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Flipping is a wonderful real estate investment tool if you follow the right procedures. The average flip profit in the US is currently over $60,000 a house with some areas well over $100,000. However, if you hope to gain these kinds of profits, you are going to have to do more homework than watching a few TV shows.
Although these shows do give you some insight into the process of flipping a home, they often do not tell you the whole story. This guide will give you a working understanding of the main considerations when flipping a home. Understanding these five steps will help you avoid pitfalls and gain profit.
