Question

The practice of purchasing a property then selling it very quickly for a higher price using an inflated appraisal is called:

Answer 1

Flipping

Flipping is a real estate investment technique that involves buying a property for the sole purpose of reselling it at a higher value in order to obtain profits. The resale price is typically made higher when the purchased property is renovated or remodeled with new additions or features that justify the higher resale price.