We hear a lot about "flipping houses" these days, and there are all kinds of shows on television about it, but can it be as easy as it looks? Flipping a house is when a real-estate investor (the buyer) buys a home that is in foreclosure (really cheap or usually at an auction), fixes it up, and resells the house at a great profit! There is a ton of money to be made in house flipping, but beware. You need to put the effort into educating yourself before you begin because a few common mistakes can cost you big time! Today's market is ripe for house flipping, and with some hard work, knowledge, and a little luck there is a fortune to be made in this market. So let us take a look at how this all works!
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