Home improvement TV shows have made house-flipping look like a dream payday. You buy a house that needs repairs at a low cost. You make the repairs. Then, you sell the home to an eager buyer for a huge profit.

Flipping homes can be a great way to build your wealth through real estate investment. But, in reality, there are several considerations to keep in mind before you dive headfirst into house-flipping.

Here’s a quick guide to house-flipping that answers some of the most important questions you may face as a new investor.