Flipping real estate has become mainstream; not just something investors do, but an activity done for entertainment in the same manner treasure hunters will dig through old garage sales. TV, radio talk shows, and Facebook are all full of how-to guides and tale trading of fantastic flips as well as those that turned to flops.

But the fact remains, when done right flipping a property can be a golden opportunity to turn pennies into dollars. And doing it right starts not just with the willingness to roll up your sleeves and dig into the hard work, but also taking the time to do your research, line up financing, and be willing to stick with what can sometimes be a tough turn around opportunity.

Successful real estate investors will flip properties, even if they don’t set out to do it. Not every property is perfect as it is when you acquire it. Improvements, basic maintenance, updating the appointments in the building or simply cleaning structure and lot up; it is often something previous owners will let slide until the new owner takes possession and is willing to be proactive. For investors, flipping is about profits and increasing the value of your holdings. Whether for sale or rent, when you turn a tumbledown listing around, it benefits your bottom line.

Key Points:

  • 1Short term, high yield investment for you if you pair up with an investor.
  • 2Wholesalers can be met locally and may be willing to fund or help with funding and give advice.
  • 3A A large group of people with the money can do it with ease, or hire a team to do it for them.

The truth is that many people have the assets available to buy rental homes, but they’re not doing it because they don’t have the time or the inclination to be an active investor.