I grew up in a family that flipped houses. My husband and I have continued this tradition with our family and have structured our goals around how our hard work can help us achieve them. It can be a lucrative opportunity for the right people, but it's not how it looks on tv.
Flipping houses takes planning and organization- financial & otherwise- hard work, and patience. You have to be prepared for the unexpected and have a back- up plan if a project becomes more complicated, time consuming, and/ or expensive than expected. I recently came across a great article by MSN Real Estate about the reality of flipping houses. It's worth a read if this is an avenue you're considering.
If you are considering flipping houses or purchasing income properties, I would be happy to sit down and discuss what is involved.
Image Source: MSN Real Estate