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  1. Flipping requires the ability to buy the right house, in the right place, at the right price. You have to decide very quickly as soon as you see a good opportunity because if it's something good at a good price then other people with much more knowledge will also be interested in the house (there is a lot of competition for every good opportunity usually) you need a team you can really trust! This is definitely not a project for beginners. Experienced flippers lose money on projects sometimes. You can easily lose money. It took me two years and 30 buy&hold projects to learn the field until I found a contractor you can trust...