How can I learn about flipping houses?

jimbog

On many episodes of HUTH they only walk away with a minimal profit after taking into account fees etc (that's if you believe that they are being honest as to what their costs were).

Considering it has taken them months of hard work (and stress) they would have made as much flipping burgers at McDonalds

Section62

AFF8879 said:

You say you currently rent, well with £20k I’d be far more inclined to use that as a deposit to buy a small flat/ starter home to live in yourselves as a first time buy.

Very much that.

If the OP has not previously owned property then buying something cheap to flip will probably use up their once-in-a-lifetime advantages of being a FTB.

In the wrong circumstances the potential financial loss from not having FTB status when buying a (more expensive) home to live in may well exceed the total profit made as a result of successfully completing several flips. That could mean a lot of work and risk just to find you've managed to break even.

london21

programmes like HUTH has made the market so saturated. Lots of people go into it optimistic and not aware of all the not so glamorous side. 

action property so much fees and risk involved, some properties wont be able to get a mortgage might have to use bridging loan for example which is extra costs.

So many people ripping others off selling online courses selling fake dreams lol. The income they make from the online courses, they use to buy theirs.