What would you do to this house specifically?
I'm thinking of taking out a HELOC to fix and flip this house.
http://cheaphomedeals.net/show_listing_details.php...
Judging from the pictures, what should I do to it?
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If you updated the cabinets, how much could you sell the house for and how much profit could you make?
If you did the exterior, how much could you sell the house for and how much profit could you make?
If you blah blah blah...
These are the scenarios you have to run, and then determine which, if any, are the most profitable.
If you don't know how to do that, that's what you have to learn. If the business were as simple as someone on an Internet forum telling you, "Do this, don't do that, get rich," would you believe them? You shouldn't. It's not that easy. In fact, it's not easy at all.
You have to learn first, and then do the work.
For reference, BP has a great book on the topic...