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Flipping Pros and Cons

Filed under Home Buyers on Jan 27,2022 | Tagged in: ,

In today’s hot real estate market, you may be tempted to try house flipping. That’s the practice of buying a home in need of repair, renovating it, then selling it for a profit.

You may have dreams of an exorbitant profit, considering that today’s buyers are often paying higher prices due to limited housing availability. While making some quick money is possible, it’s essential to know the pitfalls. This article from The Balance offers good food for thought. Their tips for flipping success include understanding construction and knowing the local real estate market. Pitfalls include the risk of unexpected expenses, tax issues, carrying expenses and stress. If you can handle all of that, then you could enjoy a source of income and personal pride through flipping.  Read the full article here.

If you’re looking for a renovation opportunity, talk to the Vanguard Realty Associates team.  We’ll help you make sure your flip isn’t a flop.

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"I worked with Donna Brun for the past year to sell my home in Cold Point Manor. The real estate market has not be optimal for sellers. I have to share it was a pleasure to work with Donna. Her commitment and honesty were important to me. She cares about the work she does each day which I find so valuable and refreshing in business today. I would highly recommend Donna Brun to help you with your real estate needs." - Scott Passman

Scott Passman

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