GettyHouse flipping has become mainstream with the help of HGTV’s plethora of reality shows about people fixing and flipping properties, but what exactly is a “fix and flip,” which types are the most common and how can you make the most of one? A house “flip” is when an investor buys a home with the intent to resell it a short time later at a higher price. This amount should be based on what type of return the real estate investor would be able to get if they had their money invested elsewhere. So if someone wants a “new” home in one of these areas, they most likely will have to buy an investor fix and flip. So even though all those “reality” shows aren’t complete reality, there are still opportunities for those looking to flip properties.

Source: Forbes May 29, 2019 10:52 UTC