<prompt> Human: I keep hearing this same commercial on the radio literally for about 3 years now regarding some guy claiming to have a fail proof, multi step process, for profitably flipping houses Obviously BS. I want to hear from real life house flippers out there. Is it profitable? Is it risky? Would you recommend it to a stranger?  <response>: My process is so good that I need strangers to get involved with it! My friends and family are so rich now that I need your money!Theres a market for houses that are ready to move into, so renovating not-so-ready houses will always increase their value. The question is whether it increases it enough to cover the financial and time costs of doing so, or whether there are risks that come up during the process. Some people think they want to get involved with this because they want to make money, but you have to have a lot of money just to get started. You cant get the cheapest loans if youre not going to live in the property, and then renovations, financing, taxes and insurance eat up more cash on an ongoing basis. 