April 2017

Buying to sell property: Make sure your house flipping doesn't flop

Buying to sell property: Make sure your house flipping doesn't flop

Amanda Scali   20/04/2017 12:00am

Long before house flipping was popularised by reality television, handy people bought run-down houses, renovated them and turned them over fairly quickly—‘flipped’ them—for a tidy profit.

Now it seems everyone is a DIY expert out to make a fortune flipping houses.

If you’re planning to buy a house to fix up and sell for a profit, here’s what you need to know to avoid your flip becoming a flop.