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 ?
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.
Investors averaged a gross profit of $75,990 per flip, a 36 percent gross return on the initial investment--not including rehab costs and other expenses.
In large metro areas with at least 1 million in population that also had at least 25 single-family homes flipped in the first quarter, the markets with the highest share of flips were New York (10.
High-end home flips are focused predominantly in the major markets, but these large deals can be found throughout the country.
Saugus had actually mentioned the idea of playing earlier before the coin flip,'' Hart assistant Rick Herrington said.
SIERRA FELLERS / NOLLIE FLIP BOARDSLIDE / SEQUENCE: SHIGEO
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.
The National Fix & Flip Network is pleased to announce that house flipping is back in action, and the website has experienced an influx of visitors looking for information on flipping homes
He smiled all the way through giant frontside flips on the quarterpipe and never, ever fell.
By incorporating an assortment of metal ions into a crystalline, chromium-based compound, the researchers cause polarity to flip at 35 kelvins and then flip back at 53 K.
Enzymes that remove methyl groups may also flip bases.