Flipping houses can be a great way to make a relatively quick profit, but these projects aren’t for everyone.
Wondering if you’re equipped to take on a flip?
You absolutely need a solid team when taking on a project of this size, including a top-notch contractor.
You can get away with a mediocre handyman for everyday repairs, but not flipping an entire home.
Fix and flips are full of surprises; be sure you have enough money to weather the storm (because you will encounter difficulty).
You don’t know your market well enough.
Don’t get me wrong—there are a million reasons you should be flipping houses.
Just be sure you know what you’re getting into and have a solid support system to ensure you’re able to overcome the unexpected.
What are some other reasons you shouldn’t flip houses?
Weigh in with a comment!