Question: “I was reading some discussion of how prevalent flipping houses is now. Do houses ever get bought by people looking to “flip,” who then upgrade them and sell them to other people looking to flip, who then upgrade them again?” Answer: Rarely. Most house flippers typically operate on minimum profit margins. If you add

Question: “How much under-market do I need to buy a home to make money on a fix-and-flip?” Answer: There’s no simple formula, because of all the variables: Financing Fix-Up Cost Fix-Up Time Added Value Market Time Negotiation Transaction Management Appreciation – Financing – Obviously, you want to get a loan at the lowest cost possible

Question: “I’d like to start buying fixer-upper homes and reselling them for profit by exchanging them, so I can avoid taxes…” Answer: I know you’re not asking a question, but I have two important comments for you… #1: There is HEAVY competition for “fix/flip” properties like you want to buy. Last week a man came