, stay put, or spiral down out of control. You make your money when you buy a house at less than market value. By adjusting your purchase price based on market conditions, thus lowering your total investment in a property, you can make money in any market.
Article / Updated 08-22-2018
Each listing contains a deluge of details about the property, all of which can be very helpful in your search for a flippable property (see the a sample listing). Some of these details, however, are more useful than others. Focus your search on the following golden nuggets: List price: Now that you’re looking at listings of only those homes in your price range, examine the list price (found in the upper right corner) and compare it to that of other comparable houses in the same area.
Article / Updated 06-25-2018
Many eager, ill-informed investors become overenthusiastic about the big picture and lose sight of the critical details that can make or break a deal. They pay too much for a property, underestimate the cost of repairs and renovations, fail to inspect a property or research the title, or sign contracts that they don’t fully understand.
Article / Updated 03-08-2017
The first step in the house flipping process is the most crucial to your success — finding a property or properties with profit potential. Following are some ideas of where to look: Look for dontwanners in your neighborhood — vacant, unkempt homes the owners "don't want." Search on Auction.com. Read local foreclosure notices, available through your county's sheriff's office or register of deeds.
Article / Updated 03-08-2017
When you're just getting started, be sure to pick an easy property to flip — a great house that's merely cosmetically challenged. Then make the following improvements: Clean everything thoroughly. Repaint the interior walls, all white. Install new wall-to-wall carpeting where it makes sense to carpet. Replace all light-switch and outlet covers.