[gr8fl4porsche]

1. It's never too late.
2. If you buy a house, put value into it in the form of repairs and improvements and then resell, you are rehabbing not flipping. Flipping something involves buying at below market value and reselling for market value without any improvements. Anytime you have 'value added' it is called business. Rehabbing is hard work and you need cheap dependable help. Good luck finding competent contractors who work cheap.
3. A flip involves buying the property, holding it for an undetermined amount of time and reselling it for a profit. Flips only work when the market is skyrocketing or you come across a great deal that noone else knows about.