Flipping Real Estate is a tried and tested way and has been a formula for success. In due course, many people end up being a foreclosure statistic. There have been schemes, options, forms etc that have encouraged people to buy a House they cannot afford, pay much less every month for them and resell them after few years. But to use this formula, one needs to be at the right place and in right time. If you are little skeptical, make it a point to refinance, look at various loans but all for a long term to be more secured.