[azasadny]

I've seen successful "flippers" and my next-door neighbor is one. From one I've gathered the most important points are:

- Buy the "right" house in the "right" neighborhood at the "right" price (most important factors)

- Make the "right" improvements yourself or hire the "right" contractor

- Sell the house at the "right" time

Obviously, it takes alot of knowledge and experience to know what these "rights" are, but I've seen people make alot of $ doing it successfully. Factor in the value of your time and labor, nothing is "free" and it takes much work to make "flipping" profitable and enjoyable.