Can you imagine where we would be without all the folks that “Flip” houses? How many homes are purchased that are in disrepair, that once they are renovated and re-sold, bring us new neighbors.
I constantly have mortgage clients that are buying the finished product. The home inspections usual indicate that the homes are in great condition and if there is an issue, they are normally very responsive to getting something corrected.
I have seen folks that see a TV program about house flipping and say, I can do that. The business is not for the novice, it takes knowledge and financial stability. The folks that do it well, are priceless. They are entitled to make a profit, as they take the financial risk.
All will share, not every home, when finished and sold, has made a profit.
