The concept of “flipping” houses is a trend that has increased in popularity as a source of income in the United States. History shows that owning property means security, status and stability. This principle is still considered to be true today provided the market remains strong. This paper will discuss the housing market, as well as the current industry related to “flipping” houses. Included will be the basic definitions of terms used in the industry, as well as several interviews conducted from experienced house flippers in Colorado. This paper will conclude with a hypothetical market plan ...
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