Has Anyone Flipped A house???

@suzieque (2336)
Canada
November 5, 2006 8:54pm CST
I heard about all those advertisements where these people pay like a couple hundred on a house, renovate them, and then sell and make a fortune. They make it sound so easy. If you have done this, please give me some tips.
2 responses
@wahmoftwo (1298)
• United States
6 Nov 06
Where can you get a house for a couple hundred dollars? Sounds fishy to me. I have heard of flipping a house and making a pretty significant profit from it, but you have to have BIG money to invest. Or at least that was my understanding.
@suzieque (2336)
• Canada
7 Nov 06
I know! I thought it sounded suspicious when they were saying that you can invest a couple hundred dollars in a house.
@sbeauty (5870)
• United States
6 Nov 06
I've never done it myself, but I know a couple who have done a lot of flips, and they have done a fantastic job renovating old houses into useable living spaces. Of course, they're lucky that his mother is a realtor who can steer them onto good houses. I always thought I would like to try it, but now that we've just finished building our own house, I'm not so sure. It is a terrific amount of work.
1 person likes this
@suzieque (2336)
• Canada
6 Nov 06
You friend is lucky that his mother is a realtor, that know how much a house value is, and find a good deal.