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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
higher ed faculty had taught in a flipped environment as of winter 2014, according to a survey from The Center for Digital Education, in association with Sonic Foundry.
When a large number of pixels need to be flipped, it may not be able to choose enough flipping quantity.
In the flipped classroom, the teacher is available to guide students as they apply what they have learned online.
"Fewer distressed sales are limiting the ability of home flippers to find deep discounts even while rising interest rates are shrinking the pool of potential buyers for flipped homes," saidDaren Blomquist, senior vice president at ATTOM Data Solutions.
Homes flipped in Q1 2019 sold at an average gross profit of $60,000, down from an average gross flipping profit of $62,000 in the previous quarter and down from $68,000 in Q1 2018 to the lowest average gross flipping profit since Q1 2016.
The total dollar volume of financed home flip purchases was $19.9 billion for homes flipped in 2018, up 8 percent from $18.5 billion in 2017 to the highest level since 2007 an 11-year high.
The 14609ZIP code of Northeast Rochester and a portion of Irondequoit showed a purchase price of $55,811 and a sale price of $118,450 in 201 days (112 percent gross ROI) on 48 flipped homes.
Patricia Adams has been teaching in the community college and university classroom for more than a decade, holds a masters degree in clinical psychology from East Carolina University, and maintains a psychology practice in addition to her teaching, and provides regular professional development and consultation on flipped and blended learning.
The flipped classroom model redefines student-educator contact in the learning space.
Researchers and educators mainly from the US contribute 13 articles on the implementation of the flipped classroom in English language arts.
Although a common understanding is reached on "WHAT" the flipped classroom is, there is still a pressing need for studying "HOW" to implement the flipped classroom and, moreover, to be able to connect this pedagogical design with evidence of advantages related with various aspects of student learning.