
Flipping Houses for Profit: Is it legit?

________________________

Welcome to Nebraska

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

Grand Island
Hastings
Kearney
Lincoln
North Platte
Omaha
Scottsbluff
Wahoo

A
Abie , Adams, Ainsworth, Albion, Alda, Alexandria, Allen, Alliance, Alma, Alvo, Amherst, Anoka, Anselmo, Ansley, Arapahoe, Arcadia, Arlington, Arnold, Arthur, Ashland, Ashton, Atkinson, Atlanta, Auburn, Aurora, Avoca, Axtell, Ayr

B
Bancroft , Barada, Barneston, Bartlett, Bartley, Bassett, Battle Creek, Bayard, Bazile Mills, Beatrice, Beaver City, Beaver Crossing, Bee, Beemer, Belden, Belgrade, Bellevue, Bellwood, Belvidere, Benedict, Benkelman, Bennet, Bennington, Bertrand, Berwyn, Big Springs, Bladen, Blair, Bloomfield, Bloomington, Blue Hill, Blue Springs, Boys Town, Bradshaw, Brady, Brainard, Brewster, Bridgeport, Bristow, Broadwater, Brock, Broken Bow, Brownville, Brule, Bruning, Bruno, Brunswick, Burchard, Burr, Burton, Burwell, Bushnell, Butte, Byron

C
Cairo , Callaway, Cambridge, Campbell, Carleton, Carroll, Cedar Bluffs, Cedar Creek, Cedar Rapids, Center, Central City, Ceresco, Chadron, Chalco, Chambers, Chapman, Chappell, Chester, Cisco, Clarks, Clarkson, Clatonia, Clay Center, Clearwater, Clinton, Cody, Coleridge, Colon, Columbus, Comstock, Concord, Cook, Cordova, Cornlea, Cortland, Cotesfield, Cowles, Cozad, Crab Orchard, Craig, Crawford, Creighton, Creston, Crete, Crofton, Crookston, Culbertson, Curtis, Cushing

D
Dakota City , Dalton, Danbury, Dannebrog, Davenport, Davey, David City, Dawson, Daykin, De Witt, Decatur, Denton, Deshler, Deweese, Diller, Dix, Dixon, Dodge, Doniphan, Dorchester, Douglas, Du Bois, Dunbar, Duncan, Dunning, Dwight

E
Eagle , Eddyville, Edgar, Edison, Elba, Elgin, Elk Creek, Elkhorn, Elm Creek, Elmwood, Elsie, Elwood, Elyria, Emerson, Emerson (Dixon County), Emerson (Thurston County), Emmet, Endicott, Ericson, Eustis, Ewing, Exeter

F
Fairbury , Fairfield, Fairmont, Falls City, Farnam, Farwell, Filley, Firth, Fordyce, Fort Calhoun, Foster, Franklin, Fremont, Friend, Fullerton, Funk

G
Gandy , Garland, Garrison, Geneva, Genoa, Gering, Gibbon, Gilead, Giltner, Glenvil, Goehner, Gordon, Gothenburg, Grafton, Grand Island, Grant, Greeley Center, Greenwood, Gresham, Gretna, Gross, Guide Rock, Gurley

H
Hadar , Haigler, Hallam, Halsey, Halsey (Thomas County), Hamlet, Hampton, Harbine, Hardy, Harrisburg, Harrison, Hartington, Harvard, Hastings, Hay Springs, Hayes Center, Hazard, Heartwell, Hebron, Hemingford, Henderson, Hendley, Henry, Herman, Hershey, Hickman, Hildreth, Holbrook, Holdrege, Holstein, Homer, Hooper, Hordville, Hoskins, Howard City, Howells, Hubbard, Hubbell, Humboldt, Humphrey, Huntley, Hyannis

I
Imperial , Indianola, Inglewood, Inman, Ithaca

J
Jackson , Jansen, Johnson, Johnstown, Julian, Juniata

K
Kearney , Kenesaw, Kennard, Kilgore, Kimball

L
La Vista , Lamar, Laurel, Lawrence, Lebanon, Leigh, Leshara, Lewellen, Lewiston, Lexington, Liberty, Lincoln, Lindsay, Linwood, Litchfield, Lodgepole, Long Pine, Loomis, Lorton, Louisville, Loup City, Lushton, Lyman, Lynch, Lyons

M
Macy , Madison, Madrid, Magnet, Malcolm, Malmo, Manley, Marquette, Martinsburg, Maskell, Mason City, Maxwell, Maywood, McCook, McCool Junction, McGrew, McLean, Mead, Meadow Grove, Melbeta, Memphis, Merna, Merriman, Milford, Miller, Milligan, Minatare, Minden, Mitchell, Monowi, Monroe, Moorefield, Morrill, Morse Bluff, Mullen, Murdock, Murray

N
Naper , Naponee, Nebraska City, Nehawka, Neligh, Nelson, Nemaha, Nenzel, Newcastle, Newman Grove, Newman Grove (Platte County), Newport, Nickerson, Niobrara, Nora, Norfolk, Norman, North Bend, North Loup, North Platte

O
Oak , Oakdale, Oakland, Obert, Oconto, Octavia, Odell, Offutt AFB, Ogallala, Ohiowa, Omaha, O'Neill, Ong, Orchard, Ord, Orleans, Osceola, Oshkosh, Osmond, Otoe, Overton, Oxford, Oxford (Harlan County)

P
Page , Palisade, Palisade (Hitchcock County), Palmer, Palmyra, Panama, Papillion, Pawnee City, Paxton, Pender, Peru, Petersburg, Phillips, Pickrell, Pierce, Pilger, Pine Ridge, Plainview, Platte Center, Plattsmouth, Pleasant Dale, Pleasanton, Plymouth, Polk, Ponca, Potter, Prague, Preston, Primrose, Prosser

R
Ragan , Ralston, Randolph, Ravenna, Raymond, Red Cloud, Republican City, Reynolds, Richland, Rising City, Riverdale, Riverton, Roca, Rockville, Rogers, Rosalie, Roseland, Royal, Rulo, Rushville, Ruskin

S
Salem , Santee, Sargent, Saronville, Schuyler, Scotia, Scottsbluff, Scribner, Seneca, Seward, Shelby, Shelton, Shickley, Sholes, Shubert, Sidney, Silver Creek, Smithfield, Snyder, South Bend, South Sioux City, Spalding, Spencer, Sprague, Springfield, Springview, St. Edward, St. Helena, St. Paul, Stamford, Stanton, Staplehurst, Stapleton, Steele City, Steinauer, Stella, Sterling, Stockham, Stockville, Strang, Stratton, Stromsburg, Stuart, Sumner, Superior, Surprise, Sutherland, Sutton, Swanton, Syracuse

T
Table Rock , Talmage, Tarnov, Taylor, Tecumseh, Tekamah, Terrytown, Thayer, Thedford, Thurston, Tilden, Tilden (Madison County), Tobias, Trenton, Trumbull, Trumbull (Clay County)

U
Uehling , Ulysses, Unadilla, Union, Upland, Utica

V
Valentine , Valley, Valparaiso, Venango, Verdel, Verdigre, Verdon, Virginia

W
Waco , Wahoo, Wakefield, Wakefield (Wayne County), Wallace, Walthill, Washington, Waterbury, Waterloo, Wauneta, Wausa, Waverly, Wayne, Weeping Water, Wellfleet, West Point, Western, Weston, Whitney, Wilber, Wilcox, Wilsonville, Winnebago, Winnetoon, Winside, Winslow, Wisner, Wolbach, Wood Lake, Wood River, Wymore, Wynot

Y:
York , Yutan

Flipping Houses for Profit: Is it legit?

Welcome to Nebraska