The real estate industry has flourished in recent years, especially when it comes to earning revenue. Aside from becoming a professional real estate agent and help people buy or sell homes, there are other opportunities to gaining income. Today, we’ll focus on a topic called flipping houses – one of the basics of property management. What is Flipping Houses? First off, how do you flip a house? Turn it upside down?? This is a kind of business move that involves a real estate investor buying a property at an auction or foreclosure sales. These are homes that have been put up for foreclosure as their previous owners were not able to pay for the mortgage and so the lender will put up the house for sale. Usually, they will sell it for a lower value so long as the buyer (in this case, you) can meet the mortgage value. You see this on many shows such as “ Fixer Upper “. By buying the property for way less than the market value, you can upgrade, fix any issues, and res...