Question

What is "house flipping?"
a. the process of transferring ownership of a house from one person to another.
b. the process of buying a house with the intention of selling it for a profit after only a short time.
c. the process of two people exchanging the titles to their properties.
d. the process of a house's market price rapidly fluctuating?

Answer 1

House flipping is the buying of a house for a low price with the intention of reselling it for a profit after a short period of time. Some house flippers will also buy houses that are in need of some level of renovation, fix them up and then flip them for more than the cost of the house plus renovations.

Answer 2

It is B. The process of buying a house with the intention of selling it for a profit after only a short time.

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