foreclosure: Time to Flip
- 06/05/09 05:57 PM
Now that the real estate market has theoretically bottomed out - or at least we hope - the flippers are back in town. If you missed the last flipping market, here's what it is all about. "Flipping" is a term that means buying a house and selling it for immediate profit. When the market was going gangbusters, flipping was easy. You could buy a trashed piece of property, hold it for a month, and sell it for a quick 5-figure profit. If you wanted to make more, replace the cabinets, tiles, and carpet and hold out for the extra bucks. The … (0 comments)
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Now that the real estate market has theoretically bottomed out - or at least we hope - the flippers are back in town. If you missed the last flipping market, here's what it is all about. "Flipping" is a term that means buying a house and selling it for immediate profit.
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