As seen on all those HGTV shows, the basic concept of flipping a house is buying a property, renovating it, and reselling it for a profit… emphasis on profit!
Unlike in those shows though, flipping a house can have just as much risk as it can reward. There are tons of things they don’t show you on TV that you must consider before diving head first into the mud of a renovation.
I LOVE flipping houses. I get a thrill from the excitement of ripping things down, building them back up, creating awesome DIY fixes and of course spending money shopping! Flipping a house can be super fun, a great learning opportunity and really enable you to grow creatively. Nonetheless, if your the type of person whose financial risk tolerance is pretty minimal, flipping houses might not be your cup of tea. NO WORRIES!!! There are plenty of other types of investing that might be more up your alley.
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