Flipping houses has become quite the popular real estate investing method…

…especially because of shows like property ladder, flip this house, flip this house, and others.

Now, let’s clear the air. Flipping houses means to buy a house at a discount, then to turn and sell the house quickly at a higher price (or flipping it for profit).  Flipping can really be applied to anything that you buy at a price and then turn and sell at a higher price. This is also why the term “wholesaling houses” is sometimes used.

Flipping houses now, though, has become synonymous with buying houses at a discounted rate, usually needing a substantial amount of repair, then fixing it up to look really pretty and marketable at a retail rate and selling it.

Thus, the term “fix and flip” is often used.

This is a very, very good way to make money in real estate.

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