Flipping is the practice of buying a property and then selling it almost immediately afterwards. It’s all that many investors are interested in – as it allows them to focus, single-mindedly, on bargain-hunting. If you lack the skills, resources or inclination to develop a property over a long period, then rapid-fire flipping may prove alluring.
This isn’t to say, however, that flipping property is easy. It demands distinct skills and resources. You’ll need, for example, an exhaustive knowledge of the market that can be drawn upon in an instant. This will ensure that you’re able to make informed decisions about what’s a good investment and what isn’t at the proverbial drop of a hat.
You’ll be able to use a combination of strategies to get the best from a flip. Let’s look at a few of them. Read more