Could be considered a “stealth” flipper. This is someone who trades way up with the intent of selling later to make an easy profit. Most folks who buy a house as their residence aren’t looking to sell it a couple of years later. A friend of mine in the early 90s was a stealth flipper. He sold a smallhome, and bouth a huge one with a down payment. The market went down, and he then lost all. Then he was assesed by the IRS to pay income tax from the forgiven loan.
