
Flipping Houses for Profit: Is it legit?

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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
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E
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F
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H
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N
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O
Oak Grove , Oak Grove (Jackson County), Oak Grove (Lafayette County), Oak Ridge, Oakland, Oaks, Oakview, Oakville, Oakwood, Oakwood Park, Odessa, O'Fallon, Old Appleton, Old Monroe, Olean, Olivette, Olympian Village, Oran, Oregon, Oronogo, Orrick, Osage Beach, Osage Beach (Miller County), Osborn, Osborn (De Kalb County), Osceola, Osgood, Otterville, Overland, Owensville, Ozark

P
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Q
Queen City , Quitman, Qulin

R
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S
Saginaw , Salem, Salisbury, Sappington, Sarcoxie, Savannah, Schell City, Scotsdale, Scott City, Scott City (Scott County), Sedalia, Sedgewickville, Seligman, Senath, Seneca, Seymour, Shelbina, Shelbyville, Sheldon, Shell Knob, Shell Knob (Stone County), Sheridan, Shoal Creek Drive, Shoal Creek Estates, Shrewsbury, Sibley, Sikeston, Sikeston (Scott County), Silex, Silver Creek, Skidmore, Slater, Smithton, Smithville, South Gifford, South Gorin, South Greenfield, South Lineville, South West City, Spanish Lake, Sparta, Spickard, Spokane, Springfield, Springfield (Greene County), St. Ann, St. Charles, St. Clair, St. Cloud, St. Elizabeth, St. George, St. James, St. John, St. Joseph, St. Louis, St. Martins, St. Mary, St. Paul, St. Peters, St. Robert, St. Thomas, Stanberry, Stark City, Ste. Genevieve, Steele, Steelville, Stella, Stewartsville, Stockton, Stotesbury, Stotts City, Stoutland, Stoutland (Laclede County), Stoutsville, Stover, Strafford, Strasburg, Sturgeon, Sugar Creek, Sugar Creek (Jackson County), Sullivan, Sullivan (Franklin County), Summersville, Summersville (Texas County), Sumner, Sundown, Sunrise Beach, Sunrise Beach (Morgan County), Sunset Hills, Sweet Springs, Sycamore Hills, Syracuse

T
Table Rock , Tallapoosa, Taneyville, Taos, Tarkio, Tarrants, Thayer, Theodosia, Tightwad, Tina, Tindall, Tipton, Town and Country, Tracy, Trenton, Trimble, Triplett, Troy, Truesdale, Truxton, Turney, Tuscumbia, Twin Bridges, Twin Oaks

U
Umber View Heights , Union, Union Star, Unionville, Unity Village, University City, Uplands Park, Urbana, Urich, Utica

V
Valley Park , Van Buren, Vandalia, Vandalia (Ralls County), Vandiver, Vanduser, Velda City, Velda Village Hills, Verona, Versailles, Viburnum, Vienna, Villa Ridge, Village of Four Seasons, Vinita Park, Vinita Terrace, Vista

W
Waco , Walker, Walnut Grove, Wardell, Wardsville, Warrensburg, Warrenton, Warsaw, Warson Woods, Washburn, Washington, Watson, Waverly, Wayland, Waynesville, Weatherby, Weatherby Lake, Weaubleau, Webb City, Webster Groves, Weldon Spring, Weldon Spring Heights, Wellington, Wellston, Wellsville, Wentworth, Wentzville, West Alton, West Line, West Plains, Westboro, Weston, Westphalia, Westwood, Wheatland, Wheaton, Wheeling, Whiteman AFB, Whiteside, Whitewater, Wilbur Park, Wildwood, Willard, Williamsville, Willow Springs, Wilson City, Winchester, Windsor, Windsor (Pettis County), Winfield, Winona, Winston, Woods Heights, Woodson Terrace, Wooldridge, Worth, Worthington, Wright City, Wyaconda, Wyatt

Z
Zalma

Flipping Houses for Profit: Is it legit?

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