what is a real-estate flip?

In short, a real estate flip is to buy a property, often at bargain price, to renovate it and resell it quickly in order to make a profit.
In Quebec, it is mainly single-family homes that are the subject of "flips".
Besides the traditional "retaper and resell" other types of flips exist. For example, rental with purchase option, conversion of a condominium building, flip before construction (buy a building on plan, discount, and sell it as soon as it is built) etc. In short, the flip refers to the relatively quick cash shot through real estate investment.

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