Flipping

~*~Flipping~*~?

Hello,
I was wonder what it meant when someone "flipped" properties?

Other Answers:

Flipping is the process of buying it and turning around in a short period of time and selling it for a profit without having done any noteworthy improvements. Basically, they are hoping to find someone in a bad or emergency situation, and sell it to a bigger fool for a profit. It is a phenomenon of rapidly increasing markets. Many "investors" here in California got addicted to it, and are still looking for flipper properties. They don't exist right now.

"Fixers" by contrast, find and update unattractive properties into more attractive ones, which takes considerable work, and there's plenty of those around.