It seems to be the American dream now-a-days. Some call it flipping properties, some say rehabbing, others call them fixer uppers, but the goal here is to find a home that can be purchased for below market value, fix it up and sell it for a profit. It sounds pretty easy. Everyone seems to be trying it these days. And if you play your cards right you could pocket $250,000 (or $500,000 if you’re married) tax free evry 2 years. However, it’s not as easy as it sounds. And quite honestly, one of the biggest challenges in flipping properties is buying the right home and buying it for the right price. Here are a few tips for finding the best fixer upper houses.

• Location, location, location!!!!
• Good schools
• Low crime rates
• Avoiding potential fixer upper pitfalls