A type of real estate investment in which a person or company buys property for a low price with the intention of improving it and reselling it quickly is called

Question

Quizplus · Accepted Answer

The process described is commonly known as "flipping" a property, where the goal is to make improvements in order to sell the property quickly for a profit. A REIT (real estate investment trust) is a type of investment that involves owning and managing multiple properties and generating income through rent or asset appreciation. Rental property involves purchasing property with the intention of generating rental income through long-term leasing to tenants. "Turnover property" is not a common term in real estate investing, and so is not an appropriate answer option.

A Type of Real Estate Investment in Which a Person