To Get Rich Flipping Real Estate, you have to acquire a loan that is much lower than the one you currently have for the home you live in and purchase another home for about 70 percent or less than its true value. After that, select a desirable location. Then, seek out dilapidated homes in nice areas that have no major structural defects. Next, Become a home improvement expert and do the work yourself. Forth, rent the house out after you make the improvements if the market is slow and you cannot sell it right away.
After that, Form relationships with real estate agents and contractors who may eventually be in a position to do business with you for less than their standard fees. Then, inspect the house from top to bottom, fix only the worst cosmetic blemishes and sell it as a handyman special.