What should every buyer be aware of before getting started in real estate flipping?

What should every buyer be aware of before getting started in real estate flipping?

Michael Corbett (Real Estate Expert) gives expert video advice on: What are the advantages of buying property for resale?; What are the financial dangers of buying property for resale?; What's the one thing I should consider before flipping property? and more...

Probably one of the most important things that a buyer needs to know when they're buying any house, especially one that they're going to be working on and fixing up, is what their estimated costs are going to be. They also need to know where the market's headed. If the market is going down ten percent every six months, you better know that the house you're buying is going to be worth ten percent less six months from now, and you need to calculate that in ahead of time.