Flipping houses—buying real estate and quickly reselling it at a profit—can be both financially and personally rewarding. Whether as a hobby or a full-time job, it’s a short-term investment with potentially limitless opportunity. Before you start searching for homes for sale, read this guide to learn a bit about how to get into the business of flipping.

Do Your Research

Success in the real estate market depends on research. It’ll tell you what type of return to expect and which properties in a targeted area, including amenities, features, and locations, are desirable and likely to move fast. Collect all pertinent information about taxes, fees, regulations, and statues applicable to home sales. It also helps to talk with an experienced real estate agent and someone who runs a house-flipping business.

Assemble a Team

Most people can’t handle every task of flipping a property on their own. A team of qualified professionals will ensure success. Determine who will fund purchases, whether you’re working with partners or third-party investors. Find a real estate agent to help you analyze the market, search for homes for sale, and handle transactions. You should hire a home inspector to apprise you of a property’s condition and a team of contractors to handle any renovations that you can’t make yourself. Seek legal counsel to advise you about titles, liens, foreclosures, repossessed properties, financial agreements, and major investments.

When you’re ready to start flipping homes for sale, talk with the team at Hensley Realty Co in Russell, KY. Their team has over 40 years of industry experience and will guide you through the purchase, closing, and reselling process, including transactions involving repossessed homes. They’ll help you find lucrative real estate listings for your new flipping enterprise. Start browsing their featured listings online, or call (606) 836-9770 to speak with an agent.