What is house flipping?

House flipping is when an investor buys a house, renovates it, and then, ideally, sells it for more than what they paid for it. The flipping process can be done very quickly – in some cases the entire flips can be done in only 4-6 months!

When flipping properties, the best strategy is to find and buy houses for below market value. These properties are normally in need of major renovation work which gives investors an opportunity to increase the value in a relatively short period of time.