What exactly is Flipping? ???

Howdy mrscea:

Buying a property and then reselling for a quick buck. Sometimes you do not even have to actually buy or close and just sell the contract. It is just a slang term .


Hi Mrscea, about flipping, just like tedjr said. You find a house under market value, put a contract on it, place an ad in the paper stating Fixer upper for sale or Handyman special for sale. Sell your contract for a higher amount. The amount you pocket can be thousands of dollars if you have the right deal. Hope this helps

Thank you so much to both of you…now I get it. :smiley: