According to Flipping House Tips.com, “flipping houses for profit - buying, refurbishing, and re-selling properties - is one of the most popular ways of making money from the property market. Whether you are buying ugly houses for a major makeover or undertaking more cosmetic home improvements, making the right decisions at each step of the process is critical to the financial outcome.”

The video below, taken from ABC News, Money Matters features Barbara Corcoran, founder of the Corcoran Group who discusses the pros and cons of property flipping.

*The Corcoran Group was founded in 1973 in New York City. Corcoran began her journey by targeting specific neighborhoods and concentrating on higher-end properties. With that strategy, the company quickly rose to prominence and, thanks to the acquisition of major real estate companies in Manhattan and Brooklyn, today is one of the largest residential real estate firms in New York City.