House Flipping and Taxes House flipping involves the purchase, renovation and sale of a property, hopefully for a profit, when the improvements are complete. The object of house flipping is to buy, renovate and sell a property in the shortest amount of time possible with the greatest profit possible. Investors buy, rent and hold and those who flip buy, renovate and sell. - See more at: http://www.mytaxfiler.com/blog/house-flipping-and-taxes/#sthash.DqIKHwfA.dpuf in Public bookmarkswith estateflippinghouseplanningrealtax