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HOW TO FLIP AN OLD PROPERTY SUCCESSFULLY
Property is, and probably always will be, an excellent way to make money. Although it’s not a quick process, and you will have to invest a fairly substantial amount to begin with, if you plan well and choose wisely, you could be very comfortable with the income property gives you.
Some people are content to find a great mortgage adviser, buy a house, live in it while paying off the mortgage, and then sell it to fund their retirement. Others will buy a house and rent it out, gaining an income while the mortgage is paid. Then there are others who will buy a house, make it look beautiful, and then sell it for a profit in a relatively short space of time – at least compared to the other options. This is called flipping and can be lucrative when done right. It starts with choosing the right property; you’ll want a cheap one, but one that isn’t completely falling apart so you don’t have to spend too much money on it. Read on to find out what to do next.