Strategies for Minimizing Risk When flipping houses, it can be easy to get caught up in the excitement. But there are a few simple strategies you can employ that will reduce risk and boost your success rate. Effective management of your finances is essential. This involves creating and adhering to a budget, as well as thoroughly reviewing all financing options available to you. 1. Keep Your Expectations in Check Investing in and renovating houses can be a lucrative venture, but it also comes with considerable risk. Your property might not sell at a profit or the repairs may…