House flipper salary10/31/2023 ![]() ![]() ![]() This also includes buying and selling a property before its official sale or construction-a process called an “assignment sale” but sometimes also referred to as “shadow flipping”. Property flipping is when individuals, including real estate agents, buy and resell homes in a short period of time for a profit. Who wouldn’t want to buy a fixer-upper and sell it for a huge gain? Before you jump in and buy that house down the street that has “so much potential”, you must first consider the tax implications. ![]() If you have ever watched a reality show about flipping houses, it’s hard not to be impressed by the whopping profits they claim.
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