What does "flipping" mean in for example house or car flipping?

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  • Scott
    Lv 7
    10 months ago
    Favorite Answer

    Simply: Buy a house or car at a low price, make a few (mostly cosmetic) repairs, then sell it for a profit.

  • 10 months ago

    buy cheap, make a few cosmetic changes, and sell for more.

  • 10 months ago

    You buy it and sell it immediately, hopefully NOT being on the hook for bringing the property/house up to code.

  • Anonymous
    10 months ago

    It means that you find a car a truck or house a motorcycle at a good price because it needs a little bit of maintenance or a little bit of repairs and you get it at a cheap price. And you very quickly do the maintenance or the little repairs and put some paint on it or polish the car and clean the dirt out of it and turn around and make a big profit by selling it.

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  • 10 months ago

    Buying and reselling quickly for a profit.

  • 10 months ago

    buy it and fix it and sell it..

  • 10 months ago

    It means buying the item and then selling it relatively quickly for profit. Usually the flipper does some repairs or upgrades which is how they're able to sell it at a higher price.

  • Maxi
    Lv 7
    10 months ago

    It means buying cheap. making  improvements/refurbish and sell at a higher price as quickly as possible

  • 10 months ago

    Taking something that needs work, do enough work to make it an appealing to potential buyers.

  • 10 months ago

    It means buying a house, making some up-grades to it & selling it for a higher price within a short period of time.

  • 10 months ago

    Buying something with the intent to resell it quickly for a profit.  For example, buying a run down house, spending a short amount of time fixing it up and then putting it back on the market for a higher price.  

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