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Here is an easy formula of making huge profit by Flipping Real Estate. Take up a DYI approach – do everything yourself, take minimum help from others and maximize profit. Let’s see how to do it:Find a distressed property yourself – a house that is in foreclosure, HUD repo or a property that is about to go default.Fix up the damages – while repairing the house, take little help from third parties. See if you can do painting, lighting etc. yourself. However, you may need to hire someone to help you fix the roof, tiles and plumbing defects.Find a buyer yourself – do not hire real estate agents, market the property yourself and find a buyer. By reducing expenses you can actually increase the profit gain.