Over the past several years, as prices skyrocketed and interest rates hovered near record lows, flipping houses became one of the hottest investment methods for many Americans. However, many people also were in for a shock when they began telling the Internal Revenue Service about their home-flipping profits.

It wasn't that long ago when home buyers didn't seem to care about getting into adjustable rate or interest only mortgages. What are your options if you want to get over a severe case of payment shock?

Regardless of whether the real estate market is going up or down, there will always be sellers who try to sell their homes themselves. Although they're often seen as the bane of real estate agents, the fact is that most FSBOs (For Sale By Owners) aren't really a threat to brokers, and the statistics bear that out.

It seems that the media is intent on filling the airwaves and publications with the thoughts of various doom-and-gloom economists who are heralding the recent rise in interest rates as the beginning of the end for America's real estate market. However, when taken in context of not-that-long-ago historical terms, today's interest rates were only to be dreamed of a couple decades ago.

If you're fixing a home to sell in today's market, keep up with features home buyers expect to see in your remodel. Home buyers often look at model homes and then buy a more affordable resale home. If you want to attract these buyers, use carpet similar to what they see in the model homes staged by professional interior designers.

Corona, CA November 5, 2006-- Murrieta's Super Floor Store and Pacific Home Remodeling, Los Angeles and San Diego, will sponsor the Fisher family on Flip That House to support Habitat for Humanity.

Does all the media negativity cause you to turn away from real estate investing? Take a look at what leading economists say about the real estate market.

"Doghouse to Dollhouse" Author Meets the "Ugly Houses" Investors

This third part of David Lindahl's teleseminar is on the 5 steps to financial freedom through Condo Conversion.

If you want to purchase new or used building supplies to fix a flip or a rental, check out Habitat for Humanity's ReStore.