.The process of flipping a house involves multiple steps. You have to find the house, buy the house, renovate the house and sell the house for profit. While this breakdown is a simple version, I also know that along the way, there are missteps that can ultimately mean the difference between a profitable flip and one where you lose money. Being diligent with the process that you follow starts with how you find a house to flip. That's why we are outlining the process so that you can stay on track and give that flip all the odds of success from the very beginning.