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In the 21st century, absolutely everyone knows the word gay refers to people that are homosexual, but back in the 1950s, the which means was contested. The alternate definition was full of joy and mirth. Can you envision the confusion? Inform 1 group of folks that youre gay and theyll assume youre satisfied. I learned about jump button by browsing Bing. Inform another group and they will reach for a cross and a can of gasoline. Right now, flipping houses creates the same impact. Discover further about How to Succeed in Business · Storify by visiting our original website. It has two definitions: 1 The approach of *legally* selling a property for a quickly profit, often employing tiny or none of your own cash 2 The method of *illegally* promoting property for an artificially inflated worth, usually involving a group of criminal appraisers, loan officers, and investors Do you see the similarity with gay? One definition is upbeat and accepted, even though the other is presently unacceptable and downright scary. The majority of the world understands flipping as an illegal activity, where a small minority are trying to redefine it as a reputable actual estate investment method. The purpose: good old Uncle Sam. When the government talks about flipping, they use the second definition. Click here article to learn the inner workings of this thing. According to the Department of Housing and Urban Development, flipping occurs when: A not too long ago acquired home is resold for a considerable profit with an artificially inflated worth Being closely related to the government, attorneys, accountants, and the press are hanging on to that definition. So, the next time you visit them, dont be shocked if they flip out pun intended at your technique. The exact opposite is correct with actual estate investors. You can get a home and then flip it to an additional investor for a tiny but quick profit, enabling you to reinvest your funds and repeat the method. You can also assign contracts for a fee one more type of flipping, enabling an additional buyer to close on the property in your spot. Which definition will win? If flipping homes follows the etymology of gay, the a lot more acceptable definition will come out ahead. Who knows? Maybe theyll make a movie about it.. Browse here at the link mastermind group definition to learn the purpose of it.