How To Flip A House - The basics

There are quite a few people asking "How to flip a house". Specially during these times, when there are a lot of homeowners selling their properties, it is a good idea to learn real estate investing and how to flip a house.

House flipping is basically the act of buying a house at a low price then selling it as soon as possible at a higher price. These is the gist of how to flip a house. There are of course other things you will need to learn to be able to do this correctly.

Here are the methods used to flip a house and make a profit in this very lucrative business.

The first method used to flip a house is buying a house that needs some repairs, and then investing on the repairs. This is called "retailing". You are responsible in identifying a house to buy that can be repaired and fixed up at a minimal cost. You then sell this at a profit after repairs have been done.

The second house flipping method is called 'Wholesaling". You buy a property that can be repaired at minimal cost but instead of having it repaired, you will flip this to an investor who will do the repairs and likewise flip it again to a homeowner. There is less risk in this method.

The method of house flipping with the less risk is called "assignment". In this method of how to flip a house, you merely find the property and secure an agreement for you to purchase. You do not close the deal but rather sell the right to make buy the house to another investor, who will be the one to ultimately buy the property from the owner.

Real estate investing is a very lucrative business, and there are even ways to invest without using your own money. Find out how this is done in Australia. Watch free videos and sign up for free dvd's here.

The different methods mentioned above on how to flip a house have different levels of risk and profit. The higher the risk, the higher the potential for profit.

Learn correctly how to flip a house, and you will find yourself gaining wealth faster than with other investments.