What is the real cost of flipping houses?

Have you ever sat in front of the couch, watched a show on house flipping and thought “I could do that, it looks easy enough”. Not you? Well surely that was me! At one point and time I thought just like such – buy a house, do some improvements, turn around and sell that house; how hard can that be? Ugh, Naive! Boy is it a lot harder and cost a great deal more than my average eye seen.

There is a whole lot more to consider when house flipping. “House flipping is when a real estate investor buys houses and then sells them for a profit. In order for a house to be considered a flip, it must be bought with the intention of quickly reselling. The time between the purchase and the sale often ranges from a couple months up to a year”.