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 ?
There have been rather dispiriting headlines such as 'Businesses warn that graduate lack skills,' through to 'Class of 2010 told to consider flipping burgers or shelf-stacking to build skills.
And if you're not into flipping burgers or mowing lawns to earn a few bucks, consider this: Willamette National Forest officials are getting ready to hire several dozen high school-age boys and girls to work full time in the woods next summer as part of its Youth Conservation Corps program.
Flipping Burgers to Flipping Millions: A Guide to Financial Freedom Whether you Have Your Dream Job, Own Your own Business, or Just Started Your First Job tells of the author's first job working at McDonald's, when his goal was to work for three months and save money for a trip to Europe.
I wouldn't count too much on just flipping burgers.
The service economy is not just post-industrial revolution, says Hsu (Rensselaer Polytechnic Institute, US), it is also post-knowledge economy; it is more than answering phones and flipping burgers, but the seed crystal for an economy--and society--built around the concept of service.
Successful Interview Skills" should be a purchase for any who want a job greater than flipping burgers.
Resume Writing and Interviewing Tips for Recent Graduates" is a guide to getting a better job right out of high school instead of being forced into jobs which can be synonymous with flipping burgers.
She ended up flipping burgers after paying a quarter of her winnings in a divorce settlement to her cheating husband.
This includes all new 3D graphics, new recipes and some pretty funny kitchen mini-games and, whether you're flipping burgers or tossing pancakes, the virtual cooking experience is pretty realistic with the Wii controls and the heat in the kitchen will turn up a notch if you enter into a cook-off with a pal.
This includes 3D graphics, recipes and pretty funny kitchen mini-games and, whether you're flipping burgers or tossing pancakes, the virtual cooking experience is realistic with the Wii controls and the heat in the kitchen will turn up a notch if you enter into a cook-off.
If you think flipping burgers is easy, try running the fast food company that makes them at addictinggames.