Definition
Buying a property, renovating it, and quickly reselling for profit. A high-risk strategy that only works in appreciating markets and when unexpected costs don't destroy margins.
Example Usage
We bought the distressed property for $200,000, invested $50,000 in repairs, and flipped it for $350,000.
Origin
Modern real estate slang from the 1990s; popularized by HGTV in the 2000s
Fun Fact
Most amateur flippers underestimate repair costs by 30-50%; professional flippers typically budget 15-25% above estimates
Source: Real Estate Investment Terminology
Related Terms
Translate This Term
See “Property Flip” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
Try the Translator