Flipping properties, Flipping properties means buying houses, renovating them and selling them quickly for a profit. The goal is to buy low, make improvements, and sell high. Successful flippers find below market rate deals make cost-effective improvements, and sell quickly. Distressed properties can be particularly appealing if major improvements can be made affordably. Flippers need a reliable system, access to affordable materials, a skilled crew, and a good real estate agent. However, flipping comes with higher capital gains taxes if properties are sold within 2 years. @FinanceSpotlightTSM
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