Source: Trulia

While location is key in almost any real estate transaction, that’s not all you should consider when purchasing a property you intend to “flip.” You need to examine the home room by room, looking for potential ways to make it marketable. 

“Flipping real estate is all about minimizing risk,” says Robin Mathis, a settlement attorney in Fairfax, Va., who flips homes with her husband, Mike Irvin. “It’s not something to go into lightly.” 

With that in mind, here are some details to mull over before you buy.

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