Is Flipping Illegal?

[Michael R.]

Is flipping illegal? Flipping in the form of buying a property and then reselling in the same condition you purchased for a profit. In one city I invest in it looks like it is illegal. Was wondering how this could be illegal when you are dealing with cash sales.

Here is the link that is saying this practice is illegal here:
http://buffaloflipping.org/

[Phil Pustejovsky]

In addition to what was already shared, the following Bigger Pockets blog article spells out a very, very detailed answer to the issue of the illegality of real estate flipping: https://www.biggerpockets.com/blogs/3387-real-estate-investing-in-the-real-world It may add some new insight to the discussion.