I think both you and I have heard lots of stories about how people make a living or even being wealthy and rich by flipping property. I never involve in this field before but as what I know, flipping property means you buy a property back at lost price, do something! And then sell it as high as possible to make money. Sound simple? I like it J

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Skia over REIBlog.org shared with us some of the simple tips to get started in flipping property. Here is the simple list that I take from his article :

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1. Look around the area
2. Check the housing demand
3. Get Estimates from HUD, FHA and VA
4. Check Local papers for bargain property
5. Visit them
6. Get ready a contractor
7. Bid your property!
8. Done! Haha

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Besides the tips, Skia also shared some insider tips that I DON”T KNOW at this moment.

1. Help lenders get out from Foreclosure properties. They don’t want this kind of so called REO - Real Estate Owned property.
2. Work with the FDIC and VA for flipping property

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Cool, there are pretty much of knowledge inside Skia’s “How to Statrt and Be Successfully in Flipping property” You should not miss it!

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