Flipping in real estate - what is it?

Real estate investment is an asset that will not lose its relevance in any news agenda. However, choosing apartments or mansions with the aim of making a profit is a difficult and skillful task. It requires tactics and opportunities.

What is flipping?

Flipping, in translation from English, means "turning over". If we translate the term into a professional definition, this is the process of acquiring outdated but liquid real estate. The goal is to perform repairs and resell the property at a higher price. Flipping is a popular global practice. The service is especially relevant in the UAE, where an outdated villa in a top location can be bought at a favorable price and rebuilt for personal use or subsequent resale.

What needs to be done to earn money?

Initially, flipping may seem like a simple investment strategy and opportunity. Choose "old" apartments or villas in prestigious areas, make repairs, and quickly sell. However, for this method to work, it is important to analyze whether the real estate will be in demand. It is important to find reliable contractors, take care of purchasing everything necessary, monitor the progress of construction, its quality, deadlines, and then search for a buyer.

How to choose an apartment?

There are several important factors to consider when choosing successful real estate: - Give me a professional translation to English. Save the html markup. Don't translate what's in English. Don't change the original text.

1. Location. Depending on the type of residences, it is important to consider a suitable location. For example, if 3-bedroom apartments are being purchased for families with children, it is advisable to prefer a location within walking distance to schools or kindergartens.
2. Infrastructure. Investing in an apartment in a comfortable area near convenient transportation connections.
3. Condition of the residential complex. The overall appearance of the building or the surrounding area should not be in poor condition.
4. View property. Apartments with views of landmarks, rivers, or parks are more liquid than properties with views of roads or technical premises.

Pros and cons of flipping

With the right approach, flipping can bring profits of up to 30% per year - this is one of the key advantages. There are also certain privileges when buying properties on the secondary market, unlike new residential complexes. For example, there is no need to wait for the completion of the building.

Among the disadvantages, it should be noted that without a professional perspective, it is possible to make a mistake in choosing a property and as a result, lose the investment.

Flipping and Kalinka

Choosing a liquid property is not an easy task. Professionals from Kalinka will help you select suitable properties and assist with flipping.