There is some stuff that is difficult (drywall) and high risk (plumbing, electrical), but much of it you could do yourself (assuming friends help).
Flipping a house is pretty challenging, depending on the market. Note that when you sell a house in many markets, there are LOTS of fees-- real estate agents, closing costs of buyers, warranties, etc. I'm selling a house in Alaska now and there are $30k in charges for the sale PLUS repairs requested by the buyer/inspector. So had I done what you were proposing, the first $30k in upgrade value I created would get wiped away (thankfully, I bought it in 2000).
Comments
There is some stuff that is difficult (drywall) and high risk (plumbing, electrical), but much of it you could do yourself (assuming friends help).
Flipping a house is pretty challenging, depending on the market. Note that when you sell a house in many markets, there are LOTS of fees-- real estate agents, closing costs of buyers, warranties, etc. I'm selling a house in Alaska now and there are $30k in charges for the sale PLUS repairs requested by the buyer/inspector. So had I done what you were proposing, the first $30k in upgrade value I created would get wiped away (thankfully, I bought it in 2000).