What is meant by "property flipping"?

Property flipping refers to the strategy of purchasing real estate, typically distressed or undervalued properties, making improvements or renovations to enhance their market value, and then selling them for a profit within a relatively short time frame. This approach is popular among investors looking to capitalize on market trends and increase their return on investment through value-added upgrades.

The essence of property flipping lies in the process of acquiring a property, improving it, and then selling it quickly to maximize profits. This often involves doing renovations such as updating kitchens or bathrooms, repairing structural issues, or enhancing curb appeal to make the property more attractive to potential buyers.

While other options mention aspects of real estate investment, they do not capture the specific act of buying, renovating, and subsequently selling a property for profit, which is central to property flipping. For instance, renting properties for long-term investments focuses on generating steady income rather than quick sales, while converting properties into rental units and flipping without any renovations do not align with the comprehensive strategy inherent in property flipping.