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House Flipping is Easy, Not so Much

Joe Petrowsky of Manchester Connecticut has definitely hit the nail on its head regarding "House Flipping."  In my opinion, the most important point in his blog has to do wit Price...You must buy at the right price, and sell at a reasonable price. An excellent post
“House Flipping is Easy, Not so Much”
 
I love listening to experienced house flippers talk about their war stories. When I first started flipping houses, many years ago, there were no, how too courses. So, for me it was self-taught which is the way many got started. We all learn more from the failures or missteps of others, than we can from their successes.
 
Here are a couple of the important lessons, I learned along my path:
1)   I’m not into location, location &  location, but rather price, price & price. If it is purchased wrong, it is almost impossible to fix this problem. A profit can be made in any location, as long as the property is purchased at the right price.
2)   Never cheat and cover stuff up. When I watch some of these flip this house type programs on TV, I am always amazed how much stuff they cover up ... more

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