Homonym: Flipping (Turning)
Flipping refers to the practice of buying an asset, such as real estate or collectibles, and quickly selling it for a profit. Investors often look for undervalued items or properties that can be improved or marketed effectively to increase their value. This strategy requires market knowledge and timing to maximize returns.
In real estate, flipping typically involves purchasing a property, making renovations, and then selling it at a higher price. This process can be risky, as it depends on market conditions and the investor's ability to manage costs and improvements effectively. Successful flippers often have a keen eye for potential and a solid understanding of the real estate market.