In Texas real estate, flipping refers to the practice of buying a property, usually a house or a commercial building, with the intention of quickly renovating and reselling it for a profit. Flipping typically involves buying a property that is undervalued or in need of repairs, making improvements or renovations to increase its value, and then reselling it within a relatively short period of time. The goal is to make a profit by selling the property for more than what was originally paid for it, minus the cost of renovations and other expenses.