Flipping houses involves purchasing a property, usually one that requires repair or renovation, and then selling it at a higher price to make a profit. This process isn’t just about slapping on a coat of paint and changing the carpets; it’s a thorough overhaul that requires market savvy, a good sense of budgeting, and an eye for properties that have potential. The ultimate goal? To increase the home’s value and sell it for a profit in a relatively short period, which can be especially rewarding in a booming real estate market.

When you hear the term “house flipping” you might envision a dramatic before-and-after scenario that unfolds on a home improvement show. However, flipping houses is more than just a visual transformation—it’s a strategic real estate investment tactic that has gained popularity for its potential to generate significant income. In this beginner’s guide, you’ll be walked through the essentials of flipping houses, from understanding the basics to mastering the art of the sale, all designed to help you succeed in this lucrative venture.