Buying low and selling high has been always the way business is conducted. So
if earning money this way is wrong, then business itself can be construed as
immoral. Profiting in just about any way can be debated by people whose life
philosophies tell them that this is unjust.
But when someone has something and
someone else wants it, whether it is a dozen eggs or a building, there is a price
to pay for the privilege of ownership. As long as you are full filling your
contractor to the seller and the next buyer, the seller is full filling the
contractor to you, and you are conducting yourself in a professional manner,
everything you are doing is legal.
Keep in mind that many sellers wonder whether they could have got more for
a piece of property. As just about every person who buys a piece of property
feels that he or she could have paid less. Once in a while you also find a
seller who tells you he got more than he should have or a buyer who paid less
than market value.
Some people feel that flipping isn't something they could do because they
just don't feel quite right about it. That's OK - everyone sees the world a
little differently from the next person. But if an opportunity presents itself
to you, and it seems to be a fair transaction to participate, do the flipping
deal.
Throughout every transaction, be sure that the people involved respect you
and want to do business with you again. Your reputation is the most important
thing you will bring to every real estate flipping transaction.
