
Flipping Houses for Profit: Is it legit?

________________________

Welcome to Idaho

Turn on the television--especially TLC, Discovery or HGTV--and you'll see people buying rundown houses, fixing them up, and selling them for big money. "Flip This House", "Flip That House" and "Property Ladder" are raking in big ratings. But is that for real?

Maybe. Maybe not. Some television shows have recently been given a black eye when documentation has shown that some of the "deals" on shows were not real deals after all. Some were outright fabrications.

But, you can make money buying these houses if you know what you are doing. First, you have to buy it at a steep discount...much steeper than you will find without hard work. Also remember that the tax burden on these is not insignificant...depending on where you live and what tax bracket you are in, you can expect to give half of your profit to Uncle Sam. And, of course, the contractors you use are key. Some know what they are doing, some do not. A bad contractor can cost you a lot of money. Rely on a knowledgeable real estate investor or realtor if you are a novice.

AL | AL | AZ | AR | CA | CO | CT | DE | D.C. | FL | GA | HI | ID | IL | IN | IA| KN | KY | |LA | |ME | MD | MA | MI | MN | MI | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | RI | SC | SD | TN | TX | UT | VT | VA | WA | WV | WI | WY

College 529 Savings Plans

Boise
Coeur d'Alene
Idaho Falls
Lewiston
Moscow
Nampa
Pocatello
Sandpoint
Sun Valley
Twin Falls

A
Aberdeen
Acequia
Albion
American Falls
Ammon
Arco
Arimo
Ashton
Athol
Atomic City

B
Bancroft
Basalt
Bellevue
Blackfoot
Bliss
Bloomington
Boise
Bonners Ferry
Bovill
Buhl
Burley
Butte City

C
Caldwell
Cambridge
Carey
Cascade
Castleford
Challis
Chubbuck
Clark Fork
Clayton
Clifton
Coeur d'Alene
Cottonwood
Council
Craigmont
Crouch
Culdesac

D
Dalton Gardens
Dayton
Deary
Declo
Dietrich
Donnelly
Dover
Downey
Driggs
Drummond
Dubois

E
Eagle
East Hope
Eden
Elk River
Emmett

F
Fairfield
Ferdinand
Fernan Lake Village
Filer
Firth
Franklin
Fruitland

G
Garden City
Genesee
Georgetown
Glenns Ferry
Gooding
Grace
Grand View
Grangeville
Greenleaf

H
Hagerman
Hailey
Hamer
Hansen
Harrison
Hauser
Hayden
Hayden Lake
Hazelton
Heyburn
Hollister
Homedale
Hope
Horseshoe Bend
Huetter

I
Idaho City
Idaho Falls
Inkom
Iona
Irwin
Island Park

J
Jerome
Juliaetta

K
Kamiah
Kellogg
Kendrick
Ketchum
Kimberly
Kooskia
Kootenai
Kuna

L
Lapwai
Lava Hot Springs
Leadore
Lewiston
Lewisville

M
McCall
McCammon
Mackay
Malad City
Malta
Marsing
Melba
Menan
Meridian
Middleton
Midvale
Minidoka
Montpelier
Moore
Moscow
Mountain Home
Moyie Springs
Mud Lake
Mullan
Murtaugh

N
Nampa
Newdale
New Meadows
New Plymouth
Nezperce
Notus

O
Oakley
Oldtown
Onaway
Orofino
Osburn
Oxford

P
Paris
Parker
Parma
Paul
Payette
Peck
Pierce
Pinehurst
Placerville
Plummer
Pocatello
Ponderay
Post Falls
Potlatch
Preston
Priest River

R
Rathdrum
Reubens
Rexburg
Richfield
Rigby
Riggins
Ririe
Roberts
Rockland
Rupert

S
St. Anthony
St. Charles
St. Maries
Salmon
Sandpoint
Shelley
Shoshone
Smelterville
Soda Springs
Spencer
Spirit Lake
Stanley
Star
State Line
Stites
Sugar City
Sun Valley
Swan Valley

T
Tensed
Teton
Tetonia
Troy
Twin Falls

U
Ucon

V
Victor

W
Wallace
Wardner
Warm River
Weippe
Weiser
Wendell
Weston
White Bird
Wilder
Winchester
Worley

Flipping Houses for Profit: Is it legit?

Welcome to Idaho