Flipping houses is a popular way to make money in real estate. Buy a distressed house. Fix it up. Sell it at a profit. But maximizing your profit isn’t easy.

Here are some tips to make the most money.

Do Your Market Research

Know the market where you’re buying. Do some research on what types of homes are selling in the area. Look at the neighborhood. What are some improvements that people want in that neighborhood? Don’t forget to really look at the house, too. You don’t want to have make major repairs which will eat into your profits. You’re looking for a home that needs cosmetic improvements to maximize your profits.

Choose Entry-Level Homes

The demand for high-end real estate fluctuates, but even in tough times, people want to buy standard homes for their family. Choose homes with three to four bedrooms that will work for a family. You want to make sure that you will be able to sell the property quickly once it’s finished.

Choose an Up-and-Coming Neighborhood

When you’re flipping houses, you can change the house, but you can’t do anything about the neighborhood. Choose homes in neighborhoods where people are buying. Look for areas where homes aren’t staying on the market very long. The longer it takes to sell that house, the less profits you earn.

Work With a Team

Have a group of people who can help you find the homes that are worth flipping. You’ll want a home inspector you trust. Get your realtor on your side. Have contractors and builders who can help you with renovations without taking too much of your profits. Know what you can do on your own and where you should hire professionals.

Contact the financial specialists with Integrity Financial Capital for financing options if you’re flipping houses.