Profit flipping business.

Fix and flipping houses is not an easy side job that will make you a fortune while you continue to work at your day job. You may see fix and flippers on television appear to make $100,000 on a fix and flip, but television can be deceiving. It is extremely rare to make $100,000 on a flip, unless you are dealing in high value/high risk properties. Most of the television shows I see about fix and flips leave out many of the costs associated with a flip and overstate the profits.

I try to make $25,000 on each flip I complete that I buy for less than $150,000. If I buy a flip for more than $150,000 I hope to make more money, because the higher value flips use more of my resources and I cannot buy as many properties.

 

I think about flipping houses and cars often but just do not have the money to invest right now. When I get the money however, I want to try this. My only fear is that I will get tenants that will destroy my property. I know this can really work out for some and won't allow my fears to stand in my way. I am looking into and learning about investing so that when the time comes, I will be ready.