What is real estate development, or 'flipping'?

What is real estate development, or 'flipping'?

Michael Corbett (Real Estate Expert) gives expert video advice on: What is real estate development, or 'flipping'?; What is 'real estate speculating'?; Who can engage in real estate flipping? and more...

There are lots of different types of ways to invest in real estate. One that people hear about a lot is called real estate flipping. I'm going to explain what flipping is and what it's not. Flipping, to me, means buying a property, fixing it up, actually adding value to the property yourself and then selling it. The other term we sometimes interchange with incorrectly is actually real estate speculating. Speculating is not something I support. Speculating in real estate is where many, many people, especially right now, are going to lose lots of money and lose their fortunes in real estate.