“Flip or Flop,” “Love It or List It,” and “Fixer Upper” are just a few of the many popular TV shows that showcase the ins and outs of buying, fixing, and reselling houses for a profit.
Flipping, also called wholesale real estate investing, is when you purchase a property not to use, but with the intention of selling it for financial gain.
Flipping can certainly be a profitable venture. It can also be a very good way to lose money, especially if you don’t have the right assets, skills, and know how. You need real estate knowledge, home improvement skills, access to cash, some financial expertise, and maybe a bit of luck to successfully flip properties.
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