Flippers still profit in real estate slowdown

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Are you a real estate "flipper" or a "keeper"? Most home buyers are keepers, owning their houses and condos for five or more years. However, even as residential sales prices currently "stagnate" or "plateau" in most cities, according to the latest statistics from the National Association of Realtors and other sources, flippers continue to profit. WHAT IS A REAL ESTATE FLIPPER? There is no official definition, but a real estate flipper is a buyer who acquires a property and holds title less than 12 months. Other names for property flippers are "quick turn specialists" and "speculators." Purchase Bob Bruss reports online. "Buy low, sell high" is the motto of flippers. There's nothing wrong, illegal, immoral or fattening about that. However, buying low and selling high isn't always easy. Real estate flippers usually must add value to earn profits. Not only do flippers buy 25 percent or more below the market value of equivalent property in good condition, but they increase the purcha...