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Part 1: How to 'flip' a house

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  • Description

    Shopper's Market: Real estate expert shares some tips

  • Duration 1:29
  • Date

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There's great opportunity for investors in the recovering housing market through house flipping.

Buying a home short term and reselling it for a profit.

According to realty track this year the average -- made about 30000 dollars on a single house and it took them about a hundred days to do it.

Kirsten camp backer is the author of flipping confidential she says potential clippers have a good team behind them.

Including a realtor financial advisor and tax strategists and ask yourself what your motivation is to flip property.

They doing this for tax -- you doing it to diversify your portfolio for the -- you wanna get your interior design yeah I got out.

Figure out why you want to do it if you need invest some money somewhere it's a great place to do it.

-- says if he can't find a good realtor to help you become one yourself.

Really get your finger on the pulls at your local real estate market there's opportunity.

Everywhere I always say stick to your own back yard.

-- has to look for good house it's eventually going to be under the scrutiny -- an inspection when you go to -- Make sure you know what you're buying because back home and it's costs belong to you.

Count on people to get their opinion.

Who are familiar with houses in this really bad condition if you're buying a foreclosure.

What are the steps going to be what's your budget really gonna take to make that how shine and get you top dollar when you -- to put on the market.

In ER Brenda Buttner Fox News.

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