University of Cincinnati

Flipping houses isn't the cakewalk you see on TV

Flipping houses isn't the cakewalk you see on TV

DEAR TIM: I've decided it's time to take a chance and flip a house that was built in the 1890s. I've watched plenty of shows on cable TV and feel it can't be that hard. Have you ever done this type of construction work? What did you experience, and would you do it again? Are there unknown dangers, and how risky do you feel it is? It seems like it's an easy way to make a sizable profit. --Paul T., Erlanger, Ky.

DEAR PAUL: The first few years of my construction career were spent cutting my teeth, fingers, arms and legs rehabbing houses. Back years ago, that was the word used to describe what you're thinking about doing. I could talk to you for hours about the challenges that lie ahead...

44°