On Mon, 05 Feb 2007 08:15:26 -0600, Alan wrote:

The term "flipping" means fraud and a rip-off by
unscrupulous people who take advantage of naive buyers.
They do cheap, cosmetic repairs and are greedy enough to
manage to convince realtors and buyers that they're getting
what they're spending for, when, in fact, they're being
ripped off.

Simply buying a bad property at a low price, doing a
legitimate rehab, and reselling at its value is not
"flipping".

It is rehabbing and reselling in a legitimate way!

Alan

OK, so now we know YOUR definition of flipping. However, since many
SANE people refer to legitimate rehabilitation and reselling as
flipping, we know that the practice is often good for the neighborhood
and a respectable practice.

Greg