By Sean Callery October 11, 2018
As anyone who’s ever made pancakes will tell you, executing the perfect flip isn’t always easy. There’s pride and breakfast at stake. But what about house flipping, where there’s potentially a lot more on the line?
Can it be profitable in today’s market? How difficult is it? And is it worth the effort?
House flipping is an investment approach that typically involves buying undervalued properties, renovating them and then selling them on at a profit. The aim is often – theoretically at least – to complete this process quickly and to spend as little as possible on the renovation in order to maximise profit before moving on to the next ‘flip’.
When you consider the investment of finances, time and emotion that can be involved, house flipping may not be for everyone. But for some ambitious Australian investors and renovators, the challenge and potential profit are significant...
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