Have you ever flipped a house before?

[Ravenfreak]

The term flipped basically means you purchase a house that is in bad condition for cheap and renovate it. This way, once the renovations are done you can either sell the house to a potential buyer or even rent it out. There's quite a few people who do this and they earn some decent money this way. Of course depending on how bad the conditions of the house are, some renovations will take quite a bit of money to get everything up to par. Have you ever flipped a house before? If so, did you end up earning back more or at least enough to cover the costs of the renovations when you sold the house?