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"Investment Property"
Our definition of flipping, as used in real estate:
Purchasing a home as investment, often a foreclosure or distressed property, and reselling it quickly. Sometimes these properties are repaired or renovated before reselling. Other times, the investor simply takes advantage of a good deal and resells without repairs or with minimal cosmetic updates.
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The rules, like the times, keep on a-changin’
New rules went into effect on April 22, 2010, with regards to lead based paint. Owners of a housing property or child-occupied facility built prior to 1978 must adhere to new standards with remodeling.
If the project disturbs more than six square feet of paint in a [...]
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