House flipping -- buying and renovating a house to sell for profit -- is currently the hottest trend spreading through the real estate industry. A "flip" occurs when an individual purchases a home, remodels the home in a short period of time (anywhere from 3 weeks to 4 months) and then re-sells the home for a profit.
Flip That House is a new series for Discovery Home that dives into this very craze. Each episode is a fun, fast half hour that will document the entire flipping process of one house.
John T. Reed is one of the few real RE gurus. Yeah, he uses that term too lol! His page is worth reading, every word, ever review, everything. His newsletter is pennies compared to buying a house, and probably well worth getting too - I read the sample copy and it's up to date on reality not RE agent propaganda.
k Nation (Jim Kunstler)
GAIA Host Collective
http://home.discovery.com/tuneins/flipthathouse/flipthathouse.htmlFlipping real estate by John T. Reed
My how things have changed since then in the housing market.