House flipping is a short-term real estate strategy in which individuals buy properties below market value, renovate them, and sell them at a profit. Flippers who understand their local market find the strategy lucrative but requires careful planning.

Flipping properties requires balancing renovation timelines and budgets with momentary, favorable economic conditions. When researching real estate markets, buyers must explore the property types with the highest demand and current selling prices.

Next, flippers without sufficient cash can apply for financing options like hard money loans or funds from private lenders, which provide successful applicants with money faster than traditional banks. After securing financing, flippers can search for investment properties, focusing on those that can benefit most from renovation and have under-market value.

Finally, each property will have a unique repair budget. Flippers must avoid overspending but attract qualified contractors. After completing renovations, listing the property at a competitive price and marketing it to a target demographic should attract ideal buyers.