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The ultimate guide to house flipping, according to pros who have made millions by renovating hundreds of homes

10 days ago   |   By Business Insider

Summary List Placement
Tarek El Moussa paid $115,000 for the first house he ever flipped, according to CNBC. He and his ex-wife, Christina Anstead, then spent $15,000 to renovate the fixer-upper in Santa Ana, California. They sold it for $169,000 for a profit of $34,000.
That makeover, in 2010, launched the popular HGTV show "Flip or Flop" - and inspired Americans to try their hand at the potentially lucrative business of house flipping.
Put simply, the process involves the purchase, renovation, and sale of a home for profit. And in theory, the strategies for success are similarly simple...
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