into the business of flipping business. still a risky business. rebecca jarvis talks to one group of investors to find out how risky it is. >> reporter: lisa, a stay-at-home mom and her friend and her sister are first-time flippers, trying to get into the game. a lot of people would say, you should never get into business with friends or family. >> we did both. >> reporter: and they're hoping there's still money to be made. >> we definitely missed the hey day of really cheap housing but we were worried we would have trouble reselling it. >> reporter: they bought this modest three-bedroom for $150,000. what did it look like when you pulled up? >> awful. >> it was a dump. >> the kitchen floor was sinking in. you walked in and you were kind of crooked. >> the yard was a jungle. >> reporter: between renovations and real estate fees, they put $60,000 into the project. figuring things out as they went. >> that looks like a standard. >> 13 1/4 by -- >> we sound like we know what we're talking about.