I love the TV show Will and Grace. The other day I'm watching Will and Grace, and the flipping episode was on. I've never heard of flipping until I saw this show. In fact, I didn't even know what they were talking about. I had to keep watching the show just to find out what this flipping thing is. In case you don't know what flipping is, well, you're probably not alone.

Flipping is a real estate term. It's a reference to someone who purchases a piece of real estate property that needs repairs, invests some money in making those repairs to upgrade the property, then they sell the property for a profit. Not only do they get back all the money they spent making upgrades and improvements in the property, but they actually make a profit when they sell the property they've been upgrading.

Of course, Will and Grace make it sound like there's absolutely nothing to doing this. And it helps that Grace is an interior designer who knows what to do to make a home look attractive. But I started wondering about this.

I know they would not be doing TV episodes about this flipping thing unless it was pretty big. And then synchronicity set in, and as I'm channel surfing I come across a program on TV that is about nothing but flipping houses. It's funny how I had never noticed this show before.

I can't remember the name of the show, but it is a show where they follow the progress of someone who purchases a property that needs repair. First, they show the person shopping for the property they are going to buy. Then they show the work that is being done so you can follow the progress of how the house is all coming together. Then they show the property being sold and how much money the person made off the sale.

Apparently, if you know what you are doing, this is quite a profitable thing. In fact, I have one friend of has done this for a living his entire adult life and another friend who does this part time. I just never thought of it as flipping. They never called it that.

I started wondering: Are there quick and easy proven methods for flipping success? Is there such a thing as a practical guide to flipping houses for a living? Are there methods you can learn that will enable you to buy houses at bargain prices?