Flipping is the process of buying a property with the intent to sell it for profit. This type of creative real estate investing usually carried out in a short period of time, with the investor purchasing a house at a lower price and then selling it at a higher value.
Properties that you can flip:
1. Fixer-upper homes or handyman specials
3. Newly-constructed homes
Flipping is not illegal. There's nothing wrong with buying a house then quickly selling it for profit. however, flipping is considered illegal only when it involves mortgage fraud and other similar activities.
Methods in Flipping