Property Types
Property Flipping
Buying, renovating, and quickly selling for profit
Full Definition
Flipping involves purchasing properties below market value, renovating them, and selling for profit. Unlike buy-to-let, the goal is short-term capital gain rather than ongoing income. Flippers face capital gains tax on profits and must accurately estimate renovation costs and resale values. Success requires strong builder relationships and market knowledge.
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Analyse a PropertyMore Property Types Terms
Buy-to-Let (BTL)
Property purchased specifically to rent out
HMO (House in Multiple Occupation)
Property rented to 3+ unrelated tenants sharing facilities
Single Let
Property rented to one household on one tenancy
BRRR (Buy, Refurbish, Refinance, Rent)
Strategy to recycle capital through forced appreciation
Serviced Accommodation (SA)
Short-term furnished rentals like Airbnb