flip

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flip

To buy low and sell high in a fairly short period of time;sometimes associated with predatory practices such as securing an option on property about to be foreclosed and then exercising that option only if able to find a purchaser who will pay enough to generate a profit. In the meantime,the consumer cannot sell to anyone else.

• Condo flipping is accomplished through buying reservation rights in condos to be built in the future, and then selling those rights, not the actual condo, shortly before project completion. There are many Web sites devoted to nationwide markets for condo flipping.

• House flipping usually refers to the practice of buying a home at a price substantially below market because of the need for repairs and then making the renovations and selling in a short period of time, at a substantial profit. Acquisition and renovation is typically financed with a mortgage note due in six months. The practice is risky for those unfamiliar with construction, because delays can be catastrophic.

References in periodicals archive ?
Now they spend their days having a lark for funny pictures, flipping burgers and kissing babies, or kissing burgers and flipping babies, it's all one to them.
Many a would-be pop star reduced to flipping burgers would give anything to be where you are at.
Without the TV rights deal, George is probably working in a coalmine or flipping burgers at McDonald's.
It's not every day you'd catch the leader of the free world flipping burgers, but that's exactly what happened when the Obamas met the Camerons during their UK visit last week.
It has led to a warning that thousands of young people fresh from university could end up flipping burgers.
In fact, some of them have been flipping burgers for a good two or three years now.
that he almost offered to represent a friend in court, did shifts flipping burgers to essay a cook in Frankie and Johnny and defocused his eyes almost to the point of blindness to become a sightless former army colonel in Scent Of A Woman.
Yes folks, while you've been flipping burgers in the heatwave, they've been flipping homes.
Encouraging people at any level of a career, be it flipping burgers or flipping on Powerpoint presentations, one can mix God with their job with much success and make themselves a better worker as more devout follower.
Mandy Maloney needed a job and wanted a change from her former occupation of flipping burgers at a fast food joint.
Emma Cox and Luke Pittard vowed to continue flipping burgers at their local McDonald's after hitting the jackpot last month.
Using Mr Turner's face, the firm now claims the fast pace of a job flipping burgers is just the tonic to keep pensioners young.