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Fix and flip

Fix and flip is a strategy to purchase a home that needs some work, renovate it, and then sell it for a profit. House flips are usually made by investors who buy homes at an auction for cash and then resell them. A flipper refers to a person who purchases a property with the intent of fixing and remodeling it and then selling it for a profit. 

Read more: How Much Money Do I Need to Start Property Investing?