The goal of a flip is to minimize the "holding time." The longer you own the property, the more your profits are eaten away by taxes, insurance, utilities, and interest payments (often called ). 2. The Golden Rule: The 70% Formula
Buying and flipping homes is a high-stakes real estate strategy where an investor purchases a property, renovates it, and sells it for a profit within a short timeframe. While popularized by reality TV, successful flipping requires a balance of financial discipline, construction knowledge, and market timing. 1. The Core Strategy: Buy Low, Fix Fast, Sell High
Always include a 15-20% "contingency fund" for hidden issues like mold, structural damage, or outdated wiring found behind walls.
