Real Estate Flipping

[N/A N/A]

The housing market has long been the playground for the rich and famous, but now the average American is getting into the real-estate-buying craze.

A new survey by the National Association of Realtors estimates as many as 25 percent of all home buyers never intend to actually live in their new home.

Big Profit Potential

It's called "flipping," where people buy property, wait a few months for it to go up in value and then "flip it," or sell it for an instant profit — sometimes a huge instant profit.

Carlos Lidsky is a Florida attorney who "dabbles" in flipping real estate. In just two years, he and his wife Betti have dabbled their way to nearly $1 million in real-estate profits.

See the rest of this article at: http://abcnews.go.com/GMA/Business/story?id=553568

Flipping has come of age - This is a nice article "For a change".