The business of house flipping looms large in the American public imagination. Between reality television shows about the practice to infomercials promoting it as a get-rich-quick scheme, nearly everyone is familiar with the concept of buying, renovating and quickly reselling real estate at a profit.
But is house-flipping a good deal for those who end up moving in long-term? And if you’re looking to buy one, how do you know if the pretty house with new paint and granite countertops is a great deal or a lemon?
“There is nothing wrong with buying a flipped house,” said Chris Egner, a