When an investor buys real estate cheap and fixes it to sell it at a higher price. It is common to buy old and foreclosed homes. A contractor may do the work or a person can do it themselves. This can be a lucrative strategy for increase in profit.

More On This Topic

Link to This Definition
Did you find this definition of FLIPPING HOUSES helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary