Beware of Shady Flipping Practices

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According to an article in the Baltimore Sun, flipping real estate for profit has a pretty bad reputation in Baltimore. For those of you thinking to get into the business of flipping real estate, read as much as you can about these types of behaviors and avoid them at all costs! Learn from other peoples mistakes.

The problem stems from properties sold for huge profits within a day, which is an indicator to a problem. Fraudulent documentation is one issue cited by the article, in addition to flopping which is when a property is devalued then resold at a higher price. This can show a fake profit. Beware of scams like these, and read the article to learn more!

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