Flipping in real estate means buying a property in disrepair, fixing it up, and then selling it for a profit.
In a house flipping project, a real estate investment company or an individual buys a property in poor condition below its market as-is price.
The property is usually bought for cash or with a hard money loan from a motivated seller, often with mediation by a real estate wholesaler.
The buyer repairs or improves the fixer-upper property by rehabbing it to make it market-ready. They sell it for more than what they paid for plus what they invested in the repairs.
The general goal of flipping is getting profit in a fairly short period of time, usually within 3 to 6 months or a year maximum.
RESIDENTIAL REAL ESTATE INVESTOR
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