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House flipping is when someone buys a property, holds on to it for a short time and then sells it for a higher price. The quick-turnaround resale is why it’s called a “flip.”
After we find a house that has the potential to be a really fabulous flip property, we make the offer and hold our breath. When the seller accepts the offer, I get a real rush!
Flipping 101 with Tarek El Moussa is a reality television series airing on HGTV. It features real estate agent Tarek El Moussa , best known for his previous show Flip or Flop , mentoring real estate novices wanting to learn the secrets of a successful house flip. [ 1 ]
House flipping has become more popular in recent years. The Motley Fool reported that in 2022, 407,417 single-family homes and condos were flipped, roughly 8% of all home sales in the U.S. Check ...
A spate of flipping often creates an economic bubble which then bursts, such as during the Florida land boom of the 1920s. [2]In the 2000s, relaxed federal borrowing standards (including subprime lending that allowed a borrower to purchase a home with little or no money down) may have led directly to a boom in demand for houses. [3]
The pair then ventured into a new real estate strategy - flipping houses. During their first flip, El Moussa submitted an audition tape to HGTV that followed the pair's process of flipping a house. [7] [8] The network picked up the show, which has seen a popular 10-season run, with season 10 premiering on HGTV in December 2021. [9]