Well, there are a few things you should know. Most flips go smoothly and have little to no problems. However, more often than not, mistakes can be made which lead to the potential of losing money or ruining your house in case something goes wrong. The best thing that one can do is make sure they hire professionals when it comes to flipping houses because nobody knows what theyre doing on their own so expecting yourself to successfully flip a house without any knowledge would most likely end up with disasterous results.,