Have you been thinking about "flipping"?

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There is a lot of discussion and activity in the construction and real estate market about "flipping" houses. It's something we have done a lot of, I think we did six in 2013 alone. It's a rewarding process if you pick the right one, take the "ugly duckling" so to speak, on the block and turn it into a clean, attractive and safe home that can be used for many years without a lot of attention. I would say from a construction standpoint, finding one with good "bones" is really important. I mean that the home needs to have good structural integrity, foundation and general lay-out. Many homes suffer from a lack of regular maintenance, paint, caulking, good roof, clean gutters etc. These maintenance issues can really affect the integrity of a home, but they are not deal killers if you know what to look for. Any honest and experienced contractor should be able to take an hour and tell you the "general" condition of the home. Bottom line, buying a "basket case" on the down low and then putting money into it to either keep and live in, or sell and move on can be a very rewarding process. And either way, sell or keep, you can now that you improved the quality of someones life and helped bring up the value of neighboring properties.