Flipping houses is not as simple as buying a cheap investment property and then selling it for a higher profit. Here are steps to help to get you started:1. Find a TeamThe first thing every real estate investor have to do is surround yourself with professionals. Professionals can reduce costs and help to maintain schedules by using their own network. Working with a great team of professionals will make the entire house flip go more smoothly and efficiently. In addition, building a good team will ensure handling any issues and problems that may arise during the flipping process. Some professionals that you’ll need in your team include:A construction contractor to consult on rehabilitation workA realtor who’ll help in finding homes that need rehabAttorneys or title agents to facilitate the proper transfers of title.A rehab lending contact who can handle pre-qualifications and credit issues.An accounting contact to handle and explain tax impacts and reconciliation.2. Create a PlanThe next step is to create a flipping business plan with definable goals, strategies, analyses, and funding. This can help you figure out how many projects you need to complete to achieve your goals and will encourage lenders to take you more seriously. It will also prompt you to work out the details of your exit strategy. A good business plan should include a goal summary, market analysis, financing sources, marketing and sales strategy.3. Find an Investment Property to FlipThere are a lot of opportunities available for a real estate investor looking for a cheap investment property to flip. Usually, these properties are cheap because they need a lot of renovations or because they’re foreclosures. Some ways to find such properties are:Hiring a real estate agentJoining real estate investments groups that refer properties to each otherAligning with a wholesalerReviewing lists of upcoming foreclosure salesDriving around neighborhoods looking for properties that may be worthwhile.4. Buying a House as an Investment PropertyBefore buying an investment property to flip, you have to keep in mind that you’re buying the house for profit. No matter how good the property looks, make sure you can make money at it. Thus, as a real estate investor, you have to research and analyze the all of the costs involved. This includes the purchase price, title, closing costs and the cost of the actual rehabilitation. The next thing to calculate is the investment property's true ARV (after repaired value). Moreover, have an exit strategy clear in your mind, and stick to your plan.5. Fix and FlipThe next step after buying the investment property is the rehab. Make sure your contractor is licensed and capable. Be present and don't leave it up to someone else to safeguard your property and your money. In addition, be careful about your choice of decor - make sure that walls, counter-tops, flooring, etc. will appeal to the majority of buyers. Be careful not to inject your personal taste into a house that will be someone else's home! The property needs to appeal to the buyers, not the flipper.6. Selling the HouseOnce you’ve finished rehabbing and renovating the property, you need to sell the investment property quickly to. So, start marketing to ensure finding a buyer as fast as you can. In addition, when pricing the investment property, ensure that the selling price is enough to cover the purchase price, the costs of renovations, and makes a profit!For more information on anything real estate, head over to Mashvisor. Hope this helps and happy flipping!