Who is House Flipping Now?
Fixing houses is not without risk and given these conditions, this may seem like a scary time to jump into the flipping market. Like any business venture, you can plan and protect and create contingencies, but cannot plan for the unexpected. The difference though, between the new, serious flipper, and the flippers of years past, can be summed up in four words: research, planning, partnerships and management. The smart flippers today are doing more homework than their predecessors. While flippers of the past may have conducted some preliminary market research, the new flippers are conducting more extensive research and documenting that research in their plans. The extra research allows the flipper to get a more precise picture of his or her investment property. New flippers are also planning and managing their expenses more diligently than ever before. Instead of just a cursory evaluation, new flippers put the proper tools and resources in place prior to purchasing. New flippers use sch
