Flipsale

nrajagopalan · Joined: 06 Sep 2007 Posts: 2 1.50 Dollars($)

What is Mean by Flipsale?

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Nrajagopalan,

Welcome to the forum,

The concept of flip sale refers to the practice of selling a property at a higher price after making some necessary improvements upon it.

Though the seller himself purchased that property at a lower price (below market value), he sells it at a higher price and thus makes a profit on it.

livinginnky · Posted: Sat Sep 08, 2007 10:32 pm Post subject:

Flipsale could mean several things.

In certain terms it is used as the illegal practice of flipping properties for more than they are worth for a number of different reasons. All which involve defrauding 1 or more lenders in order to take huge profits over and over on the same property. Sometimes flipping occurs in order to drive up the prices in a community. Then the "flippers" can make more money on all the properties in a neighborhood after showing inflated values after several of their "flips".

Sometimes it is the innocent mind child of tv watching wannabe's. Flipping in this terminology is when you buy a run down "fixer upper", rehab it and sell it quickly for a profit.

Be careful as the latter can be a great way to make money and have a fulfilling career in real estate. The prior can land you in prison.

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