~*~Flipping~*~?
I was wonder what it meant when someone "flipped" properties?
Answer:
Flipping means purchasing a property and then quickly turning around and selling it. They may take a month or so and do some improvements and then sell it for greater profit.
Flipping means purchasing a property and then quickly turning around and selling it. They may take a month or so and do some improvements and then sell it for greater profit.
Flipping is to find property's that know one El's know about , thus showing that the market is not an open fair or equally assessable by. This creates a false shortage and drive up prices, and the scam that the market gone through and why it is now a breakingbubble.
http://www.breakingbubble.com/index.htm.
Flipping is the process of buying it and turning around in a short period of time and selling it for a profit without having done any noteworthy improvements. Basically, they are hoping to find someone in a bad or emergency situation, and sell it to a bigger fool for a profit. It is a phenomenon of rapidly increasing markets. Many "investors" here in California got addicted to it, and are still looking for flipper properties. They don't exist right now.
"Fixers" by contrast, find and update unattractive properties into more attractive ones, which takes considerable work, and there's plenty of those around.
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