Benevolent Flipping

What is Benevolent Flipping?

1.

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.

See real estate, flipping, slumlord, property

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