MAKING MONEY ON YOUR FLIP1. When you decide to flip a home, plan on making your money when you purchase the home not when you sell it. What I mean by this is: people many times buy a house with the intention of making a large profit when they sell. The problem with this is, they many times do not end up with a profit because the purchase price was too high. When you purchase a house you need to make sure you have enough money for the purchase, renovations, carrying costs, and several thousand dollars for those unexpected surprises that usually crop up. When you add all of these costs together, many times people find that they make little or no profit when they sell because their initial purchase price was too high.
# posted by
Bryan Vogt @ 2:18 PM
