Flipping houses can be a profitable endeavor but it is important to work with an experienced real estate agent to find a potential property. A successful flip requires the perfect combination of a great location and the right price with plenty of room to increase the value of the home. A real estate agent has the experience and knowledge to help you locate properties that hit all the right criteria to be a successful flip and help you avoid properties and locations with hidden pitfalls.
A real estate agent can also help you determine which renovations will give you the best return on investment and give you valuable insight into the type of lifestyle that is represented in the neighborhood. This can help avoid wasting money on renovations that will not bring profit and also help you choose styles, finishes and features that will appeal to potential buyers. – Jayson Shmyrko, CIR Realty, www.flippinghousescalgary.com