Consider HUD Homes, which are FHA foreclosure properties that may be offered at deep discounts.If all it takes to bring a home in line is a paint job, landscaping or a garage addition, you might have a good flip possibility The ideal candidate is a home with issues that are primarily cosmetic or just not up to the neighborhood's standards. If the deal still looks good, get an inspection or have a knowledgeable friend check out the place to see if the home is basically sound.You want a substantial discount on those similar homes to make fixing and flipping viable Compare the price of the property you're considering with recent sales prices of non-distressed properties nearby.Neighborhoods with improving schools have some upside Homes in areas with great schools tend to hold value better, but they can lose value if the schools slip. The worst home in a good neighborhood is better than the best home in a not-great neighborhood Avoid high crime areas and those with prices going down and many homes on the market. The idea is to catch an up-and-coming neighborhood early. Look for rising sales, economic growth, and increasing prices. That means checking out public records for home sales. How do you know a good buy from a poor investment? The best candidates for a good flip tend to have these things in common: You may look at 50 properties before you find one that pencils out. That means a lot of upfront research and legwork. The first thing professional investors will tell you is that you make your profit when you buy a house, not when you sell it. See today's mortgage rates How to flip a house If you have a clear head and a thick skin. So, yes, you may be able to make a living flipping houses. ATTOM Data Solutions reported that home flipping slowed during the second quarter of 2020, but the average flip netted the seller a gross profit of $67,902, a return of 41.3%. How much can you make flipping houses for a living? Potentially, a lot. Is it possible today to flip houses for a living? Many experts say yes.

House flipper salary