They call them real estate flippers - 2005-03-14
In the 1990s, Flippers were stock jockeys who finagled their way into initial public offerings, only to flip them days or hours later for big profits.
"For the typical American, it's the best and most generous tax break in the entire tax code," says Douglas Duncan, chief economist for the Mortgage Bankers Association.
Generating a profit may seem easy in a flippers' market, but getting from point A to point B can be a lot of work, particularly if the brand of investing you're used to is of the point-and-click variety.
Read the full story at CNN Money