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.
Are You Lending Across State Lines?
Check licensing regulation. What’s routine at home could pose serious risk somewhere else....
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