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If you want to flip a house, ask a real estate agent familiar with the local market for help choosing a property to fix up and sell for a profit.

If you make expensive improvements, you might not recoup the money.

If you upgrade a house too much, it might be too expensive to attract a buyer.

Set a budget, but remember that renovations often cost more and take longer than anticipated.

If you have construction experience, you might save money by doing work yourself, but it could take longer to finish the project.

Don’t borrow money to flip a house. Loan costs and interest could force you to sell low.

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