Local house flipper scores R970k profit on Joburg home [watch]

Flipping a property can be a laborious, taxing, and time-consuming project for those who enjoy it, but for those who do, it’s thrilling, interesting, and always presents a new challenge.

Stephen Baron, a Johannesburg-based house flipper, has reached 1 million views on a YouTube video from his Flipping Johannesburg channel. Simply by flipping a house he dubbed “Project H,” Baron achieved a R970 000 profit.

WHAT IS HOUSE FLIPPING AND HOW DOES IT WORK?

Although it may appear to be a difficult notion, flipping houses is actually rather straightforward. “Flipping houses,” according to property experts Jawitz Properties, is purchasing a property with the purpose of bringing it back to life and then selling it for a profit.

In May 2021, Jawitz highlighted that the interest rate at the time improved the chances of making a profit through flipping houses.

There are several television shows where experts flip houses for a profit. Some of the most popular shows include Property Brothers, Design on a Dime and Flip or Flop.

Clips of the show are available on YouTube.

WATCH THE ‘FLIP OR FLOP’ TRAILER HERE 

‘FLIPPING JOHANNESBURG’

Stephen “Steve” Baron is a house flipper based in Johannesburg. Through his YouTube channel, Flipping Johannesburg, Baron takes viewers through the ins and outs of renovating houses for a profit.

He describes “Project H” as his “biggest and most successful house flipping project to date”.

Thanks to his amazing negotiation skills, Baron bought the four-bedroom Johannesburg north home for R1.3 million.

After spending way more than he planned to, he sold the house for R3.3 million. Taking all the renovations and other costs involved, Baron made a profit of R970 000 from the house.

TAKE A LOOK 

TAKE A LOOK AT SOME IMAGES FROM PROJECT H