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Community Corner

House Hunt—Flip This!

Each Thursday we feature great homes for sale in West Cobb, Paulding and Douglas counties.

"Flipping" houses has become a popular and profitable way to make money through investment buying. Buy a fixer-upper at a cheap price and put a little money into it for repair. "Flipping," or putting it right back on the market for a higher price, is what makes it a "flipper."

In many instances, only inexpensive cosmetic changes are needed to give a home curb appeal and sell faster. With the current market slump, it is the perfect time to buy. You must be careful, though, and buy smart. And you must be prepared to wait out the slump as the market makes its slow, upward rise over the next few years. Still, real estate investments are more likely to yield much higher returns on your dollars spent than some other investment choices, like annuities. Don’t expect to get rich overnight—but do take advantage of the ridiculously low prices on properties with long-term profits in mind.

This week House Hunt offers some great "flippers" in the $30,000 - $40,000 price range. From the three-bedroom home on Hilltop Drive in Douglasville for $32,500, to the four-bedroom home on Pinto Drive in Powder Springs for $40,000, all of the featured homes are perfect for investment buying.

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Click through the image gallery to preview the featured homes. Descriptions, prices and need-to-know information are listed with each photograph. All featured homes require an appointment to view.

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