Why does the media continue to tell us the lie that flipping is illegal? I honestly don't know. Here's the deal. What the media is calling flipping is actually just a investor buying a property and then selling at a profit by means of mortgage fraud.
There are plenty of times an investor buys a property and flips it for a profit. If I buy a pre-foreclosure property and then sell it two days later for a $50,000 profit this isn't fraud and isn't illegal. OK, if I take that same property and find a buyer and offer to sell it to a buyer for $15,000 more than it is actually worth and give the buyer the $15,000 as a down payment so they can qualify for the loan with a bank, then this would be considered mortgage fraud and is illegal.
So continue to buy and flip all the properties that you want, just don't use illegal methods to make money from the sale of that property.
For more information how to make money by buying and flipping properties without inflating the properties value or selling through mortgage fraud, feel free to contact me anytime,
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