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This porch is on our Florida Victorian home

# 1 Flipping Houses Article: A Beginner's Guide to Flipping Houses

Since everyone else uses my article on their blogs to profit from adsense, I may as well post my own article on my website. This article has been viewed more than 113,634 times on EzineArticles and is the most emailed of over one million articles. (I never put it on my own site because the original article with the real name of the young woman is in the Doghouse to Dollhouse for Dollars book.)

In case you're wondering, this real story takes place before the housing upswing of the last few years. In fact, the young woman purchased our waterfront home and moved to Florida in 1999.

A Beginner's Guide to Flipping Houses

If you're dreaming of making money in real estate, it's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to "flip" houses.

A friend of mine, we'll call her Tai, made a fortune in real estate, beginning at the age of twenty, with no help from anyone else. Here's how she did it:

Tai began by buying a HUD repo, which allowed her to get into the house for no money down. Then she fixed it up and sold it herself. At closing, she had made enough profit to by a second fixer-upper, but this time, she paid all cash. Tai went right to work fixing her second house, and when she sold that one, she collected profit of $44,000, which allowed her to pay cash for her third house!

By now, Tai was comfortable with her formula, and within a short time, she had flipped her third house, realizing enough profit to pay cash for yet another house, as well as being able to buy the custom pickup of her dreams. And all of this had happened in the span of just nine months!

Tai's formula was simple. She located houses that needed only cosmetic work, avoiding those that required structural repairs. She did all the painting herself, inside and out, and updated the home's lighting, plumbing fixtures, and carpeting. Once renovations had been completed, all three houses sold quickly, and at a significant profit.

Flipping houses is the most tried-and-true way to make a fortune in real estate, so don't listen to anyone who tries to tell you that it can't be done or that you need to have a great deal of start-up money. That's not true. You can buy houses with no money down through various loan programs, and sellers will often help you with the closing costs.

I know what I'm talking about. My husband and I bought our 27th house earlier this year, for no money down, and we expect to make a profit of at least $100,000 for just one month of hard work!

But we take the process a step further, making our houses outshine the competition by also using Design Psychology, although our buyers never know that. All they know is that they feel good when they're in our homes, which makes them want to buy them, even if they're more expensive than the house next door.

There's no other business that can make you as much money, with as little start-up cost, in as short a time, as investing in real estate. In fact, more millionaires made their fortunes in real estate than in any other business. And you can do it, too. You just have to stop dreaming and get started.

Copyright © 2004 Jeanette J. Fisher. All rights reserved.

P. S. We stopped counting houses. Our latest fixer:

fixer house picture

This house will be featured in an upcoming Flip That House episode.

Side note: Inspired by "Tai," our son purchased his first home, for no money down, got funds back for rehab at close of escrow, fixed the house, and sold in in ONE day. He doesn't have a job and goes to college. This was in October, 2006, in a "buyer's market."

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Doghouse to Dollhouse for Dollars: The Real Way to Make Money Flipping Houses!