Buy a distressed house, make repairs and sell it for a higher price that provides profit. Even rookies entering the market know there is much more to it, and that includes finding ways to increase your profit.

You can earn more money than expected following two specific strategies on the process. One is to focus on limiting and reducing all kinds of costs you can without affecting the quality. The other is to add value to the house without increasing the costs in the same ratio.

Both strategies can work perfectly together, which is why you shouldn't wonder which one works better to make more money flipping houses.

You are here to know how to profit more from this business, so let's get to the real deal. Coming next, you'll read a few hints that may improve your profit if you are not using them already.

Best Tips to Make More Money on House Flipping

1. Low-Cost Financing

Not everyone has all the money necessary for the purchase and repairments, or maybe they don't want to invest all the capital at once os it’s likely you’ll need to seek excellent financing options at some point.

However, choosing the very first or easiest option you find may cost more in the long-term, when you realize how much you are paying for interest. Instead, you should look for better choices that have lower costs.

One option is to ask for a loan from family and friends if you have people willing to help with a short-term loan with low or no interest. Instead, you can promise some of the profit from the project. It's a risky choice from the social point of view, and it’s not an option that’s available to everyone. You need to be careful not to risk your relationship with those people. 

In case that's not available, you can also seek an investor promising some participation. Unlike family, investors probably won’t support your dream blindly. They want to be confident in your ability to turn a profit and make them money on their investment.  Therefore, this will work if you have more experience and a profit history already. There are other good ways to get fix and flip loans you can learn more about in case you aren't successful with other options.

2. Become a Real Estate Agent

That's right. Even though it may sound like too much for some people, it will help along the way. It may generate some stress initally, especially for those who want house flipping as a side hustle, but it's worth it.

You might be asking: why? Well, it should already be a consideration if you want to make house flipping your full-time business. After all, that's the obvious decision when you really want to profit from something: you must dedicate yourself to it.

Agents can write their own offers when purchasing homes in need of repair and for a fair price. Also, you will be able to set up the showing yourself. And, most important of all, you'll be either making better offers or already making more money by eliminating commissions.

Those are more than reasonable motivations, and you can quickly discover how to become a real estate agent online. It's worth it if you are indeed looking to make a considerable sum of money from house flipping.

3. Go Low-end

High-end houses which cost a lot and can have a very high price when finished and may not be the best choice for making more money. The main reason being the reduction of risk.

Any investor knows that you must diversify your investments to avoid losing a lot at once. Yes, it's possible to earn a lot by flipping a single high-end house. However, you may struggle in selling it or lose a lot if that's your only home venture at the moment.

Therefore, it's preferable to have a few low-end houses, which you do everything possible to flip and sell for a reasonable profit. If one goes wrong, your income is lower but still safer than having an expensive house on the market that just won’t sell.

Learn how to find a nice house to flip and reduce the risk by have more than one in-process flip in your portfolio.

The Bottom Line

The obvious way to make more money flipping houses is to purchase for the lowest price and sell for the highest possible value. Use these tips wisely and you’ll be on the path towards increasing your revenue.