Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How to buy a flip house- Part 4
Are you thinking of flipping a house?  The perception is quick easy money but that may not be the case.  A flipper needs to think about tax consequences, repair costs, selling fees, and unexpected things that come up.  But the biggest consideration in the finances of a flip house is what house you pick.  Here are some tips in choosing the best flip house. 
 
 
In part 1 of How to buy a flip house we talked location and how location is crucial in picking a flip house.  
In part 2 we mentioned why getting a home inspection is crucial. 
Part 3 spoke about having a neutral set of eyes, like a friend, come take an honest look.  
 
4. Don't over improve it.- Yes granite, pools, subzero refrigerators are nice and who wouldn't want it.  But are you going to get your money back.  The goal isn't to make the palace in the neighborhood.  It is to make a profit.  If you put the wrong items in the wrong location your buyer may not even value what you have to sell.  And, even if a buyer does value an over improved house, the appraiser will not. Sometimes going on a field trip to houses for sale in your target price range is ... more

__________________________________________________
Are you on The Rain? Grow Your Network!