Recent television shows have made flipping houses a glamorous profession. It looks exciting; the agent buys a pile of garbage that barely looks like a home for a next-to-nothing price, and in an hour, voila! A beautiful home emerges that they sell at a stellar price. It may sound romantic and fun, but the truth is, flipping a home is challenging and risky work. Yes, there are people who are very good at it and make a large profit off of their buys, but if you would like to make it to that point, you have a long and trying path ahead of you. Let this list of hidden pitfalls enlighten you on whether house flipping is the right career option for you.
1. House Flipping is Time and Money Intensive
2. It is Risky
3. Lack of Physical Skill
4. Lack of Patience
Heed these tips and decide whether flipping a home is right for you. There are many investment opportunities out there that are easier and much lower risk, with promises of steady returns, so be sure you’re committed with the right resources before beginning this type of endeavor. image credit: http://www.auditionsfree.com/2015/hgtv-show-casting-people-want-flip-houses-beginners-southeast-atl-fl-la/# http://kincoinc.com/construction/