Is Home Flipping For You?

home flipping

Have you ever considered flipping a house? From 2015 to 2016, home flips rose 3.1 percent. The average profits from flipping a house were $62,624, according to data from ATTOM Data Solutions. The states with the greatest number of flips were Florida and Tennessee. Below find some pros of cons of home flipping. Click here to see this article in its entirety.

Pro: Home flipping can earn you a large sum of money in a short period of time.
Con: If your flip flops, you can lose money. Unexpected expenses can come from home repairs you weren’t expecting or having to pay taxes. If the flip takes longer than anticipated, you may incur higher costs from paying the mortgage and other home-related expenses longer than you had planned to.

Pro: Home flipping can be a great learning experience, teaching you things from finance to construction.
Con: Flipping a home can be very stressful. Know there will be bumps along the way and risk involved.

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