- FLIP HOMES
In 2019, 6.2 per cent of home sales in the United States concerned flipped homes, an eight-year high according to ATTOM Data Solutions’ U.S. Home Flipping Report.
This comes as little surprise bearing in mind the popularity of TV shows which make house flipping look like a fast and profitable venture. Real estate investing via buying a home cheap, renovating and selling at a profit looks easy on TV shows but it requires time, knowledge and hard work to be successful. There are costs that need to be taken into account, and you’ll need to decide whether you will do it yourself to further increase your profit margin by building sweat equity.