What does "flipping" mean in real estate?

Question

In general where on the Internet do I find more info and explanation about real estate jargons?

Thanks.

Answer 1

Buying a property, and then selling it at a profit fairly quickly.

Answer 2

Flipping is a term, used primarily in the United States, which refers to the practice of buying an asset and quickly reselling (flipping) it for profit.

Though flipping can apply to any asset, the term is often applied to the practice of buying real estate at below market value, making needed repairs and improvements to the property, and reselling it for a higher price (generally near market value), thus making a profit.

Answer 3

Flipping means buying a property and reselling it quickly for more money. Usually, the property is in need of repair when aquired, is then improved and resold. When property was appreciating quickly, speculators would buy a property, hold it briefly, then resell it for a profit without improving the property. Needless to say, it doesn't wotrk that way right now.
Flipping has also been used to describe a practice involving mortgage fraud.

Answer 4

Flipping is the process of purchasing a distressed or under-valued property, then having licensed contractors fix the property up, then selling it for a profit. There are many lucrative deals out there, but you really have to do your homework first. You want to work with a professional that really knows what to look for, and can do some leg work before you get into the offer process. I work on a daily basis with investors and I analyze the property, have a licensed general contractor go with me to the property and give me a ball park figure on what it will cost to re-hab the property. Then and only then do my clients make offers on the property based on THEIR analysis of the information presented to them as well as their own investigations. I have watched a number of my clients make 10's and even 100's of thousands of dollars in mere months!! Very exciting, but like all high reward investments, there is always risk. You just have to minimize the risks and make sure that you have gone in with the "blinders off" so to speak!!

Answer 5

Flipping is the process of buying a house at a reduced price -- usually because it needs repairs -- and fixing it up quickly and selling it at a profit.

Answer 6

Flipping- Purchasing property for the sole purchase of rehabing with the intent of selling it in a short period of time at a significant profit.
Sometimes getting financing can be difficult.

Answer 7

When you "flip" a property, you buy a rundown house cheap...renovate it and resell it for a major profit