A friend of ours recently did quite well out of a real estate investment. She bought a house with potential. After a lot of value-added work, she was able to sell it for a profit. However, there was quite a length of time between buying and selling. House flipping, the kind of real estate investment strategy discussed in this article, usually has a shorter turnaround time.
In case you are new to house flipping, let’s look at a definition:
“House flipping typically refers to buyers who purchase distressed properties, fix them up, and then resell them for a profit.“Jamie Johnson – How To Flip A House: A Starting Guide | Rocket Mortgage
In the following guest article, written by Amy, you can find some very useful tips on house flipping. These ideas can help you decide if it is an investment strategy that appeals to you. It should be noted that real estate regulations and fees vary between countries. The following might not be applicable to the laws in your country. Stamp Duty taxes, for example, can influence your decisions.