What does "flipping" mean in for example house or car flipping?
- ScottLv 710 months agoFavorite Answer
Simply: Buy a house or car at a low price, make a few (mostly cosmetic) repairs, then sell it for a profit.
- SumDudeLv 710 months ago
buy cheap, make a few cosmetic changes, and sell for more.
- Elaine MLv 710 months ago
You buy it and sell it immediately, hopefully NOT being on the hook for bringing the property/house up to code.
- Anonymous10 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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- SlickterpLv 710 months ago
Buying and reselling quickly for a profit.
- KISS MY GRITSLv 610 months ago
buy it and fix it and sell it..
- Coffee DrinkerLv 710 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.
- MaxiLv 710 months ago
It means buying cheap. making improvements/refurbish and sell at a higher price as quickly as possible
- Jake No ChatLv 710 months ago
Taking something that needs work, do enough work to make it an appealing to potential buyers.
- Beverly SLv 710 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.
- MichaelLv 710 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.