Understanding how much it costs to flip a house is key to successful real estate investing. Basic house flipping costs involve the purchase price, holding costs, renovation costs, and selling fees. A clear understanding of the cost components is crucial for ensuring your house flipping is a lucrative investment strategy. Otherwise, your budget will quickly disappear, along with any profit.
I'm located in the St Louis area. I secretly dreamed of getting involved in real estate investing for about 10 years, but didn't feel I had enough experience or knowledge. So glad I found this site! I'm currently making a good salary in IT but would love to retire about ten years early!