Will the flippers’ sweat and financial risk-taking pay off in a profitable sale?
One of the hottest trends today is to buy a house, fix it up fast and sell it for a huge profit. A process known as flipping.
The US version of the hugely popular Property Ladder series sees novice real estate developers, with the help of experts, attempt to renovate properties considered ‘diamonds in the rough’ and re-sell them for a lucrative profit. These amateurs will tackle homes large and small, some with minor cosmetic and design flaws, and others in need of major renovation.
Who will profit and who will lose?... Read more.