Flipping

Flipping is when you make an offer on a property and then either look to secure a new buyer at a higher price before you close on the deal, or wait for it to rise in value, then sell on.

Flipping is when you make an offer on a property and then either look to secure a new buyer before you close on the deal, pocketing the difference between your offer and theirs, or you wait for it to rise in value, then sell on.

The secret lies in knowing which properties lend themselves to flipping, and using the right contracts. The idea of flipping might be attractive, but in the real world it's difficult and can be risky.

If you don't find a buyer in time, you may end up holding the property, which could tie up cash and lead to capital gains taxes if you choose a short-term resale. If you have multiple deals in progress, you could get really stuck.

Most Popular

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?
Savings

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?

Two fortunate NS&I Premium Bond winners are now millionaires. Find out here if you’re one of them.
1 Jun 2023
The best one-year fixed savings accounts - June 2023
Savings

The best one-year fixed savings accounts - June 2023

You can now earn 5% on 1 year fixed savings accounts - the best rate seen in 14 years. We have all the latest rates available now.
2 Jun 2023
The top healthcare funds to buy
Investments

The top healthcare funds to buy

Increasingly rapid progress in drugs and healthcare technology makes these trusts top tips, says Max King.
1 Jun 2023