We've already noted that the real estate has its own dictionary of terms that you'll never use anywhere else, but how about this one, just to addanother... Flipping?

Actually, flipping is actually a pretty easy concept to grasp, it's essentially when one buys something (a house for example) and then turns around (flips) and sells it quickly for a profit.  In our case this is usually done when a person can buy a property for below market value, make some repairs/upgrades and then resell it making a nice little profit.

The idea behind flipping is an old one, but perhaps you didn't know that in the industry it is titled as so.

Have a look around, perhaps it's something that you'd like to do? Or have you already?  If you are a handyman, this might be a good hobby for you right? If you aren't a handyman but have some $$, perhaps you can do the financing and hire a little crew to do the upgrades/updating.  Who know perhaps you can even start a small business doing so.  It's gonna be tough for now though, with the state of the market!!