We hear a lot about "Flipping Houses" these days and there are all kinds of shows on television about it, but can it be as easy as it looks? Flipping a house is when a real estate investor (the buyer) buys a home that is in foreclosure, really cheap or usually at an auction, fixes it up and resells the house at a great profit There is a ton of money to be made in house flipping but beware. You need to put the effort into educating yourself before you begin because a few common mistakes can cost you big time Today's market is ripe for house flipping and with some hard work, knowledge and a little luck there is a fortune to be made in this market. So let us take a look at how this all works.