Flipping property in a neighborhood not merely for the purpose of profit, but with a priority of improving the neighborhood.
One who does this would be a "benevolent flipper."
Some slumlord offered John $20k for his house, but he sold it to the city for $17k so it would be a rainwater garden instead of yet another North Minneapolis crack house. It's called "benevolent flipping."
Source: This phrase was used by a guy interviewed on NPR, All Things Considered, in early August, 2008, to describe what he does.
Prices shown in USD.
Skriv din epost-adresse under og motta dagens Urban Word of the Day, gratis!
Alle eposter sendes fra email@example.com. Vi lover å ikke spamme.