FixMyHomeForProfit provides information, tools, and services for house flipping. We believe in transparency. Here are the limits and risks:
Any examples of income, resale profits, cost savings, or case studies are for illustrative purposes only. They do not guarantee you will achieve the same results.
Your results depend on many factors including, but not limited to: purchase price, renovation scope, material costs, contractor reliability, local market demand, property condition, holding costs, and financing terms.
Renovation projects often uncover hidden problems (foundation, electrical, plumbing, mold, permits issues).
Supply cost fluctuations, labor delays, permit delays, or zoning problems can significantly increase costs or time.
Market downturns may affect resale value or demand, reducing profit or even causing loss.
Gains from flipping properties are typically treated as ordinary business income, not passive income. You may face self-employment tax, capital gains issues depending on holding period. Visio Lending+2HG.org+2
Local, state, and federal taxes, property taxes, insurance, carrying costs (utilities, insurance, finance charges) must be factored.
Ensure compliance with all local building codes, permit rules, zoning laws.
Sellers may be required under local or state law to disclose past flips, renovations, structural issues, or defects. Hart Kienle Pentecost Attorneys at Law+1
Be aware of rules such as FHA flipping rules and other government restrictions or legal requirements. Rocket Mortgage+1
Nothing on this site should be taken as legal, tax, financial, or real estate advice tailored to your specific situation.
Always consult with licensed professionals (real estate attorneys, tax advisors, contractors, inspectors) before making property or investment decisions.
You are responsible for making your own decisions and conducting due diligence.
By using our content, tools, or services, you acknowledge you accept these risks and disclaimers.