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In finance, flipping is a term used to describe purchasing an asset and quickly reselling (or "flipping") it for profit.
Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high.[1]
- ^ "2017 Home Flipping Report". ATTOM Data Solutions. 2018-03-08. Archived from the original on 2019-07-26. Retrieved 2018-12-20.