THE HOUSE FLIPPING BUSINESS GUIDE FOR BEGINNERS
ebook ∣ The Comprehensive Guide On How You Can Buy A House, Renovate And Resell For A Higher Amount
By Stanley Green
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Flipping is the practice of acquiring an asset with the intention of selling it for a fast profit rather than retaining it for long-term appreciation. The word "flipping" is most commonly used to denote short-term real estate transactions as well as the conduct of some investors in initial public offerings (IPO).
Flipping a house sometimes involves taking a fixer-upper and renovating it to make it market-ready; other times, it means just keeping the property until you can sell it for more than you paid for it. In either case, the idea is to purchase low and sell high, generating a profit in a very short period of time – generally within months or a year.
THE COST OF FLIPPING A HOUSE
The cost of flipping a property varies depending on the purchase expenses, repairs, and the time it takes to complete the sale. Let's take a quick look at how much money you may expect to spend on a property flip.
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