Last Updated: August 21, House flipping can be a lucrative and fun business, but it is not easy. A lot of people get stuck trying to figure out how to flip for the first time. It takes money, education, connections, and determination to get through a house flip. I flipped my first house in and have since flipped more than houses. I had help on my first flip, which I will go over, along with other tips on how to flip your first house. I will talk about finding the deals, financing, repairing, and selling the house. House-flipping shows make fix-and-flip projects look pretty simple.