
Flipping Houses for Profit: Is it legit?

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Welcome to Kansas

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.

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A
Abbyville , Abilene, Admire, Agenda, Agra, Albert, Alden, Alexander, Allen, Alma, Almena, Alta Vista, Altamont, Alton, Altoona, Americus, Andale, Andover, Anthony, Arcadia, Argonia, Arkansas City, Arlington, Arma, Ashland, Assaria, Atchison, Athol, Atlanta, Attica, Atwood, Auburn, Augusta, Aurora, Axtell

B
Baldwin City , Barnard, Barnes, Bartlett, Basehor, Bassett, Baxter Springs, Bazine, Beattie, Bel Aire, Belle Plaine, Belleville, Beloit, Belpre, Belvue, Benedict, Bennington, Bentley, Benton, Bern, Beverly, Bird City, Bison, Blue Mound, Blue Rapids, Bluff City, Bogue, Bonner Springs, Bonner Springs (Wyandotte County), Brewster, Bronson, Brookville, Brownell, Bucklin, Buffalo, Buhler, Bunker Hill, Burden, Burdett, Burlingame, Burlington, Burns, Burr Oak, Burrton, Bushong, Bushton, Byers

C
Caldwell , Cambridge, Caney, Canton, Carbondale, Carlton, Cassoday, Cawker City, Cedar, Cedar Point, Cedar Vale, Centralia, Chanute, Chapman, Chase, Chautauqua, Cheney, Cherokee, Cherryvale, Chetopa, Cimarron, Circleville, Claflin, Clay Center, Clayton, Clayton (Norton County), Clearwater, Clifton, Clifton (Washington County), Climax, Clyde, Coats, Coffeyville, Colby, Coldwater, Collyer, Colony, Columbus, Colwich, Concordia, Conway Springs, Coolidge, Copeland, Corning, Cottonwood Falls, Council Grove, Countryside, Courtland, Coyville, Cuba, Cullison, Culver, Cunningham

D
Damar , Danville, De Soto, Dearing, Deerfield, Delia, Delphos, Denison, Denton, Derby, Dexter, Dighton, Dodge City, Dorrance, Douglass, Downs, Dresden, Dunlap, Durham, Dwight

E
Earlton , Eastborough, Easton, Edgerton, Edmond, Edna, Edwardsville, Effingham, El Dorado, Elbing, Elgin, Elk City, Elk Falls, Elkhart, Ellinwood, Ellis, Ellsworth, Elmdale, Elsmore, Elwood, Emmett, Emporia, Englewood, Ensign, Enterprise, Erie, Esbon, Eskridge, Eudora, Eureka, Everest

F
Fairview , Fairway, Fall River, Florence, Fontana, Ford, Formoso, Fort Riley North, Fort Riley North (Riley County), Fort Riley-Camp Whiteside, Fort Scott, Fowler, Frankfort, Frederick, Fredonia, Freeport, Frontenac, Fulton

G
Galatia , Galena, Galesburg, Galva, Garden City, Garden Plain, Gardner, Garfield, Garnett, Gas, Gaylord, Gem, Geneseo, Geuda Springs, Geuda Springs (Sumner County), Girard, Glade, Glasco, Glen Elder, Goddard, Goessel, Goff, Goodland, Gorham, Gove City, Grainfield, Grandview Plaza, Great Bend, Greeley, Green, Greenleaf, Greensburg, Grenola, Gridley, Grinnell, Gypsum

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I
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J
Jamestown , Jennings, Jetmore, Jewell, Johnson City, Junction City

K
Kanopolis , Kanorado, Kansas City, Kechi, Kensington, Kincaid, Kingman, Kinsley, Kiowa, Kirwin, Kismet

L
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N
Narka , Nashville, Natoma, Neodesha, Neosho Falls, Neosho Rapids, Ness City, Netawaka, New Albany, New Cambria, New Strawn, Newton, Nickerson, Niotaze, Norcatur, North Newton, Norton, Nortonville, Norwich

O
Oak Hill , Oaklawn-Sunview, Oakley, Oakley (Thomas County), Oberlin, Offerle, Ogden, Oketo, Olathe, Olivet, Olmitz, Olpe, Olsburg, Onaga, Oneida, Osage City, Osawatomie, Osborne, Oskaloosa, Oswego, Otis, Ottawa, Overbrook, Overland Park, Oxford, Ozawkie

P
Palco , Palmer, Paola, Paradise, Park, Park City, Parker, Parkerville, Parsons, Partridge, Pawnee Rock, Paxico, Peabody, Penalosa, Perry, Peru, Phillipsburg, Pittsburg, Plains, Plainville, Pleasanton, Plevna, Pomona, Portis, Potwin, Powhattan, Prairie View, Prairie Village, Pratt, Prescott, Preston, Pretty Prairie, Princeton, Protection

Q
Quenemo , Quinter

R
Radium , Ramona, Randall, Randolph, Ransom, Rantoul, Raymond, Reading, Redfield, Republic, Reserve, Rexford, Richfield, Richmond, Riley, Robinson, Roeland Park, Rolla, Rose Hill, Roseland, Rossville, Rozel, Rush Center, Russell, Russell Springs

S
Sabetha , Sabetha (Nemaha County), Salina, Satanta, Savonburg, Sawyer, Scammon, Scandia, Schoenchen, Scott City, Scottsville, Scranton, Sedan, Sedgwick, Sedgwick (Sedgwick County), Selden, Seneca, Severance, Severy, Seward, Sharon, Sharon Springs, Shawnee, Silver Lake, Simpson, Simpson (Mitchell County), Smith Center, Smolan, Soldier, Solomon, South Haven, South Hutchinson, Spearville, Speed, Spivey, Spring Hill, Spring Hill (Miami County), St. Francis, St. George, St. John, St. Marys, St. Marys (Wabaunsee County), St. Paul, Stafford, Stark, Sterling, Stockton, Strong City, Sublette, Summerfield, Sun City, Susank, Sylvan Grove, Sylvia, Syracuse

T
Tampa , Tescott, Thayer, Timken, Tipton, Tonganoxie, Topeka, Toronto, Towanda, Treece, Tribune, Troy, Turon, Tyro

U
Udall , Ulysses, Uniontown, Utica

V
Valley Center , Valley Falls, Vermillion, Victoria, Vining, Vining (Washington County), Viola, Virgil

W
WaKeeney , Wakefield, Waldo, Waldron, Wallace, Walnut, Walton, Wamego, Washington, Waterville, Wathena, Waverly, Webber, Weir, Wellington, Wellsville, West Mineral, Westmoreland, Westphalia, Westwood, Westwood Hills, Wetmore, Wheaton, White City, White Cloud, Whitewater, Whiting, Wichita, Willard, Willard (Wabaunsee County), Williamsburg, Willis, Willowbrook, Wilmore, Wilsey, Wilson, Winchester, Windom, Winfield, Winona, Woodbine, Woodston

Y
Yates Center

Z
Zenda , Zurich

Flipping Houses for Profit: Is it legit?

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