House flipping – golden rules and biggest risks

Flipping is the intensive art of buying ruined apartments, renovating them quickly, and reselling them with a substantial profit. The most important, ironclad rule says: profit is made at the moment of purchase, not sale. A flipper's biggest enemy is underestimating the hidden costs of construction work. For this model to function at all in times of high interest rates, it is absolutely necessary to eliminate real estate agencies. Paying a broker's margin upon purchase and then upon sale would eat up the lion's share of the hard-earned profit.