Flipping houses means buying and re-selling quickly with intentions of a profit.

The most common flip involves one investor, who obtains the property at below market value. Most times this will be a property in need of major repair, or a property that has to be sold fast to avoid foreclosure. The investor then makes some necessary repairs, and sells the property at or nearer to market value, hoping that the sales price is higher than the purchase price plus costs of repair and financing.

 
When buying an investment property you always should choose a house that is in a good location. It should be priced enough below market value (usually 25%) to allow room for a profitable re-sale after the necessary work is completed.

Inexpensive cosmetic improvements often give a great return on your investment. Paint, landscaping, carpeting, and light fixtures are relatively inexpensive improvements. But try to avoid purchasing a fixer-upper that needs expensive structural improvements such as a new roof, plumbing, wiring, or foundation repairs.

When you look at a house that needs work, try to imagine it with fresh paint, refinished floors and new carpet. Consider the attractive features of the home. Try to distinguish between the cosmetic condition of the house and the state of its structure and major systems.

Flipping always takes skill, foresight, market knowledge, and market resources. Let us help you to find the right property for your investment!