House Flipping 101 [Infographic] | 9 Simple Steps on How to Flip a House
Unless you’ve been living under a real estate rock the past 12-18 months, learning how to flip houses is all the rage now…
With multiple reality television shows like Flip This House and all the others – not to mention all the regional ones (like the one in my backyard “Flipping Boston”) – it seems everyone has flipped for house flipping.
Just last week, I even got a call from US News and World Report to do an interview on house flipping. Crazy!
It just seems like there are so many people hyping the house flip thing, its a bit insane.
House Flipping 101 Hits Hollywood?
Even famous and even not-so-famous-anymore celebrities (hello Vanilla Ice) are now getting into house flipping…proving that Hollywood too it seems has gone flip-crazy.
And although new foreclosures are on the decline, the fact remains that there are many fix and flip opportunities available and will continue to be as we work through the inventory and climb our way out of the great recession.
House flip deals are still available and this makes for an ideal environment for people want to fix and flip houses – which may have something to do with the current frenzy.
House Flipping 101: What Are The Steps to a House Flip?
Enough of the hype.
You want to know how to flip houses. That's probably why you came here, right?
House flipping has never been and will never be as simple and easy as the "gurus" would have you think
Nor is it as easy as the Flip This House guys (although they are very good) would have you believe. Even if you ask them, they know it's not as simple as it's made to be on television.
House flipping takes hard work, education and experience to do successfully.
There are however, some key steps to success – and although there is no way to explain ALL the little details of how to flip a house (you may want to get my eBook for that) it can be broken down into nine essential steps.
So to illustrate the steps needed to flip houses, I’ve put together the following infographic, which simplifies what is in practice a complicated process.
We welcome you to use it on your website as well!
House Flipping 101
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[Source: House Flipping School]
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You are welcome to use this infographic on your site or blog. Simply copy the embed code above and paste into your website or blog!
Great guidelines Mike, you’ve got an awesome blog going here. Great videos too!
Keep it up!
Thanks Seth. I am glad it is helpful to you. You doing any investing?
The more I read your blog the more comfortable I feel about doing my first flip. Great site you have here!
HI Steve – Thanks for reading & I am happy to provide valuable information to assist you. Where you from & are you thinking of doing your first flip local. If the market proves you can do it then I do recommend you do it locally especially for your first flip. I look forward to hearing back from you.
Thanks again and Happy New Year!
Brick, NJ. I have plenty of surrounding towns I can look into too. I currently build new homes for an investor and from the super storm sandy I will be building a new home for a client of mine which could lead to more but I’ve always been extremely interested in flipping homes. I guess my “fear” is having it sell and the money to buy and fix it. Then my problem is finding the deals. Your blog is helping me a lot.