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What Does "Flipping a House" Really Mean?

One thing's for sure, it's not as easy as it looks on TV

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Photography: Marc Jao

Simply put, flipping a house means buying a run-down property below market price and doing necessary renovations before reselling it for a quick profit. 

However, like any other business venture, you may encounter a few bumps along the way—you can lose the home to restoration mishaps or accidentally go over your budget. Before getting involved with flipping houses, make sure you arm yourself with basic real estate knowledge and read through these tips to help you run a smooth house flipping project! 

More on Realliving.com.ph

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