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 ?
The company said that the average gross profit per flip one year ago was $51,805.
Dave had unstoppable frontside flips over the pyramid, the 360 flip lip on the flatbar and he ravaged the big wall with kickflips to rock fakie.
Belkin Flip DVI-D lets you share your keyboard, mouse, speakers, and DVI monitor for both your computers, keeping your desktop free of extra peripherals and cables.
Flipping is not always profitable, as evidenced by the fact that flips on low-end homes priced below $50,000 actually yielded negative returns in the second quarter.
As a result, Roberts believes Ada must flip the guanine out.
Another newcomer, Dan's style, big flips, and flips to rail have the suits asking "Who does that kid ride for?
Backside flip, f/s 180 heel, and frontside kicky over the big Walkman gap, and switch crooks and kickflip crooks on the Volcom rail.
While having fun with their pancake flips, the candidates also got serious the day before New Hampshire voters hit the polls.
Loud Television is currently casting for a fun new cable series, Moms Who Flip.
Chancellor Alistair Darling has been blasted for flipping FOUR times between what is his main Flip Alistair four - one Gordon one one and secondary home, and Communities Secretary Hazel Blears THREE.