An animal is a wonderful companion. With that said, pets pose quite a disaster to homeowners and house-flippers. One has to watch out for urine, fecal matter, dandruff, and other common issues pet owners face. Get your black light and nose ready to check for these common problems when flipping a house. There are five things to look out for when flipping a house that had pets.

Flipping houses is seldom about a single flip. The idea of turning a massive profit on a single fix and flip makes for great TV but is unrealistic when ratings aren't on the line. The reality is that turning a profit flipping houses relies on steady, smaller profits, rather than huge six-figure returns. In baseball terms, you'll bet more learning to play small ball than hoping for home runs.

There are numerous TV shows showcasing the fix and flip business. It looks like a fun way to make some extra money, or become an exciting career. It has the potential to become very lucrative, but you should be careful. You can't just jump in without any knowledge, and buy the first fixer upper that you find. In the beginning you need to ask yourself what kind of homes are good for new fix and flippers? While there is not one specific house that's best for beginners, there are definitely some qualities that make some homes better investments for those who are just starting out.

Fixing and Flipping a house is going to cost money, there's no way around it. However, there are ways to reduce your cost, and therefore increase your profit when you sell the home. Here are Five Small Things You Can Do To Save Money on Your Fix and Flip.

Fixing and flipping homes has become increasingly popular over the years. It's fun and profitable, if you know what you're doing, but it takes a lot of thought and effort. Planning, and learning helpful tips, will be the difference between making a profit and losing money. Here are Five Things That Will Make Your Fix and Flip Easier.

Many people have had tremendous success in the real estate market purchasing distressed properties to renovate and resell; and perhaps you have considered taking on a similar project of your own. You probably have a lot of concerns and you may have asked yourself: How much DIY is too much? Or...How do I balance the cost of a contractor with doing the work myself? There are many factors that need to be considered when looking into purchasing a distressed property. Some of these include:

Fixing and flipping houses seems like a pretty straightforward process from the outside. All you really have to do is find a distressed property, put time and money into renovating it, and then sell or rent it out. However, it's not that simple, in fact, it's a much more complicated process than most people think. There are many things that can go wrong; however, there are three things that can turn a renovation into a nightmare. Successful flippers understand this risk, and work diligently to avoid these scenarios at all cost.

If you're looking at a property with the intention of renovating and remodeling, you need to recognize a bad sign when you see it. If those bad signs start piling up, then a challenging renovation can turn into an absolute nightmare. To ensure you don't get sucked into a money pit, make sure you look for these 4 signs before putting your name on the dotted line.

When you're picking up a property to quickly fix and flip, you want to be sure that you aren't running into more problems than you can fix. Some potential problems with a fix and flip house are easy to overlook on your first walk-through. Make sure you take a second look to avoid more serious problems.

Things have come a long way since the housing bubble crash of 2008 and the years following, when around 80% of homes on the market were foreclosures. It was a golden time for house flipping. That's mostly not the case now, so home flipping definitely has some challenges. Those challenges increase in areas like Southern California, where home prices are higher than the average in most parts of the country.