The process of purchasing a property, adding value, then selling the property for a profit on a relatively short timeline. Also simply referred to as “fix-and-flip,” flipping may take a few weeks, a few months or, in some cases, upward of a year. However, this strategy involves selling on a shorter timeline than a buy-and-hold investor would typically employ and appreciation does not usually play a significant role in the profit on flips.
Tax Season Is a Wake-Up Call: Are You Building a Tax Strategy, or Just Filing a Return?
Every spring, I watch the same scene play out. Real estate investors scramble to gather receipts,...
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