Flipping
Is Flipping Legal and Moral?
By
Sep 6, 2005, 19:43

Buying low and selling high has been always the way business is conducted. So if earning money this way is wrong, then business itself can be construed as immoral. Profiting in just about any way can be debated by people whose life philosophies tell them that this is unjust.

But when someone has something and someone else wants it, whether it is a dozen eggs or a building, there is a price to pay for the privilege of ownership. As long as you are full filling your contractor to the seller and the next buyer, the seller is full filling the contractor to you, and you are conducting yourself in a professional manner, everything you are doing is legal.

Keep in mind that many sellers wonder whether they could have got more for a piece of property. As just about every person who buys a piece of property feels that he or she could  have paid less. Once in a while you also find a seller who tells you he got more than he should have or a buyer who paid less than market value.

Some people feel that flipping isn't something they could do because they just don't feel quite right about it. That's OK - everyone sees the world a little differently from the next person. But if an opportunity presents itself to you, and it seems to be a fair transaction to participate, do the flipping deal.

Throughout every transaction, be sure that the people involved respect you and want to do business with you again. Your reputation is the most important thing you will bring to every real estate flipping transaction.