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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 ?
Completed home flips in 2018 yielded an average gross profit of $65,000 (difference between median purchase price and median flipped sale price), down 3 percent from an average gross flipping profit of $66,900 in 2017.
The Samsung Flip display can be rotated to portrait or landscape orientations when coupled with pivot stand.
The Flip Ultra HD will sell for $199.99, and comes in two colors - black and white, while a non-HD second Flip Ultra will retail for $149.99.
Interestingly, after the ship flips, it gains 1.5 times the amount of usable space it had prior to flipping.
There, my standard illustration is a coin flip-quantum events, I often say are random like the result of a coin flip, unpredictable in advance.
The final regulations address five basic areas of CRT planning and administration, including (1) establishing a "flip charitable remainder unitrust" (Flip CRUT), (2) modifying the timing of year-end annuity payments and unitrust payments for fixed-percentage CRUTs, (3) appraisals of unmarketable assets held by CRTs, (4) modifying the gift tax consequences of transferring unitrust interests in "income exception" CRUTs (e.g., net income makeup CRUTs (NIMCRUTs)) and (5) new rules on the allocation of precontribution gain to principal.
States with the highest share of Q2 2018 home flips purchased via a distressed sale wereNew Jersey(64.1 percent);Delaware(60.3 percent);Indiana(55.4 percent);Maryland(52.8 percent); andNew York(48.4 percent).
In the report, a home flip was defined as a property that "is sold in an arms-length sale for the second time within a 12-month period based on publicly recorded sales deed data collected by RealtyTrac in more than 950 counties," the company said.
Average gross profit on flips completed during the first quarter reached a new high of $72,450, according to RealtyTrac.
Loud Television is currently casting for a fun new cable series, Moms Who Flip.
Darling - - Moran flips Flint - flip Brown - - flip